Quote:
Originally Posted by Riot
Can you quote the part where Chu "didn't understand why we weren't paying 9.00 a gallon for gas like in Europe" ?
As I said: that's not what Chu said.
Does anybody have any evidence that removing billions in taxpayer subsidies will cause the richest and most profitable corporation in the US (Exxon), and it's four biggest competitors to raise gasoline to $9 a liter? Especially when our oil is still bought and sold on the world market, and only the largest five gasoline companies, and not the smaller US ones, would be affected?
Being held hostage by private companies doesn't seem to be a very smart thing for the American taxpayer.
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It was never presented as a quote, more of a summation. The quotes I have provided support that summation completely based on the cost of gasoline at the time of the WSJ interview with Chu.
Being held hostage by the federal gov't sounds better?
I would rather the gas/oil companies have that money than DC. It is more likely to find a way into the economy in the hands of a successful business.