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U.S. Transportation Secretary Pete Buttigieg Joins Morning Rush

U.S. Transportation Secretary Pete Buttigieg Joins Morning Rush

Newsy
Wednesday, March 09, 2022 10:43:39 PM UTC

Secretary Buttigieg speaks on rising energy costs, the future of electric vehicles, infrastructure and more.

ALEX LIVINGSTON: You have been a vocal advocate of electronic vehicles and long-term, yes that may be an answer to  high gas prices... but what can be done now?

PETE BUTTIGIEG: That's right, today most Americans don't have electric vehicles and that's not going to change overnight, so we're feeling that pain at the pump. When a major oil producing nation gets into a war there will be consequences for global oil markets. It's one of the reasons why the president has taken some of the actions that are available to help blunt the impact of some of those shots. Things like working with other partner nations to release 60 million barrels from the strategic reserves — about half of which came from the United States — to help stabilize those global oil prices. At the same time, there's no getting around it. As long as we are reliant on these sources of fuel, we are impacted by this volatility. It could be half a world away and could still hit us in our pocketbook and our family budget at the pump right here in the United States.

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