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"The answer is: raise the price of gasoline and give all the money back,"

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  • Eric Britton
    Lee Schipper on this day at least, as the Duke famously said, can to a thing cause he do got that swing . Bravo Lee. On the button. Thank you Lee. Eric
    Message 1 of 1 , Dec 16, 2008
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      "The answer is: raise the price of gasoline and give all the money back,"

      Lee Schipper on this day at least, as the Duke famously said, can to a thing cause he do got that swing. Bravo Lee. On the button. Thank you Lee. Eric Britton



      Obama Energy Pick Backs Higher Gas Tax

      December 15, 2008 4:54 PM http://blogs.abcnews.com/thenote/2008/12/obama-energy-pi.html

      ABC News' Teddy Davis Reports: Barack Obama's pick for Department of

      Energy secretary

      <http://blogs.abcnews.com/politicalpunch/2008/12/a-nobel-prize-w.html

      backs higher gasoline taxes, a position which puts him at odds with the

      president-elect.

      "Somehow we have to figure out how to boost the price of gasoline to the

      levels in Europe," Steven Chu, the director of the Lawrence Berkeley

      National Laboratory, told the Wall Street Journal in September

      <http://sec.online.wsj.com/article/SB122904040307499791.html .

      Chu said he favors gradually ramping up gasoline taxes over 15 years to

      nudge consumers into buying cars that are more fuel efficient and homes

      which are closer to work. Chu spoke with The Wall Street Journal in

      September but the newspaper did not publish the gas tax comments until

      last week, shortly after the Nobel-prize winning physicist had been

      identified as Obama's nominee for Energy secretary.

      Chu is not alone among energy experts in thinking that higher gasoline

      taxes could tamp down demand and spur development in alternative

      energies.

      Raising the federal gasoline tax, however, has been dismissed by Obama.

      The president-elect acknowledges that gas prices have come down since

      the summer when they reached $4 per gallon. He worries, however, that

      the overall economic downturn makes American families ill-equipped to

      shoulder higher prices.

      "Putting additional burdens on American families right now, I think, is

      a mistake," Obama told NBC's "Meet the Press"

      <http://www.msnbc.msn.com/id/28097635/ in an interview which aired on

      Dec. 7.

      Lee Schipper, a project scientist with the Global Metropolitan Studies

      program at U.C. Berkeley, hailed Obama's nomination of Chu as Energy

      Secretary and praised his colleague's support for higher gasoline taxes.

      "I can imagine in the hearings Chu facing problems because he dares say,

      'higher prices,'" said Schipper. "But I think there is no solution that

      does not involve higher prices."

      Schipper, who shared a lab at Berkeley with Chu from 1972-74, estimates

      that the average cost of gasoline in Europe at present is somewhere

      between $7-9 per gallon.

      Schipper thinks Obama's concerns about not placing additional burdens on

      America's families can be addressed by agreeing to rebate all -- or

      close to all -- of the money raised by higher fuel taxes.

      "The answer is: raise the price of gasoline and give all the money

      back," said Schipper.






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