Edison, NJ -- Congressman Frank Pallone, Jr. (D-NJ) will visit the EOS Energy Storage facility on Monday, February 27, 2012, to discuss his support for an “all-of-the-above” approach to American energy production and protecting consumers from rising gas prices at the pump.
Gas prices have reached an average of $3.52 a gallon in New Jersey as a result, in part, of speculative trading on Wall Street. Congressman Pallone will call for further investments in domestic energy sources and new energy technologies to reduce dependence on foreign oil and lower gas prices.
Congressman Pallone will also highlight the importance of innovative companies like EOS Energy Storage in reducing demand for foreign oil and creating American jobs. EOS develops lost-cost batteries for electric vehicles. Cars with EOS batteries have the same costs and range as gasoline vehicles with 1/10th the fuel cost.
3 comments:
What we really need are the same subsidies for electric type resources as we do for oil based resources. Those alone would make electric conversion economically viable. I do not understand why we still subsidize oil and not electric spectrum when we wish to break dependency on oil
The reason no one will is because the big oil companies are subsidizing the american political machines on both sides of the aisles...
Follow the money, they support obama cause he will increase gas prices. Then they support the the republicans when they are in control...
Every politician becomes the oil companies little puppets!
Phony Palony must be jockeying for some more donations for next elections cycle from BIG OIL. Pulling the "go green" card will definately ensure some cash!
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