← Peggy, upon o'cap'n taxes' election: "It was the most memorable time of my life, I...it was a touching moment because I never thought this day would ever happen. I won't have to work out how to put gas in my car, I won't have work out how to pay my mortgage. If I help him, he's gonna help me." (audio quote source: Best Day of My Life)
From: The Heritage Foundation Sent: Friday, March 02, 2012 Subject: Why Does the White House Want to Keep Gas Prices High? ( related: http://radio.foxnews.com )
Why Does the White House Want to Keep Gas Prices High?
VIDEO: Watch President Obama and Secretary Chu describe in their own words their vision of higher energy prices. See the video on YouTube.
VIDEO: Watch President Obama and Secretary Chu describe in their own words their vision of higher energy prices. See the video on YouTube.
video source: http://youtu.be/ma1gwZYw1cY Uploaded by HeritageFoundation on Feb 23, 2012 http://www.foundry.org/gasprices | During a speech on gas prices the President tried to dodge responsibility for the pain Americans are feeling at the pump. But the President and his Administration have repeatedly stated that they want higher energy prices. They want to use the pressure of higher energy costs as an excuse to force their green energy boondoggle on Americans. | In 2006 the Democrats and the media screamed bloody murder over the high price of gas. When Barack Obama was inaugurated, the average gas price was $1.87 a gallon. Now that the price has more than doubled, what are the Democrats and the administration saying now? If you guessed that high gas prices under Obama are somehow a good thing, give yourself a pat on the back. The liberal mindset is always an amazing thing to behold. |
With the national average of gas prices hitting $3.65 a gallon, nearing $6 in some parts of the country, and poised to head even higher, America's families are wondering when the bleeding at the pump will stop. But for Secretary of Energy Stephen Chu, those steep prices aren't even a concern. In fact, he says his goal is not to get the price of gasoline to go down.
[see: Politico article at the bottom of this message. - rfh]
Chu delivered those stunning remarks in testimony before Congress yesterday. When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it's his "overall goal to get our price" of gasoline lower, Chu said, "No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy."
As shocking as his remarks are, they shouldn't come as a surprise. Chu has a long record of advocating for higher gas prices. In 2008, he stated, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." Last March, he reiterated his point in an interview with Fox News' Chris Wallace, noting that his focus is to ease the pain felt by his energy policies by forcing automakers to make more fuel-efficient automobiles. "What I'm doing since I became Secretary of Energy has been quite clear. What I have been doing is developing methods to take the pain out of high gas prices."
One of those methods is dumping taxpayer dollars into alternative energy projects like the Solyndra solar plant. Another is subsidizing the purchase of high-cost electric cars like the Chevy Volt to the tune of $7,500 per car (which the White House wants to increase to $10,000.) In both cases, those methods aren't working. Solyndra went bankrupt because its product couldn't bear the weight of market pressures, and Chevy Volts aren't selling, even with taxpayer-funded rebates. What's the president's next plan? Harvesting "a bunch of algae" as a replacement for oil.
Meanwhile, the Obama Administration is seemingly doing everything it can to make paying for energy even more painful by refusing to open access to the country's oil and gas reserves and blocking new projects that would lead to the development of more energy in America. Case in point: the president's decision to say "no" to the Keystone XL pipeline, a project that would have delivered hundreds of thousands of barrels of oil from Canada to Texas refineries, while bringing thousands of jobs along with it.
Sensing impending political fallout from the high cost of gas, President Obama last week spoke on the subject and attempted to deflect blame for the pain. He said that there is no quick fix to high gas prices and the nation cannot drill its way out of the problem, but as Heritage's Nicolas Loris writes, the president ignored reality and dished out a series of half-truths. Among them, the president claimed oil production is its highest in eight years, that increasing oil production takes too long, and that oil is not enough. Loris writes that while production is up on private lands, unrealized production on federal lands and offshore could have yielded even more output, increasing supply and driving down costs. If the president had said "yes" to Keystone, oil could have reach the market quickly. And as for the president's push for alternative energy, those sources simply cannot stand the test of the market.
There are steps the president and Congress can and should take today to bring down the cost of energy. Namely, end the de facto moratorium on drilling, open offshore areas that are off-limits to drilling, place a 270-day limit on environmental reviews for energy projects on federal lands, remove regulatory delays, and approve Keystone.
As Loris writes, "The market would respond if Congress and the Obama Administration allowed it to work." But Secretary Chu and the Obama Administration are evidently not interested in market-based reforms that bring down the cost of energy. Instead, they're bent on keeping energy costs high in order to placate the environmental left. And now Americans are paying the price.
video source: http://youtu.be/NWfhcWjvVdQ Uploaded by ngingrich | video source: http://youtu.be/F6-E-Gu1Sz0 |
Chu: DOE working to wean U.S. off oil | |
Editor's Note: An earlier version of this story mischaracterized the testimony of Energy Secretary Steven Chu. He did not say that the Energy Department isn't working to lower gasoline prices directly. Rather, when Rep. Alan Nunnelee asked Chu whether the department's "overall goal" is to "get our price ..," Chu interrupted him and said: "No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy," adding that the administration's policies will "help the American economy and the American consumers." The Energy Department is working to decrease U.S. dependence on oil, Secretary Steven Chu said Tuesday after a Republican lawmaker scolded him for his now-infamous 2008 comment that gas prices in the U.S. should be as high as in Europe. DOE is working to promote alternatives such as biofuels and electric vehicles, Chu told House appropriators during a hearing on DOE's budget. But Americans need relief now, Rep. Alan Nunnelee (R-Miss.) said - not high gasoline prices that could eventually push them to alternatives. "I can't look at motivations. I have to look at results. And under this administration, the price of gasoline has doubled," Nunnelee told Chu. "The people of north Mississippi can't be here, so I have to be here and be their voice for them," Nunnelee added. "I have to tell you that $8-a-gallon gasoline makes them afraid. It's a cruel tax on the people of north Mississippi as they try to go back and forth to work. It's a cloud hanging over economic development and job creation." Chu expressed sympathy but said his department is working to lower energy prices in the long term. "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." Chu specifically cited a reported breakthrough announced Monday by Envia Systems, which received funding from DOE's ARPA-E, that could help slash the price of electric vehicle batteries. He also touted natural gas as "great" and said DOE is researching how to reduce the cost of compressed natural gas tanks for vehicles. "High gasoline prices will make research into such alternatives more urgent," Chu said. "But is the overall goal to get our price ..", asked Nunnelee, who didn' finish the sentence. "No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy," Chu replied. He added: "We think that if you consider all these policies, including energy efficiency, you know, we think that we can go a lot, a long way to becoming less dependent on oil and [diversifying] our supply and we'll help the American economy and the American consumers." Tapping the Strategic Petroleum Reserve - as some congressional Democrats have advocated - is on the table but may not fit this situation, Chu added. "Remember that the fundamental reason why we have an SPR is to deal with an interruption in supply," he told reporters after the hearing. "What happened in Libya was an interruption in supply. We're very concerned about what's happening in Iran, and so we're working with the [International Energy Agency]. We're also looking very closely at all these concerns." A DOE spokeswoman later clarified that the department is working with the IEA on monitoring global oil supply and prices, not on a specific release from the reserve. After this story appeared, the Energy Department issued the following response: "This report is false. In the hearing Tuesday, the secretary repeatedly reiterated his concern about the impact that increased prices at the pump are having on families, and that we continue to do all we can to provide relief. That said there are no quick fixes, which is why this administration has taken steps to continue to expand production, dramatically increase the efficiency of the vehicles we drive and invest in alternate fuels - all with an ultimate goal of reducing our reliance on foreign oil and protecting American families from the ups and downs of the international oil market." | |
Copyright 2012 POLITICO LLC Special Guests: Newt Gingrich, presidential candidate Read more: http://www.foxnews.com/on-air/your-world-cavuto/2012/03/02/gingrich-secretary-chu-should-be-fired This is a rush transcript from "Your World," March 1, 2012. This copy may not be in its final form and may be updated. |
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