Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.
First of all, I'm in favor of making price gouging a crime, and in fact, one the reasons I didn't vote for the Republican House version was because there were too many breaks for the oil companies.
Energy is significantly underpriced in many parts of the world, leading to wasteful consumption, price volatility and fuel smuggling. It's also undermining the competitiveness of renewables.
Here is my general approach to the energy companies. You have already charged the utilities a 50 percent credit penalty for the power they were buying from you. You're charging us a penalty. You're not going to get two bites of the apple here.
The electricity tariff in Punjab is highest in north India, and it should be decreased.
Renewable energy is not more expensive than fossil fuel when you factor in life-cycle costs.
When it comes to energy, cost isn't everything - but it's a lot. Everybody wants cheap power.
Renewable energy is not unaffordable as the fossil fuel giants would like us to believe.
We'll make our voices heard loud and clear on the importance of cost-based power.
The thing you have to remember is, oil and gas are commodities, and the more we use them the more the price goes up, like any commodity. Solar, wind - they are technologies, so the more you use them, the more the price goes down.
The gas, which is our main source of power, is priced in dollars.
We believe that part of the answer lies in pricing energy on the basis of its full costs to society. One reason we use energy so lavishly today is that the price of energy does not include all of the social costs of producing it. The costs incurred in protecting the environment and the health and safety of workers, for example, are part of the real costs of producing energy-but they are not now all included in the price of the product.
A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.
Wind developers have realised the importance of transparent method of price discovery, which was demonstrated in the solar sector. They realise that bidding brings in efficiency, and tariff is right-sized.
