Barreling Toward Disaster
George W. Bush, oilman that he is, has done everything in his power to help the energy industry. He’s trashed environmental regulations, given cushy tax breaks to oil companies, and gotten his Saudi pals to promise lower oil prices by the election. So why are oil prices higher than ever? None other than the Wall Street Journal is suggesting that “peak oil” may be upon us.
September 25, 2004