Monday, April 6, 2009

The lull of cheap oil (continued)....

An article from CNN Money about factors that could cause a spike in oil prices in the months to come:

"We've never had a real, long-term strategy to address the energy problem," said Bruce Vincent, vice chairman of the Independent Petroleum Association of American, an industry trade group. "We need to have a comprehensive strategy that works for America."

Absent more aggressive policies dealing with both our supply and demand, the people in Western Pennsylvania who have worked in this industry for decades know exactly what will happen once the economy recovers.

"We'll be short of fuel," said Cline. "The price will skyrocket."

And America will be shocked... shocked when it happens.

[LINK]
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