$10-a-gallon Gas?
The Bear on Dec 22 2008 at 3:41 am | Filed under: Energy Policy
Enjoying the $1.67-a-gallon gas for your holiday travels? Well, enjoy it while you can because the guys President-elect Obama is appointing in key positions want gas prices to be much higher.
Let’s start with his Secretary of Energy, Dr Steven Chu. From our friends at the National Taxpayers Union:
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“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Here is the original WSJ source. Chu has also been quoted saying, “Coal is my worst nightmare.”
For Department of the Interior, Obama selected Senator Ken Salazar, D-Colo. Back when gas was four dollars per gallon, it was Salazar on the Senate floor who would be perfectly okay with $10 per gallon gas.
Granted, Salazar’s complacency with $10 per gallon gas was in objection to drilling in the United States, calling it a phantom solution. But one sure way for gas to reach these astronomical prices is to restrict supply. And the amount of energy available offshore, 19.1 billion barrels of oil and 83.9 trillion cubic feet of natural gas—approximately 30 years’ worth of imports from Saudi Arabia and enough natural gas to power America’s homes for 17 years, is nothing to sneeze at:
So we have two men, heading up two extremely important energy departments, supporting gas prices in the upward bounds of $10 per gallon. Happy holidays!
The Institute for Energy Research has the full scoop on Salazar here.
Obama Interior Pick Will Have “Plenty to Say” on When, Whether American Economy Can Make Its Way Back
Institute for Energy Research president Thomas J. Pyle issued the following statement today after the president-elect formally announced his intention to nominate U.S. Senator Ken Salazar (D-Colo.) to serve as our nation’s 50th secretary of the Interior:
“As a cabinet officer soon to be charged with managing one of every five acres of land in the United States, along with nearly two billion acres of submerged land offshore, Senator Salazar will have a crucial role to play in strengthening our country’s energy security. He’ll also have plenty to say on whether access to affordable, reliable energy continues to be available to all Americans. We congratulate Senator Salazar on this important nomination, and look forward to working with him to ensure his office diligently works toward these goals.
“Senator Salazar’s legislative record suggests these twin national priorities of energy security and affordability may end up playing second fiddle to the desire to lock these resources away. As a Senator, Salazar has been a persistent critic of granting basic energy access to the people of this country who own it, whether that energy resides under Alaska’s North Slope, Colorado’s Roan Plateau, or in massive deepwater reserves far offshore. That will have to change if our economy has any hope of making a full and swift recovery.
“Never before in our nation’s history has the role of Interior Secretary been as central to the long-term health and well being of our country. It’s our hope that Senator Salazar comes to understand the gravity of this new role, better appreciate the benefits of expanding access to reliable energy sources, and fully consider the consequences we can expect for choosing not to.”
The facts on Sen. Salazar:
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