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Thursday, March 01, 2012

Energy Secretary Chu: Administration OK With High Gas Prices

President Barack Obama's Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.

Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy.

The Heritage Foundation points out that hammering the American consumer with high gas prices to make electric and hybrid cars more appealing is consistent with Obama administration policy and Chu's philosophy. That explains the refusal to allow the building of the Keystone XL pipeline and to allow drilling in wide areas of the U.S. and offshore areas.

More here


Anonymous said...

We can't drill our way out of the problem. Similar to how we can't tax our way out our debt problem.

Anonymous said...

of course they are not interested. This administration has gone overboard to look european right down to trashing our economy. The Ohitler senate follows right along

Anonymous said...

810 "trashing our economy"

Are you saying that the dow lost half it's value and the 8 million jobs lost occurred on jan. 20 of 2009? Because I could have swore that happened way before inauguration day.