Friday, January 05, 2007

Policy makers willing to look beyond oil price slide

As spot and futures prices for crude oil -- $55 per barrel at this writing -- continue to slip due largely to warm weather in the eastern U.S. and parts of Europe, how much of a long-term vision will policy makers have in assessing the most productive ways to inspire sustainable energy investments? If they think lower energy prices negate the need, forward-thinkers need to stand up and persuade them otherwise.

$55 is an 18-month low on the New York Mercantile Exchange. Analysts agree the warm weather has more than offset recent OPEC production cutbacks. Pelosi said Democrats will work, according a Reuters report, to create "a new America that declares our energy independence, promotes domestic sources of renewable energy, and combats climate change."

oil prices, OPEC, renewable energy, Congress, Pelosi,


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