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Thread: Steven Chu Retracts Previous Call for Higher Gas Prices

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    Stoney's Avatar Senior Member
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    Steven Chu Retracts Previous Call for Higher Gas Prices

    As gas prices loom near the $4-a-gallon mark, the Obama administration has been hit with a public outburst that could prove politically lethal. And while the President is quick to emphasize that he does not favor high gas prices, his administration is toting heavy baggage in the area of energy policy. At a news conference last Tuesday, Obama told Fox News it is deceptive to suggest that the White House harbors a secret agenda to increase gas prices with the intent to curb Americans’ addiction to fossil fuels. "You think the president of the United States going into reelection wants gas prices to go up higher?" he asked. "Is that — is there anybody here who thinks that makes a lot of sense?"
    However, then-incoming-Energy Secretary Steven Chu’s (above) 2008 remarks to the Wall Street Journal seem to assert the affirmative. "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Mr. Chu told the Wall Street Journal in a September 2008 interview.
    http://www.thenewamerican.com/tech-m...her-gas-prices

    And then there's the Obama quote; “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”

    They wanted to see energy prices skyrocket before they wanted them to come back down.
    "If a politician found he had cannibals among his constituents, he would promise them missionaries for dinner."

    "The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable."

    H. L. Mencken

  2. The Following User Says Thank You to Stoney For This Useful Post:

    waltky (11-07-2012)

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    Mainecoons's Avatar Senior Member
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    They haven't changed their real points of view, they're just lying about it now for political expediency.

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    Yep.....Chicago Democrats wanted to raise the city-tax on Gas. While they raised taxes on everything else. Including some temporary taxes that will eventually become permanent.

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    Gas prices comin' down...

    Crude oil drops under $85
    Nov. 7,`12 (UPI) -- Crude oil prices shifted lower in New York Wednesday, slipping under $85 per barrel as traders reacted to President Barack Obama's re-election victory.
    Giving a sense of the international community's reaction to the national election, the dollar index rose overnight, gaining 0.21 percent to 80.80 on the International Exchange.

    On the New York Mercantile Exchange, West Texas Intermediate crude oil for December delivery gave up $3.85 to $84.60 per barrel. Reformulated gasoline prices added 3.19 to $2.5973 per gallon. Home heating oil lost 0.3 cents to $2.9624 per gallon.

    Natural gas prices lost 0.8 cents to $3.57 per million British thermal units. At the pump, the national average price of unleaded gasoline dropped to $3.462 per gallon, down from Tuesday's $3.463, AAA said.

    Read more: http://www.upi.com/Business_News/201...#ixzz2BaJo2hxw
    See also:

    U.S. can expect lower gasoline prices
    WASHINGTON, Nov. 7,`12 (UPI) -- The U.S. Energy Department said it expects U.S. retail gasoline prices to be, on average, 20 cents less in 2013 than this year.
    The Energy Department's Energy Information Administration reports the average price for a gallon of regular unleaded gasoline for the week, starting Monday, was $3.49, about 6 cents higher than the same time last year. For 2010, gasoline prices averaged $2.78 per gallon.

    Washington had considered tapping into strategic petroleum reserves early this year to help settle markets reacting to geopolitical concerns with Iran. Refinery closures in California coupled with the fallout for hurricanes Isaac and Sandy caused regional spikes in retail gasoline prices. The EIA, in its short-term energy outlook for November, said retail gasoline consumption has been relatively static. It attributed much of that to fewer drivers, because of age restrictions and improvements in fuel economy of new automobiles.

    Washington in August finalized plans to increase fuel economy standards for passenger vehicles to 54.5 miles per gallon by model year 2025. "EIA expects regular gasoline retail prices, which averaged $3.53 per gallon in 2011, to average $3.64 per gallon in 2012 and $3.44 per gallon in 2013," the agency's report read.

    Read more: http://www.upi.com/Business_News/Ene...#ixzz2BaKFkCEh

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