We believe that part of the answer lies in pricing energy on the basis of its full costs to society. One reason we use energy so lavishly today is that the price of energy does not include all of the social costs of producing it. The costs incurred in protecting the environment and the health and safety of workers, for example, are part of the real costs of producing energy-but they are not now all included in the price of the product.

Public Papers of the Presidents of the United States: Richard M. Nixon, 1971: (ed. Best Books on, 1972) - ISBN: 9781623769178