Tag Archives: stephen chu

Obama Administration to Congress: We’re not interested in lowering gas prices – UPDATED

Secretary Chu: The Energy Department is not working to get gas prices down.

It is amazing when they let the truth out. President Obama’s Energy Secretary Stephen Chu gave an honest answer when he gave a direct answer to a direct question in testimony to Congress:

Chu specifically cited a reported breakthrough announced Monday by Envia Systems, which received funding from DOE’s ARPA-E, that could help slash the price of electric vehicle batteries.

He also touted natural gas as “great” and said DOE is researching how to reduce the cost of compressed natural gas tanks for vehicles.

High gasoline prices will make research into such alternatives more urgent, Chu said.

“But is the overall goal to get our price” of gasoline down, asked Nunnelee.

“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.”


Mark Levin plays some more of Secretary Chu’s testimony where he makes it clear that the Obama Administration intends to drive up prices by limiting future supply: