Dirty Greek - Oil Prices Continue To Rise; Congress Hears About Peak

Master Shake told me to go in the freezer because there was a carnival in there. There was no carnival, it was a damn freezer! I got freezer burn, and I got mushed up against that chicken.

- Meatwad

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Dirty Greek - Oil Prices Continue To Rise; Congress Hears About Peak

Environment : Oil Prices Continue To Rise; Congress Hears About Peak

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US Congressman Roscoe Bartlett of Maryland, Chairman of the Projection Forces Subcommittee of the Armed Services Committee, gave a talk to the rest of Congress about 'peak oil.' It's good to see a Congressman actively taking part in this situation, because it's obviously something that needs to be dealt with, and SOON.

That talk was given on Monday, March 14, 2005. On Wednesday, March 16, The US Senate defeated a bill 51-49 that would have prevented drilling for oil in the Alaskan Wildlife Refuge (ANWR), which I've already explained is some sort of ploy, since it will only generate 1.34 years worth of oil. Don't worry, though! The Arctic Power Companies who stand to benefit hugely from ANWR drilling say everything will be just fine. Shhhhhh, don't worry little ones.

Also on Wednesday, OPEC agreed to increase supplies of oil by 2 percent in order to offset the quickly rising costs of oil (now up to $55-$57) per barrel average. The scary thing is, they're talking about upping supply even more already today, because prices are continuing to rise.

In other words, don't think you'll be driving as much in the near future. It's not even Summer yet.