smart energy policies saving money and reducing pollutant emissions through greater efficiency steven nadel howard geller with the tellus institute september 2001 report number e012 american council for an efficient economy 1001 connecticut avenue nw suite 801 washington dc 20036 202 429 8873 phone 2248 fax http aceee org web site i executive summary multiple problems confront united states there are a variety of serious challenges confronting california has experienced power shortages severe electricity price spikes reliability could spread to other regions such as pacific northwest or new york even if lights stay on prices will continue climb in many country utilities several have increased electric rates by 40 50 this year natural gas also significantly parts causing skyrocketing home bills past winter furthermore our reliance imported oil grown imports more than doubled during 15 years now exceed domestic production rising demand tight supplies caused gasoline rise