Steven Chu - lower gas prices not goal
"Energy Secretary Steven Chu testifies before congress on 2-28, telling Rep. Alan Nunnelee of Mississippi that the administration goal isn't to lower the cost of oil and gas, but to get us off of fossil fuels. 2-29-12"
Obama’s Energy Sec. wants $7 to $9 Unleaded gas prices
Juggernaut (Diary) |
The liberal media tried to bury this story as quick as Energy Sec. Chu suggested unleaded prices would solve our energy problems forcing people to buy alternative energy cars and sub compacts. Well that dog don’t hunt, this is America, not Europe. I think Obama ran for office in the wrong country because beyond food, wine, tourism and other Euro products the majority of us don’t envision Euro anything. Especially $7 gas. When unleaded hit $3 a gallon many people began to cut back on spending because they spent a fortune just to commute to work and travel daily.
Interviews with Chu help to explain why the Gulf is in slow motion while oil rigs corrode waiting on the multi-tasker in chief to grant permissions again. Democrats want to punish American success with a forced move towards cars that aren’t deemed reliable as of yet. While to early adopters and the wannabee seen types will buy electric cars now, they’ll soon find the costs are higher than just the cost of electricity. Steven Chu thinks we can make this shift in 5 years while most Americans will wait and see. Economies of Scale will reduce manufacturing costs as more people buy alternative energy cars but the fact remains, till such cars can travel 300 miles or more on a single charge and or companies produce larger vehicles, the majority will sit on the sidelines. And of course the majority can’t afford to switch cars every year so expect 2 decades till we see a major decline in gas powered cars…………before then we’ll need more power plants but nuclear is out all thanks to enviro-fascism coming from the left. Solar and wind will take time to develop and Chu wants us to pay more now. Looks more like a get rich scheme wrapped around a specious plan to reward their own success with our money. R&D takes time, throwing more money around won’t speed up inovation, especially when the money comes from the people via Obama policy. And I thought Obama said “no new taxes” too? Yes he did!
http://blog.heritage.org/2011/01/07/gas-prices-under-president-obama-in-pictures/
Fact: President Barack Obama’s Energy Secretary Steven Chu wants to “figure out how to boost the price of gasoline to the levels in Europe.” At the time he made the statement, gas cost $7 – $8 a gallon in Europe.
Fact: Since taking office, President Obama’s entire energy agenda has made a gallon of gas more expensive:
- Immediately after taking office in 2009, Interior Secretary Ken Salazar,canceled 77 leases for oil and gas drilling in Utah.
- The EPA announced new rules mandating the use of 36 billion gallons worth of renewable fuels (like ethanol) by 2020.
All of these policies raise gas prices at the pump by either: 1) decreasing the availability of domestic energy supplies, or 2) increasing regulatory costs on gasoline production.
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| Obama has indefinitely postponed construction of the Keystone oil pipeline. This project would have transported synthetic crude oil from Alberta to numerous U.S. states. The president’s decision was widely seen as politically motivated to shore up liberal support in an election year and to earn praise from environmentalist groups. The pipeline would allow the U.S. to increase its energy security and reduce its dependence on foreign oil. The U.S. needs 10 million barrels a day of imported oil. This is not a debate of oil versus alternative energy. It is a debate about whether we want to get our oil from Canada, or Venezuela and the Middle East. https://www.facebook.com/USA.RSC |
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