A new strategy for a new energy secretary

Steven Chu, a Nobel-winning scientist, was a secretary for a different era.

Friday’s column, available on houstonchronicle.com:

We need a change of plan.

As President Barack Obama searches for a replacement for Steven Chu, who said last week he would step down as energy secretary, he needs to search for a new energy strategy as well.

After four decades of policies based on a scarcity of energy resources, we need a plan that capitalizes on abundance, that recognizes the tremendous fortuity that increased domestic production represents.

“There’s a tectonic shift in terms of the opportunity,” said Stephen Arbogast, a University of Houston finance professor and former Exxon Mobil executive. Rising domestic production “really is medicine for a lot of ills we’ve struggled with for decades.”