Cheap oil is over
BELFAST (Feb 20): Are we on the brink of an oil crisis?
A close adviser to the Bush administration, an international economist and a former Irving Oil executive who spoke Saturday in Belfast said, unequivocally, yes. And it is the United States, they say, that must lead the way in instituting drastic measures to reduce oil consumption.
A close adviser to the Bush administration, an international economist and a former Irving Oil executive who spoke Saturday in Belfast said, unequivocally, yes. And it is the United States, they say, that must lead the way in instituting drastic measures to reduce oil consumption.
It’s one thing when environmentalists raise an alarm. It’s another matter entirely when the call for federally mandated conservation measures comes from the likes of energy investment banker Matthew Simmons, who advised Vice President Dick Cheney on energy policy.
posted by Oil Shock at 10:22 AM
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