daniel yergin is chairman of ihs cambridge energy research associates here in washington. mr. frank verrastro is the senior vice president and director of energy and national security program for the center for strategic and international studies here in washington. dr. paul horsnell is the managing director and head of commodities research with barclays capital in london. thank you all very much for being here. if you could each take whatever time you think is necessary to make the points that you think we need to understand, your full statements will be included in the record as if read. dr. gruenspecht. >> thank you, mr. chairman, ranking members of the committee. i appear the opportunity to appear before you. we are the statistical and analytical agency within the department of energy. our views should not be construed as representing those of the department or other federal agencies. prices for all petroleum products have ris i don't know in recent months but gasoline prices are of particular concern to most consumers. the national average price of regular gasoline averag

he is joined by hormats and daniel yergin. it is an hour and a half. >> good afternoon. via i m the editor of "foreign policy" and i'm delighted to welcome you to this sneak preview of david rothkopf's new book "power, inc.," the epic rivalry between big business and government and the reckoning that lies ahead. we're happy to see you here on a rainy afternoon. thank you for that. this should be a terrific -- the book does not come until march 1st. you are the debut audience and i am going to use the debut title among many titles and this is probably the first public event in which i can introduce him not only as my friend and colleague at "foreign policy" where he has been riding a great blog for the last three years but as the ceo and editor at large so we are delighted not only to welcome you today but also to welcome -- it is the first case of a blocker turned ceo. his other title and the reason you are here today is author as well. this is not by any means his first book but the latest in a long string of great hits and in recent years he has written superclass:the

daniel yergin is the chairman of on dhs cambridge energy research associates here in washington. mr. frank verrastro of national security programs for the center for strategic and international studies here in washington. dr. paul horsnell is the managing director and head of commodities research with barclays capital in london. thank you very much for being here coming and if you could each take whatever time you think is necessary to make the points you think we need to understand, your full steegmans will be included in the record as if read. dr. gruenspecht? >> thank you mr. chairman, ranking member murkowski and members of the committee i appreciate the opportunity to appear before you, the energy administration is that statistical analytical agency within the part of energy because they do not promote or take positions on policy issues and has independence with respect to the information it provides to read it shouldn't be construed as representing those in the department or other federal agencies. prices for all petroleum products have risen in recent months but gasoline p