It’s an Obama World… Gas Reaches $5 a Gallon & “Green” Light Bulbs Cost You $50 Each
It’s an Obama World…
Gas in California is above $5 per gallon.
A commuter drives past a gas station signage displaying current prices for self serve and full serve gasoline in La Jolla, California March 8, 2012. (REUTERS/ Mike Blake)
And, so-called “green” light bulbs cost $50 each… And they’re government subsidized!
The Washington Post reported:
The U.S. government last year announced a $10 million award…for any manufacturer that could create a “green” but affordable light bulb.
Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs…at prices “affordable for American families.”…
Now the winning bulb is on the market.
The price is $50.
Retailers said the bulb, made by Philips, is likely to be too pricey to have broad appeal. Similar LED bulbs are less than half the cost.
Whatever you do… Don’t drop it!