If the U.S. wants new energy to be the centerpiece of a new economy in which -- in the president's words, the U.S. "consumes less and produces more," then it will have to have an industrial strategy. Getting there won't be easy. Just as the insurance companies impede sensible reforms in health care, and big oil and coal block vital changes in energy, and Wall Street guts vital reform of finance, global corporations and banks will spend a lot of money to defend the unsustainable trade policies of the old economy.