What Does White House REALLY Think Of High Energy Prices?
Duct tape alert! Be prepared when you read what the White House really thinks about high energy–and gas–prices. You may want to wrap some tape around your skull so it doesn’t explode.
Energy Secretary Stephen Chu, who has already become a ‘whipping post’ of the Obama Administration when it comes to the controversies of hundreds of millions of dollars poured into failed green energy companies, has let it slip that the White House is not interested in lowering gas prices!
In testimony before a House sub-committee, Chu admitted the White House views high energy prices as feature. From the Yahoo news report:
“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.”
Read that line again. And check out this item from the Politico. This is not the first time Chu has echoed government policy. He once told Chris Wallace of Fox News less than two years ago, US gas prices should be as high as those in Europe. The Heritage Foundation points out this is typical of Obama Administration policy; ‘hammering’ Americans with high gas prices to force them into hybrids, electric cars, and other unproved sources of energy. The Foundation also points out that these unproved alternative energies cannot and have not, stood the test of the market–in other words, they cannot reliably and affordably replace oil. Many Americans cannot afford to plunk down over $40,000 for cars that cannot deliver the performance of current gasoline models. The Volt has had safety issues, the battery doesn’t deliver the promised charge life, and there are actually many models that deliver a far greater fuel range whether electric or gas. the Nissan Leaf has had a much better performance record, but the price is still prohibitive.
The Heritage Foundation and other critics point out that the GOP has begun to seize upon Chu’s admission, even Yahoo reports this could be a big problem for Obama come November, especially if gas prices rise higher, and stay there.