Skip to comments.GOP Approach to Energy Belittled
Posted on 02/25/2012 9:26:59 AM PST by John Semmens
U.S. Secretary of Energy Steven Chu vigorously assailed what he labeled the GOPs simplistic approach to energy policy. They are fixated on the notion that increased supplies are the answer. They would have the American people believe that increased supplies will improve availability of gasoline. Well, Ive got news for them. Americans arent as stupid as they think.
Chu mocked Republican presidential candidate Newt Gingrichs promise to roll back gasoline prices to $2.50 per gallon, calling it an attempt to turn back to the failed policies of the past. The crux of this Administrations efforts on the energy front have been aimed at dampening demand for fossil fuels. If we can get the price of a gallon of gas up to the $7 or $8 level that has been attained in Europe Im confident that demand will fall to more manageable levels in this country.
Fuel price trends seem to indicate that the Obama Administrations efforts to boost the cost of burning fossil fuels has been at least partially successful. The price of a gallon of gasoline averaged $1.80 when Obama took office in January of 2009. Recently, the price per gallon has reached nearly double that amount. Administration experts say that a price of $5 per gallon by Labor Day is achievable if present policies can be maintained.
Its not as if we havent been trying to provide options, Chu added. For the near term, were subsidizing the Volt so people can drive responsibly. And for the long term, were investing in high-speed rail and public transit. Ultimately, the need to own and operate ones own vehicle will become a thing of the past.
The Secretary expressed confidence that voters would appreciate the Presidents vision of a future where unnecessary travel is brought to a minimum and the vast majority of Americans will rely on safe and environmentally friendly public carriers for the trips they absolutely have to make.
Chus confidence was echoed by Democratic National Committee Chairwoman, Representative Debbie Wasserman Schultz (Fla). All the Republicans have to offer is more drilling, she pointed out. The abundance of supplies and low prices that they preach are out-of-step with our long-term goal of weaning this nation off of fossil fuels and the unnecessary travel they enable.
if you missed any of this week's other semi-news posts you can find them at...