The White House
President George W. Bush
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For Immediate Release
Office of the Press Secretary
May 16, 2001

Remarks by the President on National Energy Policy in Photo Opportunity with Cabinet Members
The Cabinet Room

4:50 P.M. EDT

THE PRESIDENT: Thank you all for coming. Today, the Vice President and the National Energy Policy Development Group made their presentation to me and the Cabinet. This is an extensive report. It provides over a hundred proposals to diversify and increase the supply of energy; innovative proposals to encourage conservation and ways to make sure that we get energy from producer to consumer.

I am really pleased with the work the Vice President and his folks did. This is a very optimistic look at America. It's tough, in that it lays out the problems; it's a direct assessment of neglect. But this great nation of ours, because of our technology, our attitude, our adherence to free enterprise, our willingness to conserve, we're going to solve this problem. And I'm looking forward to making my case to the American people tomorrow and throughout the years.

While there are some -- you know, we can't overcome the fact that we haven't built a refinery in years and we should have. We can make sure -- we can make sure that any entity will not illegally overcharge. And so I'm calling on the FTC to make sure that nobody in America gets illegally overcharged. And we're going to make sure FERC will monitor electricity suppliers to make sure that they charge rates that are fair and reasonable. The Attorney General and I will work with the FTC.

But I'm upbeat about America, I truly am. I think this is a country that is going to show the rest of the world how to deal wisely with energy.

Q Mr. President, let me make it clearer. Are you calling on an FTC and FERC investigation, or are you plainly restating their obligations under the law already?

THE PRESIDENT: I am calling on the FTC to take appropriate action any time there is a complaint against illegal pricing.

Q Is there any evidence, to your mind, that there is illegal pricing now? Is there a reason for an investigation?

THE PRESIDENT: None whatsoever. But should somebody have a complaint, it is the appropriate role of the FTC to look into that complaint.

Q And you feel the same on FERC, sir? None whatsoever?

THE PRESIDENT: Yes, sir, I do.

Q Thank you.

THE PRESIDENT: Well, actually I say that -- FERC has made an analysis and has actually rebated money back to people in the state of California, they have already acted on the notion of reasonable pricing. And we expect FERC to continue to do that, to be vigilant on behalf of the American consumer.


Q Sir, what can you say to Californians suffering through rolling blackouts? How does your plan help them in the short term?

THE PRESIDENT: My plan helps people in the short term and long term by recognizing the problem and by expediting energy development. And what we have done in the state of California is we've worked very closely with the governor, to help the governor permit plants necessary to increase the supply of energy in that big state.

Administrator Whitman and myself and Secretary Abraham heard the call of Governor Davis. He said, help us build plants in the state of California, and we did. And we expedited the construction of plants. And so the quicker supply gets on, the easier it's going to be for the consumers in the state of California. And we will continue to listen and work with the governor of California. We're deeply concerned about the state of California, as we are with the rest of the nation.

But we haven't had an energy policy. Interestingly enough, this is the first comprehensive energy policy probably ever -- certainly in a long time. And I appreciate so very much the hard work. I've told the people of America, if given the chance to be the President, we would address this problem, and we would address it in a comprehensive way.

As I say, there are over a hundred recommendations, over a hundred proposals. And we're going to get after it. This isn't just a report that's going to gather dust, this is an action plan. Because this is an action administration.

Q Mr. President, how will your plan lead to lower prices at the gas pump now?


Q How will it lead to lower prices at the gas pump now?

THE PRESIDENT: Because we recognize that we need more supply. And when you read the report, you'll see that we've laid out constructive ways to make sure that there are more supply available.

I will tell you, there are some who advocate price controls. Price controls do not increase supply, nor do they affect demand. And this is an administration that will take a hard look at the problems. And we'll deal straightforward with the American people, with a plan that is optimistic, it is very hopeful. And it's the right thing to do. And I can't wait for the American people to hear the proposals.

It talks about the ingenuity of America. Ours is a great nation. Ours is a nation that can lead the world in innovative conservation measures. And we provide incentives to do that. Ours is a nation that can explore in technologically friendly ways, and we will show the world how to do so.

But we also have got to recognize our infrastructure is old and stale, and so we've got innovative approaches to be able to move product from one part of the country to another; or natural gas, for example, from outside our borders to inside our borders. And so I look forward to good -- folks taking a good look at this, because it makes eminent sense for the future of the country.

Thank you all very much.

END 4:56 P.M. EDT

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