Energy Secretary Steven Chu Admits Administration Hates Oil
In 2008, before he was President Obama’s Energy Secretary, Steven Chu said that:
“Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”
President Obama and Secretary Chu are certainly on their way towards that goal, as gas prices are now double what they were when the President was inaugurated. In a speech last week, President Obama claimed to support an “all-of-the-above strategy that develops every available source of American energy.” The President went on to say that strategy included oil and gas.
Yet, his policies have not shown a willingness to include oil and gas – even though these conventional energy sources are cheaper and more efficient than their alternatives. The President’s favored “green” energies won’t be economically viable alternatives for decades. We’ve been trying to make them a reality since the Carter Administration, with only minor advances.
Secretary Chu admitted yesterday that reducing the price of gasoline is not a priority for this Administration. The priority lies on finding an alternative for the future. That doesn’t sound like an “all-of-the-above” strategy.
When asked by Congressman Alan Nunnelee (R-MS) if the overall goal is to get gas prices down so that the American people stop suffering, Sec. Chu responded:
“No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.”
So, yet again, the President’s speech was full on rhetoric and empty on substance.
Allowing gas prices to climb so that “green” energy alternatives appear to be viable alternatives is backwards. Instead, we need to lower gas prices by approving pipelines and expanding oil exploration – including on federal territory – in order to reduce the burden on the American people while the private sector continues to develop alternatives. What we absolutely should not be doing is crippling our economy with high gas prices in pursuit of even more expensive alternatives. If Americans can’t afford gas prices now, how are they going to afford massively more expensive alternatives?