That’s right, $200 Billion with a B. They plan to fulfill 10% of their energy needs with alternative sources by 2010 and 20% by 2020, a very agressive schule given the sheer size of their need.

This is a huge story for the US because it indicates that our largest competitor for fossil fuels understands that the supply is limited and they are willing to start moving away from it. Meanwhile we have no real national energy policy except that put together behind closed doors by Cheney and his oil company pals in 2001. Obviously that has worked out well (for them)…