Chu: My Job is to Take the Pain Out of High Gas Prices
Reduced demand in Japan combined with uncertainty in Libya has caused short-term instability in the price of gasoline globally, but it’s nearly impossible to mitigate the long-term effects without changes in energy policy, President Obama’s point-man on the topic said Sunday.
Energy Secretary Steven Chu, who in 2008 called for ramping up gas prices to those comparable to Europe in order to coax Americans toward green energy, said that as head of his department, he’s working on “developing methods to take the pain out of high gas prices.” (FoxNews.com)
The Administration needs to stop promoting foreign energy sources and equipment suppliers and get on with the job of encouraging (at least not obstructing) domestic supply, transport and refining capacity.
