Nobel-laureate Energy Secretary Dr. Steven Chu apparently did not realize that lobbying OPEC on matters like price and production levels falls under his purview:
U.S. Energy Secretary Steven Chu said today that lobbying OPEC on oil production is “not in my domain,” only to retract the statement hours later, citing his “naivete.”
Chu, asked whether he would press the Organization of Petroleum Exporting Countries to refrain from cutting production, said at a forum in Washington this morning that the issue was “not in my domain.”
About three hours later, Chu, a Nobel Prize-winning physicist who was sworn in Jan. 21, said on a conference call with reporters that his comment was a mistake.
“I should be quite candid, it’s more my naivete than anything else,” Chu said. “Every country would want price stability, and certainly I can do what I can do to encourage OPEC countries to promote price stability.”
At least he’s honest. And, presumably, pays his taxes. But maybe Dr. Chu should stick with a subject he knows something about, like Climate Change.
Then again, maybe not.