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I think Bernie realizes that you cant create energy out of nothing, and the fuel cuts are going to slow down F1 considerably, At least I hope he realizes this. I am still waiting to hear about how they are gonna have to cut down on laps in order to help promote tv ratings or some other nonsense.
Here is an idea, give everyone the same amount of fuel, and get rid of all the rest of the other rules that don't have anything to do with safety and let them go racing.
The free market might be a paradigm, but its more efficient than micro managers who believe they know better than the people building the cars and figuring the logistics.