Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.
John W. SnowWe promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
John W. SnowAnd we have abundant natural energy resources in the country. We haven't been taking adequate advantage of them, and we can burn coal in a clean way; we could improve the grid.
John W. Snow