Steven Chu, Obama's Secretary of Energy stated:
"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe."
Italy $9.00 /gal.
U.K. $8.67 /gal.
France $7.80 /gal.
Germany $8.10 / gal.
Well Mr. Chu, you're well on the way.
Oil production on federal land fell 11% last year. During the exact same time frame, oil production on private and state-owned land – land beyond the federal government’s grip – grew 14%.
Shortly after Steven Chu professed a desire for European-level gas prices, President Obama named him Secretary of Energy. Italians currently pay about $9.00 per gallon.
The Obama administration imposed a moratorium on drilling in the Gulf of Mexico followed by a “permitorium” with very few permits issued for new drilling. Data from the Energy Information Agency show production in the Gulf of Mexico dropping by 120 million barrels annually from 2009 to 2012.
The Keystone XL pipeline could bring our economy thousands of new jobs and transport 830,000 barrels a day to American refineries. President Obama rejected it.
Drilling plans have historically been approved 73% of the time. For the start of 2012, President Obama has only approved 23%.
And here’s the insane part…
The Obama DOE is not even working to lower prices… And they have no shame in admitting it.
The Politico reported:
The Energy Department isn’t working to lower gasoline prices directly, Secretary Steven Chu said Tuesday after a Republican lawmaker scolded him for his now-infamous 2008 comment that gas prices in the U.S. should be as high as in Europe.
Instead, DOE is working to promote alternatives such as biofuels and electric vehicles, Chu told House appropriators during a hearing on DOE’s budget.
But Americans need relief now, Rep. Alan Nunnelee (R-Miss.) said — not high gasoline prices that could eventually push them to alternatives.
“I can’t look at motivations. I have to look at results. And under this administration the price of gasoline has doubled,” Nunnelee told Chu.
“The people of north Mississippi can’t be here, so I have to be here and be their voice for them,” Nunnelee added. “I have to tell you that $8 a gallon gasoline makes them afraid. It’s a cruel tax on the people of north Mississippi as they try to go back and forth to work. It’s a cloud hanging over economic development and job creation.”
Chu expressed sympathy but said his department is working to lower energy prices in the long term.
Obama has blamed everybody for the high fuel costs. He initially blamed speculators, then it was OPEC, then it was the auto industry, then it was over-consumption, and even to the point of blaming the tsunami that hit Japan. And the sad fact is, the media has only exascerbated the problem by being complicit toward the Obama administration. If the $450 million dollar Solyndra scandal were to have happened under a Republican president, we would be going through the impeachment process as we speak. Not to mention the Lightsquared debacle amongst other Obama green technology ventures that are failures.
By the way, gasoline was 1.92 /gal. when W. Bush left office.