WASHINGTON - U.S. Energy Secretary Steven Chu said on Wednesday he will encourage OPEC to promote stable crude oil prices, as the producer group prepares for its March 15 meeting.
"Price stability for oil prices is good around the world. Every country would want price stability," Chu said in telephone conference call with reporters. "Certainly, you know, I can do what I can do to encourage OPEC countries to promote price stability."
Energy Department press secretary Stephanie Mueller later said Chu "will continue to encourage OPEC nations to avoid price spikes."
She said Chu "believes our primary focus should be making our country energy independent through investments in efficiency and renewable energy -- investments that will create millions of new jobs while freeing us from the grip of foreign oil."
"Price stability for oil prices is good around the world. Every country would want price stability," Chu said in telephone conference call with reporters. "Certainly, you know, I can do what I can do to encourage OPEC countries to promote price stability."
Energy Department press secretary Stephanie Mueller later said Chu "will continue to encourage OPEC nations to avoid price spikes."
She said Chu "believes our primary focus should be making our country energy independent through investments in efficiency and renewable energy -- investments that will create millions of new jobs while freeing us from the grip of foreign oil."
