Chu being 'OK with it' is a bit of an understatement, he's actually all for it, since it's the only way the Green BS approaches being competitive. Unfortunately what he and other Greens fail to understand is that the rising petro costs will affect the inputs to all their 'Alternative' energy systems, driving up the market price of them to where they will STILL be uncompetitive with fossil energy, no matter how high its price point goes. The only thing that will EVER make it competitive is the when fossil energy actually enters the exhaustion phase of its production curve.