Gasoline: As pump prices hit $4 a gallon, Energy Secretary Steven Chu admits the administration has no interest in bringing them down. Is it any wonder Democrats are growing increasingly agitated with this White House?
At a hearing this week, Rep. Alan Nunnelee, R-Miss., specifically asked Chu if "the overall goal" of the administration is to "get our price down." Chu's answer was no.
In fact, he said that "somehow we have to figure out how to boost the price of gasoline to the levels in Europe," which are in the neighborhood of $8 a gallon.
No, wait. That's what Chu said about gasoline prices back in 2008, shortly before he took the Energy Department's helm. What he really said was "the price of gasoline over the long haul should be expected to go up."
Read more: http://news.investors.com/article/602761/201202291845/obama-is-not-fighting-to-lower-gas-prices-.htm
At a hearing this week, Rep. Alan Nunnelee, R-Miss., specifically asked Chu if "the overall goal" of the administration is to "get our price down." Chu's answer was no.
In fact, he said that "somehow we have to figure out how to boost the price of gasoline to the levels in Europe," which are in the neighborhood of $8 a gallon.
No, wait. That's what Chu said about gasoline prices back in 2008, shortly before he took the Energy Department's helm. What he really said was "the price of gasoline over the long haul should be expected to go up."
Read more: http://news.investors.com/article/602761/201202291845/obama-is-not-fighting-to-lower-gas-prices-.htm
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