One thing I want to mention, what has happened to these high energy prices? Dow Chemical paid $8 billion for natural gas in 2002, $22 billion in 2006, and they are now building plants all over the world because we can't afford America's energy. That is the message we need to realize. Many companies are doing that, and we need to prevent that.
Discussing the impact of rising energy prices on American companies and industry.
Share
More from John W. Peterson
Well, maybe 30 years ago when oil was $10 a barrel and natural was $2 a thousand, it was smart to use theirs. But when it's $129 a barrel and $11 for natural gas, I think it's time to produce our own. Americans do not need to be sending…
Today, June 11 of the year 2008, we had an interesting happening in the Capitol. We have had $4 gasoline for some time now, we have had $5 diesel, record high natural gas prices approaching $13 per thousand, the most expensive energy…
I think we are going to be forced into innovation. That is good. But I will have to say the current prices of driving a vehicle and heating a home this year in my rural district are going to be prohibitive for some people being able to…
We keep hearing from over there that it was all ethanol. Ethanol was just a piece. It was 15 percent. The rest was normal oil and gas energy. But they had a plan. I think we ought to have a plan for North America. Stop and think about…
Other voices in this conversation
