NEW YORK, NY [NYDN] — Most Americans are rooting for oil prices to plunge, but Mayor Bloomberg isn't one of them.

“My great fear is that the cost of energy will come down rapidly and so low that we will forget the lessons we should have learned, and we'll walk away from the environmental challenges,” the mayor said during a panel discussion at the Clinton Global Initiative in Midtown.

Bloomberg: Costly Oil Is Good

NEW YORK, NY [NYDN] — Most Americans are rooting for oil prices to plunge, but Mayor Bloomberg isn’t one of them.

“My great fear is that the cost of energy will come down rapidly and so low that we will forget the lessons we should have learned, and we’ll walk away from the environmental challenges,” the mayor said during a panel discussion at the Clinton Global Initiative in Midtown.

Bloomberg’s comments yesterday were consistent with his earlier position that taxes need to be increased on energy to reduce consumption.

Among the members on Bloomberg’s panel was Turki bin Faisal Al Saud, Saudi Arabia’s former ambassador to the United States, who said oil-producing nations should be part of discussions about climate change.

“Let’s discuss this in a global manner,” he said. “We have to benefit and you have to benefit. But don’t . . . beat down on us and use polemic when you need to use science and good will.”

3 Comments

  • CN

    It’s very easy for a billionaire to take that position, but it doesn’t mean much when he does since it wouldn’t effect his balance sheets.

  • Charlie

    Baloooonberg has lost it. He flipped his sheitel. Had a melt down. Lost his marbles. Playing Charlie…you get the point.

  • Get use to it!

    its true. we could use Solar energy,wind energy and much more to stop climate change. and even if you dont beleive in global warming Co2 (carbon dioxside) can cause health issues!