Climate Quote by Mark Meckler
““the Department of Energy was created, oil cost $14.40 a barrel. It now regularly exceeds $100 a barrel. Even adjusted for inflation, oil is more than twice as expensive today as it was before we had a U.S. Department of Energy. While basic economics may suggest that the rise in the price of oil is””
About This Quote
Source Opinion Piece: Energy Policy Critique, 2022
The Department of Energy's creation coincided with a sharp rise in oil prices, suggesting policy may not lower costs.
In simple terms: DOE's creation aligns with higher oil prices.
Key Takeaway
Question energy policies and seek alternatives.
Themes
energy
policy
economics
Mood
critical
inquisitive
Type
political
economic
When to use this quote
- budget planning
- energy investment
- policy advocacy
Key Concepts
government regulation
market dynamics
inflation
Questions to Reflect On
- What other forces drive oil price changes?
- Can policy truly control commodity prices?
A Different Perspective
Oil price trends are influenced by many factors beyond DOE.
![“I believe [the Department of Energy] should be judged not by the money we direct to a particular State or district, company, university or national lab, but by the character of our decisions. The Department of Energy serves the country as a Department of Science, a Department of Innovation, and a…” quote by Steven Chu](https://sms4smile.com/quotes/img-quotes/5b3/steven-chu-15304_accounts_i-believe-the-department-of-energy-shoul_1292072.jpg)
