Thursday, May 26, 2022

Energy Secretary Jennifer Granholm: High Gas Prices Are an “Exclamation Point” for the Urgency to Transition to Clean Energy


Daily Wire: Energy Secretary Jennifer Granholm said that soaring gas prices are a major reason why the U.S. economy must transition away from fossil fuels and toward green energy. Speaking to reporters during a press conference in Golden, Colorado, announcing a $38 million investment by the Department of Energy to “decarbonize” its National Laboratories, Granholm said that continuing concern about rising prices at the pump was an “exclamation point” on the need to accelerate the transition away from fossil fuels (Daily Wire). 

The Hill: Acknowledging that “global events are impacting how high the gas prices are,” she pointed out that this will not likely be a one-time scenario without long-term solutions. “When China comes back, or opens up after COVID, people will be driving, that will be a pull on demand — you’ll see an upward pressure on prices,” she said. “When the EU [European Union] actually does ban Russian oil and gas, which they are contemplating doing, that too will create an upward pressure on prices because of the Russian oil that is pulled off the market” (Hill). 

CNN: President Biden is “obsessed with the fact that gas prices are so high and people are hurting,” Energy Secretary Jennifer Granholm said following a rare tour of the Strategic Petroleum Reserve (Twitter).


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