The views expressed in any article published in this blog are the author's own and do not necessarily reflect the views of Joseph Foster or Bob Lupoli.

Wednesday, February 22, 2012

Obama & Chu: gas prices up - you must be happy?

Joe: gas prices are becoming very painful... It seems Obama, Chu, Newt and Barbor all agree – Obama wants gas prices to go up. -Bob

Steven Chu's Europe gas quote haunts President Obama
President Barack Obama’s Energy secretary unwittingly created a durable GOP talking point in September 2008 when he talked to The Wall Street Journal about the benefits of having gasoline prices rise over 15 years to encourage energy efficiency.  “Somehow,” Chu said, “we have to figure out how to boost the price of gasoline to the levels in Europe.”

Rory Cooper  March 21, 2011

Shockingly, Chu did not walk back his comments as he has attempted to do in the past. In fact, he embraced the strategy noting that his focus is to ease the pain felt by his energy policies by forcing automakers to make more fuel-efficient automobiles:

From NBC’s Catherine Chomiak
Gov. Haley Barbour (R-MS) today alleged the Obama administration wants gas prices to go up in order to make alternative sources of fuel more competitive and to reduce pollution.

Then Senator Barack Obama, in 2008, on the prospect of $4 gas:
HARWOOD: So could these high prices help us?
Sen. OBAMA: I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing. But if we take some steps right now to help people make the adjustment, first of all by putting more money into their pockets, but also by encouraging the market to adapt to these new circumstances more quickly, particularly US automakers, then I think ultimately, we can come out of this stronger and have a more efficient energy policy than we do right now.

By TIM MAK | 2/21/12
Pressing the issue of rising pump prices, Newt Gingrich accused the Obama administration Tuesday of actually wanting higher gas costs, pointing to previous comments that now-Secretary of Energy Steven Chu made that suggested American prices should rise to European levels.

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