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ONE of the few "big ideas" John Kerry has put forward is a sweeping federal program to secure energy independence. This idea is by no means new: It has been embraced to varying degrees by every major national politician for the past 30 years. But Kerry's constant focus on the issue suggests that he, unlike his predecessors, might actually be serious about it. If so, America would be in for a radical economic transformation; a review of his plan, however, suggests that Kerry is offering more hat than cattle.
Making do solely with domestic sources of energy would require either extreme cuts in energy consumption or major increases in domestic production, or both. ...