Federal Reserve Chairman Alan Greenspan said on Thursday the United States had "better have" some sort of national energy policy for both economic and national security reasons.
When asked at a hearing of the Senate Budget Committee if he thought America needs a national energy policy, Greenspan said, "I think that we better have one because it's something which is integrated not only into our economic system but into our national security system as well."
He said it is possible new technologies will lead to alternative sources for the fuels consumers use now.
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