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US Energy Secretary Comments on Energy Markets

ENERGY

US Energy Secretary comments on energy markets this week in CNN interview:

  • On high gasoline prices - "Just remember, the reason for this surge, though, is, yes, coming out of COVID, but also because when Putin invaded Ukraine, Russia is one of the largest exporters of oil, and all these countries like the United States, Canada, E.U., said we're not going to take Russian oil, that pulled all those barrels off the market." – adding "So supply and demand were way out of match,".
  • "So the president tried to increase supply all at the same time as accelerating our movement to clean energy which is why this whole circumstance is really a foot stomp on why we can't rely on the volatility of fossil fuels,"
  • "Think about energy security. If we really want to be nationally secure, we should be energy secure," - "And that doesn’t just mean oil and gas. That means increasing our ability to deploy clean energy. So we’re not so reliant upon the volatility of fossil fuels, that means the tax credit provisions in this deal will incentivize the deployment of all kinds of clean energy, wind and solar, yes, but also geothermal, nuclear, and there is a whole array of zero carbon technologies that will be incentivized and that’s very good news,"
  • "solar and wind are now the cheapest form of energy."
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US Energy Secretary comments on energy markets this week in CNN interview:

  • On high gasoline prices - "Just remember, the reason for this surge, though, is, yes, coming out of COVID, but also because when Putin invaded Ukraine, Russia is one of the largest exporters of oil, and all these countries like the United States, Canada, E.U., said we're not going to take Russian oil, that pulled all those barrels off the market." – adding "So supply and demand were way out of match,".
  • "So the president tried to increase supply all at the same time as accelerating our movement to clean energy which is why this whole circumstance is really a foot stomp on why we can't rely on the volatility of fossil fuels,"
  • "Think about energy security. If we really want to be nationally secure, we should be energy secure," - "And that doesn’t just mean oil and gas. That means increasing our ability to deploy clean energy. So we’re not so reliant upon the volatility of fossil fuels, that means the tax credit provisions in this deal will incentivize the deployment of all kinds of clean energy, wind and solar, yes, but also geothermal, nuclear, and there is a whole array of zero carbon technologies that will be incentivized and that’s very good news,"
  • "solar and wind are now the cheapest form of energy."