Energy Secretary Warns: ‘We Will Feel These Price Shocks Again’

By Melanie Arter | June 23, 2022 | 10:46am EDT
Energy Secretary Jennifer Granholm (R) speaks alongside White House Press Secretary Karine Jean-Pierre during the Daily Press Briefing at the White House in Washington, DC, on June 22, 2022. (Photo by JIM WATSON/AFP via Getty Images)
Energy Secretary Jennifer Granholm (R) speaks alongside White House Press Secretary Karine Jean-Pierre during the Daily Press Briefing at the White House in Washington, DC, on June 22, 2022. (Photo by JIM WATSON/AFP via Getty Images)

(CNSNews.com) - The nation will see “price shocks” for gas prices again in the future the next time there’s a war, pandemic or hurricane, which is why Americans need to reduce their reliance on fossil fuels, Energy Secretary Jennifer Granholm said Wednesday.

Granholm also blamed Russian President Vladimir Putin for rising gas prices, calling him a “petro dictator.”


“The real truth is that as long as our nation rela- — remains overly reliant on oil and fossil fuels, we will feel the — these price shocks again. This is not going to be the last time. The next time there’s a war, the next time there’s a pandemic or another hurricane, these extreme weather events we are experiencing, they will impact the access that we have to fossil fuels,” she said.

“The only way out of these boom-and-bust cycles is to break that sole reliance, and that means diversifying our fuel sources by deploying clean energy, and that’s why we’re laying a foundation for this clean energy economy with the president’s bipartisan infrastructure law,” the secretary said.

“It’s why the president has invoked the Defense Production Act to increase domestic manufacturing of these key clean energy technologies. It’s why we need federal clean energy tax credits to get the private sector jumping headfirst into these new markets, which will all make us secure both from a national security perspective and an energy security perspective, so that we are not under the thumb of petro dictators like Putin,” she said.

“So we are looking at some significant challenges in the way of ensuring that American people have access to affordable clean energy, but we’re going to use every lever that we have across the federal government to overcome these challenges,” Granholm said.

The secretary is meeting Thursday with major oil refinery executives “to discuss actions that government and industry can take to increase capacity and to safely operate their existing refineries and to overcome the hurdles that are in the way to meeting American — America’s demand and to increase supply.”

MRC Store