Monday, May 01, 2006

Energy Secretary: up to three years of fuel pain - The Energy Equation -

The Energy Equation -
"Bodman said on NBC’s “Meet the Press” that the shortfall was a sign of a stronger economy under President Bush, but he acknowledged that, at least for now, “the suppliers have lost control of the market.”

“The oil has gone up because the suppliers are unable to make the flows equal to the demand,” he said. “... Clearly, it’s going to be a number of years, maybe two to three years, before suppliers are going to be able to keep up with those demands.”
Compare this to the article three down from this one about how there is no shortage of oil right now. Interesting, eh?


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