Saturday, April 25, 2009

Chu on higher gas prices

From an exchange about gas prices between Energy Secretary Steven Chu and Florida Republican Cliff Stearns during a House hearing on the proposed climate bill:
Stearns to Chu: Last September you made a statement that somehow we have to boost the price of gasoline to the levels of Europe, which at the time exceeded $8 per gallon. As Secretary of Energy would you speak for or against any measures to raise the price of gasoline?

Chu: The Secretary of Energy, especially now in today's economic climate, would be completely unwise to want to increase the price of gasoline. We're looking forward to reducing the cost of transportation in the American family. This is done by encouraging more fuel efficient cars. This is done by developing alternative forms of fuel like biofuels that can lead to a separate source, an independent source of transportation fuel.

Stearns: You can't honestly believe that you want the American people to pay for gasoline at the prices the level in Europe.

Chu: No we don't.

Stearns: Your statement that gas prices ought to rise to the level of Europe, doesn't that sound a little bit silly, in retrospect, for you to say that?

Chu: Yes.

[Source: SF Streetsblog]

1 comment:

mpg50 said...


Thirty-seven years ago during the 1973 Oil Crisis we developed a liquid fuel enhancer. We call it MPG50. When added to gasoline or diesel fuel, it provides many benefits including a gas mileage boost of 25% to 50%, a several point octane boost and up to 90% exhaust pollution reduction. It is extremely cost-effective and widespread use of MPG50 could cut American dependence on foreign oil by 35%.


Try a bottle of MPG50, (which treats 160 gallons of gas) for $25 & you get a $40 Gasoline Rebate Voucher. So, you make a $15 profit for trying it. Plus, with gas prices a $2/gallon one bottle of MPG50 will save you 50 cents/gallon, times 160 gallons, that's $80 more in gas or diesel fuel savings.

It is a "no brainer", because with its $40 Gas Rebate Voucher you are paid $15 for trying a $25 bottle of MPG50 which saves you $80 at the pump; See:

God Bless America