Saturday, April 02, 2005

Oil prices keep barreling upward - The Washington Times: Business - April 02, 2005

Oil prices keep barreling upward - The Washington Times: Business - April 02, 2005

This is another story that always surprises me too. Given that we have had a national phobia about energy development, why should it surprise anyone that the price for a resource that is presented as becoming scarce would increase? What would drive the price of crude down would be President Bush's announcement that we are beginning a "Manhattan Project" for energy independence in the US with the goal of being self sufficient within the next 25 years. A goal both doabe and worthy.

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