Say what? Oil Company CEO Suggests a $1 gas tax Increase and Higher Fuel Economy Standards

At a March 8 conference held by IHS Cambridge Energy Research Associates in Houston, Hess Oil Company CEO, John Hess, made some pretty remarkable statements.  For starters:

• The U.S. should consider imposing a $1-a-gallon gasoline tax and boosting average auto fuel economy to 50 miles a gallon to help avert a global energy crisis;
• The U.S. also needs to “get serious about climate change once our economy recovers; and
• The $140-per-barrel oil price of three years ago was not an aberration -- it was a warning.

Bloomberg News reports here:  http://www.bloomberg.com/news/2011-03-08/u-s-should-mull-1-gas-tax-boost-auto-efficiency-hess-says.html