PepsiCo CEO Nooyi slams Washington's energy policy

PepsiCo Inc Chief Executive Officer Indra Nooyi criticized Washington on Wednesday for not doing enough to counter the soaring cost of oil.

"I don't think in recent years we've seen such a sudden ramp-up in energy costs,"Nooyi said at a discussion at a conference hosted by The Wall Street Journal.

"What is particularly worrisome is, given the spike in energy costs ... I don't see anybody in Washington or anywhere saying 'Look, this energy crisis is the biggest one we've had, let's really put the best people to work on figuring out how to reduce the country's dependence on oil.'"

Nooyi called it "a little surprising"that more progress had not been made on the issue, given how broad the pain of high oil prices extends.