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March 1st, 2012:

White House Wants to Keep Gasoline Prices High

American Energy Coalition - March 1st, 2012

U.S. Secretary of Energy Stephen Chu told members of Congress this week that the administration does not have a goal of bringing down the price of gasoline, according to an article by The Foundry.

The article recounts Chu's appearance before Congress on Feb. 28, 2012. "Chu delivered those stunning remarks in testimony before Congress yesterday," the article states. "When Rep. Alan Nunnelee (R-Miss.) asked Chu whether it's his 'overall goal to get our price' of gasoline lower, Chu said, 'No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy.'"

The Obama Administration is seemingly doing everything it can to make paying for energy even more painful by refusing to open access to the country's oil and gas reserves and blocking new projects that would lead to the development of more energy in America, the article states. "Case in point: the president's decision to say 'no' to the Keystone XL pipeline, a project that would have delivered hundreds of thousands of barrels of oil from Canada to Texas refineries, while bringing thousands of jobs along with it," the article states.

The article notes that President Barack Obama last week spoke on the subject and attempted to deflect blame for the pain. "He said that there is no quick fix to high gas prices and the nation cannot drill its way out of the problem, but as Heritage's Nicolas Loris writes , the president ignored reality and dished out a series of half-truths. Among them, the president claimed oil production is at its highest in eight years, that increasing oil production takes too long, and that oil is not enough. Loris writes that while production is up on private lands, unrealized production on federal lands and offshore could have yielded even more output, increasing supply and driving down costs. If the president had said 'yes' to Keystone, oil could have reached the market quickly."

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