Yossie Hollander Discusses Ending Our Oil Addiction at TEDxChapmanU (Transcript)

In this TEDxChapmanU talk, Yossie Hollander, co-founder of the Fuel Freedom Foundation enlightens the audience about the value of the world’s oil reserves, the impact of our oil addiction, and the ways we can develop cleaner and less expensive American-made fuels.

Listen to the MP3 Audio here: Ending Our Oil Addiction Yossie Hollander at TEDxChapmanU

TRANSCRIPT:

Good afternoon. In 1969, IBM did a worldwide test to see if kids can program. Sounds funny today, I was part of that test and that led for the next thirty one years where I built software companies and I was pretty successful.

And then in 2000, I decided that I am going to change career and I became a philanthropist. And lot of things interested me including the Holocaust program here at the Chapman.

But what’s really interesting was energy. And more and more I became fixated on that, I started donating money to research and to think-tanks in trying to change our addiction on oil.

But then something didn’t click. And I had an aha moment when I was walking on the beach in California and I found the lamp. And after the Genie came out and I asked for world peace and for a good health. Then I asked the Genie for my final wish — can I have all the money and power in the world? Modest. So the Genie, he wasn’t born then, so he started with gold and he said what’s about gold?

I said, “Well, that’s about a trillion dollars, not sure how large that is”.

“So how about all the bank deposits in the world?”

Well, figured out very quickly, I don’t know how that it’s $14 trillion.

And then I said, well, there’s a lot of companies, maybe I can own all the companies in the world as well, and that came out to be $65 trillion.

Now that sounds interesting, then I thought maybe I want to hold government debt. Actually I don’t but then I asked, is this the most we can own? And answer is No.