Political Quotes

“we must have both had our eyes drawn to the same article in USA Today that ran where it talks about the debate brews. Has oil production peaked? As my colleague has pointed out, there are those that would advocate that say we have not reached the peak yet, that I think one of the authors or one of the people quoted in here says we have run out of oil five times since 1890 and we always find additional sources. But it also goes on to say that the only debate should be over when we peak, not whether we will or will not peak. It is going to happen. And as we have seen over the last 12 months, especially the last 6 months, all of the indications are that we are going to continue to feel significant stresses with oil prices and the demand for oil. With gasoline at one time having been close to $3 a gallon, now being back in the $2 and a half range, you know, we can see that perhaps at least for the short term some of the problems have been alleviated. But that only provides us what I believe is a short window, a very small window of opportunity for Congress and the United States to address this issue. We know that our demand is going to continue increasing. We know that global demand is going to continue increasing, especially for two significant countries like China and India coming on-stream, their demand for fossil fuels is going to increase dramatically.…”