Obama Set On Curbing Gas Costs, Oil Speculation: Chu

Law360, New York (March 8, 2012, 5:20 PM EST) -- U.S. Department of Energy Secretary Steven Chu on Thursday touted President Barack Obama's “all-of-the-above” strategy for diverse energy development, telling lawmakers Obama is also focused on lowering gasoline costs and curbing speculation to stop unnecessary hikes in oil prices.

In his latest defense of the DOE's proposed $27 billion budget, Chu tackled questions from a House Energy & Commerce subcommittee on controversial energy topics, from Solyndra LLC to high gasoline prices to a comment he made before he became energy secretary that he wanted to boost...
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