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Posts Tagged ‘Energy Prices’
February 29th, 2012 at 4:31 pm
Obama’s Energy Secretary: Administration’s Goal is Not to Lower Gas Prices
Posted by Print

About the only thing that Dr. Steven Chu, President Obama’s Secretary of Energy, deserves credit for these days is honesty. Testifying before Congress yesterday, Chu was asked by Republican Congressman Alan Nunnelee of Mississippi whether the Obama Administration’s energy goal is to reduce the cost of gasoline. Chu’s response, according to Politico:

“No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy,” Chu replied. “We think that if you consider all these energy policies, including energy efficiency, we think that we can go a long way to becoming less dependent on oil and [diversifying] our supply and we’ll help the American economy and the American consumers.”

… “We agree there is great suffering when the price of gasoline increases in the United States, and so we are very concerned about this,” said Chu, speaking to the House Appropriations energy and water subcommittee. “As I have repeatedly said, in the Department of Energy, what we’re trying to do is diversify our energy supply for transportation so that we have cost-effective means.”

In other words, “We’re perfectly content to see oil prices shoot through the roof if it means all you knuckle-draggers will start driving Smart Cars.” Should we really be that surprised from the man who once told the Wall Street Journal, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,”? Chu’s intransigence represents a broader liberal pathology: an ideological allergy to economic growth.