Original position: raise price of gasoline to encourage renewable projects
Changing tune in election year
Chauffeured to work; does not own a car
DC residents: gasoline is 1.4% of their annual income
City sales taxes significantly higher
DC residents: gasoline is 1.4% of their annual income
City sales taxes significantly higher
Link here.
Sen. Lee then asked Chu: “Are you saying that you no longer share the view that we need to figure out how to boost gasoline prices in America?”Perhaps at a later date, when I have more time, I will link the reference explaining this exchange for those who missed it.
“I no longer share that view,” Sec. Chu said.
Chu noted:
“Since I walked in the door, as secretary of energy, I’ve been doing everything in our powers to do what we can to reduce these gas prices,” Sec. Chu told the Senate hearing.
Translation, let's count the ways:
- invested in several solar companies that have since gone broke or nearing bankruptcy
- moratorium in the gulf
- permitorium in the gulf
- slow rolling the oil and gas industry onshore
- promoting algae as a fuel
- mandating more concentrated ethanol (E85)
- killing Keystone XL 1.0
- leading the Senate in defeating Keystone XL 2.0
Check out page 14 of the new CHK IP.
ReplyDeletehttp://www.chk.com/Investors/Pages/Presentations.aspx
;-)
------
Also, another NG NGL complex in Ohio announced. Pretty big.
http://www.chk.com/news/articles/Pages/1672307.aspx
anon 1
Two comments:
Delete1. I liked slide 19 even better, the interstate natural gas corridors, nationwide, border to border.
2. At some point, the oil and gas industry reaches a tipping point with regard to fracking. The CHK NGL complex in eastern Ohio is another example of a lot of jobs, and a lot of income for the state. As these projects are announced and/or come on-line, it's going to be very, very difficult to ban fracking. I can see "frack and trade" and/or huge bonds being required by the states for clean-up in case of a mishap, but I don't see how they can ban fracking once that "tipping" point is reached. A sane person would say that the tipping point has been reached, but I don't think the EPA has a majority of sane people on their senior staff.
This Administration lives in its own bubble removed from us common folk.
ReplyDeleteThe world of no principles, just academic bla, bla, bla.