Policies, priorities of Steven Chu’s energy department have benefitted our global competitors, intensified the economic pain felt by millions of unemployed Americans
IER Statement on Secretary Chu’s Resignation
WASHINGTON D.C. — IER Senior Vice President Daniel Kish released the following statement today in response to the announced resignation of Energy Secretary Steven Chu:
“As Secretary Steven Chu leaves the Department of Energy, it is important to measure his tenure by his record. Under his watch, energy consumption in the United States declined by
2.24 percent while our leading economic competitor, China, increased energy consumption by
28 percent. Similarly, GDP growth in the United States has limped along at the anemic annual rate of
0.6 percent while China’s economy has soared at the annual rate of
9.12 percent, more than 15 times our own. Clearly, the policies and priorities of Steven Chu’s energy department have benefitted our global competitors and intensified the economic pain felt by millions of unemployed Americans.”
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The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
