Steven Chu: “We want to invest in things which will give the United States the competitive edge.”

President Obama has called for an 'all-of-the-above strategy that develops every source of American energy.'

We think it played a very important part in actually helping not only, you know, innovative companies, but also established companies, in developing a new line of automobiles with advanced technology that get better mileage and are at high…

As the President and I have said, there is no silver bullet, but we can and must pursue a serious, long-term, all-of-the-above approach.

The United States faces a choice: Will we lead in innovation or will we fall behind?