The Institute for Energy Research is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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February 1, 2013

IER Statement on Secretary Chu's Resignation

February 1, 2013
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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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