Just a couple of weeks ago, Energy Secretary Stephen Chu disavowed any interest in lowering gas prices:
“But is the overall goal to get our price —”, asked [Rep. Alan] Nunnelee, who didn’t finish the sentence.
“No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy,” Chu replied.
That, of course, was wholly consistent with Chu’s long-standing position that gas prices ought to be as high here as in Europe. His policies seem to be working:
But now someone has finally reeled Chu in, pointing out that his let-them-eat-
cake-alternative-fuels policy is utterly insane, politically speaking. Now Chu has renounced that position.
That’s what he says, anyway, but this is an election year. Don’t you believe a word of it. Once re-elected, that bunch will go back to doing everything they can to drive up gas prices.
In fact, other than Chu’s testimony, is there any reason to believe they have actually stopped trying to drive up prices? Has President Obama reversed his rejection of the Keystone XL pipeline, or stopped slow-walking drilling permits? Has he opened up the continental shelf to oil exploration? Has he done anything?