On the recordMay 16, 2012
Well, I took a look at that before we began this hour, and I go, Oh, my, do I have to wait until 2025 to buy that vehicle? No, not really. There are pure electric vehicles that are available today that get not 54 miles per gallon but like infinite, by using electricity only. You can buy those. Unfortunately for me, in my district where a Saturday run around the district is 600 miles, it doesn't make much sense yet, but it's coming. The battery technology is improving for automobiles. You can store that energy or take down that energy at night. This is part of the electric grid and the changes that are occurring in the electric grid all across this Nation. Given the low price of natural gas today--just over $2 per 1,000 Btus--we're seeing the electric utility industry shifting from coal to natural gas. As they do that shift, we get an enormous reduction in the carbon emissions--which is good for the environment and good for the climate change issue--and, simultaneously, we're able to then see a path to an electric vehicle, or at least a hybrid plug-in, hybrid electric vehicle. All very, very good. Biofuels will be part of that also. So it's very, very powerful that we continue to increase. And let's keep in mind that there had been no increase until the Obama administration came in. I think it was over 20 years that the standards had been in place, and then President Obama came in and said, Listen, we need to move to conservation. And the result is the incredible savings.…





