Wednesday a Senate panel interrogated Big Oil executives about the continually rising prices. A House panel comes next. CBS' Nancy Cordes covered Energy Secretary Sam Bodman's explanation why crude oil in the Strategic Petroleum Reserve is not being pumped to push down prices: it is "meant to be there as a protection for the American people." Cordes gave credit to The Wall Street Journal for its scoop from the International Energy Agency predicting "a massive supply crunch within five years." On ABC, Barbara Pinto (embargoed link) surveyed the lifestyle changes that motorists are already making--carpooling, bicycling, riding mass transit. Gas guzzlers are so yesterday: Ford Motors is scaling back production of pick-up trucks and SUVs and there is a two month wait to buy a hybrid Toyota Prius in Los Angeles and
You must be logged in to this website to leave a comment. Please click here to log in so you can participate in the discussion.