PHOENIX, March 21, 2012- Obama’s Energy Secretary, Steven Chu, made a fool out of himself yesterday at a congressional hearing on Oversight and Government Reform, specifically relating to the rising price of gas.
Chairman of the House committee on Oversight and Government Reform, Rep. Darrell Issa, asked Secretary Chu if he would grade himself with an “A minus” on “controlling the cost of gasoline at the pump.”
To somewhat of a non-shocking answer, Chu said, “The tools we have at our disposal are limited, but I would I say I would give myself a little higher in that since I became Secretary of Energy, I’ve been doing everything I can to get long-term solutions.”
Chu would give himself a better grade than an “A minus”?
Now I say his answer was non-shocking, because the Obama administration doesn’t take the blame for anything that currently goes wrong with the country, especially when it relates to gas prices. Remember, it’s all Bush’s fault.
Back in 2010, Obama strongly flexed his anti-oil muscle, when he instituted a sixth-month moratorium on deepwater and shallow drilling. The price of gas was only $2.73 per gallon at the time of Obama implementing the moratorium.
Plus it was ABC News that reported just this week that the average cost for a gallon of gas hit $3.87, the highest price ever recorded in the month of March.
Besides that staggering new high, the average price per a gallon of gas was just $1.89 on January 20, 2009. Nearly three years from then, the average price was $3.45.
Today we are seeing nearly five or six dollars per a gallon of gas in some major metropolitan cities.
Nonetheless, Chu’s self-grade was not only blatantly dishonest, but he has in the past said that his goal isn’t to lower the price of gas, but to “decrease our dependency on oil.”
“No, the overall goal is to decrease our dependency on oil, to build and strengthen our economy,” Chu replied. “We think that if you consider all these energy policies, including energy efficiency, we think that we can go a long way to becoming less dependent on oil and [diversifying] our supply and we’ll help the American economy and the American consumers,” Chu finished.
Chu’s comments were likely to show support of the Obama administration’s ‘green energy’ policy, that has basically become a campaign bundler payback program. (See Solyndra and Solazyme. Two great textbook examples of Obama’s crony ‘green energy’ agenda.)
The Obama administration has spent billions of taxpayer dollars on these so-called ‘green energy’ companies, with most of them resulting in bankruptcy and massive layoffs.
Still Chu is ardently sticking to his guns and saying he and his boss’ policies have helped lower the price of gas and kept the environment safe.
The facts have proven otherwise.
The United States has 1.4 trillion barrels of recoverable reserves of oil — or more than the entire world has used in 150 years. That’s enough to fuel the United States for the next 250 years. Why doesn’t Obama tap these reserves? Plain and simple, it’s all politics.
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