Secretary of Energy Steven Chu is leaving and in parting, writes this about his time in office and the green energy investments his department made:
“Advances are made with new insights, but the final arbitrator of any point of view are experiments that seek the unbiased truth, not information cherrypicked to support a particular point of view. The power of our work is derived from this foundation.”
Fine sentiments but they won't bring back the half billion that Mr. Chou's department advanced to Solyndra. Or, for that matter, the next generation of such bad guesses. According to the Bloombergstory, in his parting letter to Energy Department staffers, which runs to 50 paragraphs, Mr. Chou says that he would like to
“return to an academic life of teaching and research, but will still work to advance the missions that we have been working on together for the last four years.”
And, it appears Mr. Chu is still on the case. Gasoline prices are now higher than they have ever been at this time of year. In 2008, Mr. Chu famously urged that
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Now the country will, somehow, have to find a way to get along without him.