UT Poll: Most Not Happy With Energy Direction
by: KUHF Staff, October 19, 2011 8:10:05 pm
"Only 14% of consumers think we're heading in the right direction and they think it will get worse over time."
Dr. Wayne Hoyer is the chairman of the marketing department at the University of Texas McCombs School of Business. He headed up the poll that included responses from 3,400 consumers. Lawmakers in Washington took the brunt of the
blame for the lack of energy direction.
"The overall satisfaction with the different constituencies that could solve or address these issues was rather low. The highest being universities and research scientists as well as alternative energy companies, but the lowest being government and in particular U.S. Congress. Only 8% felt satisfied with the job that Congress was doing and 71% felt dissatisfied."
84% of the respondents were worried about the U.S.'s consumption of foreign oil. Almost 70% believed energy prices will continue to rise, but not for the reasons researchers expected.
"What was interesting to us was that it was driven by perceptions of the pricing policies, of public utilities and energy companies, not supply and demand. We thought people believed that it was driven by supply and demand but the majority of consumers did not think that. They thought it was driven by pricing policies."
More people were worried about energy's impact on their bank accounts than they were about its impact on the environment. Researchers say that didn't surprise them in a tough economy.