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Chu to Congress: Were not interested in lowering gas prices
We agree there is great suffering when the price of gasoline increases in the United States, and so we are very concerned about this, said Chu, speaking to the House Appropriations energy and water subcommittee. As I have repeatedly said, in the Department of Energy, what were trying to do is diversify our energy supply for transportation so that we have cost-effective means.Chu specifically cited a reported breakthrough announced Monday by Envia Systems, which received funding from DOEs ARPA-E, that could help slash the price of electric vehicle batteries. He also touted natural gas as great and said DOE is researching how to reduce the cost of compressed natural gas tanks for vehicles. High gasoline prices will make research into such alternatives more urgent, Chu said. But is the overall goal to get our price of gasoline down, asked Nunnelee. No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy, Chu replied. We think that if you consider all these energy policies, including energy efficiency, we think that we can go a long way to becoming less dependent on oil and [diversifying] our supply and well help the American economy and the American consumers. Posted by: Beavis 2012-02-29 |
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