In this episode, Aaron talks to Bob Schaffer about energy policy. In this wide-ranging discussion, Aaron and Bob discuss the domestic and international factors affecting the price of gasoline. Bob talks about his views on past policies that have contributed to US dependence on foreign oil and the links between some petroleum exporting countries and the financing of global terrorism. The role of energy markets in building strong states, able to resist the pressures of terrorists is also discussed. Aaron and Bob discuss strategies to build US energy independence, including the role of renewable energy technologies and the potential impact of climate change. Bob gives his views on carbon tax proposals and international agreements on emissions and trading regimes.