HEARING 5/11: The Future of Oil - Peak Prices, Peak Production, Piqued Consumers
MEDIA ADVISORY FOR WEDNESDAY, JUNE 11th, 9:30 AM
Contact:Select Committee, 202-225-4081
Oil Hearing: Peak Prices, Peak Production, Piqued Consumers
Select Committee to Discuss “The Future of Oil”
WASHINGTON (June 9, 2008) – As prices at the pump reach record levels on a daily basis, many consumers and analysts are asking the same questions: How bad could prices get? And what policies are needed to address America’s oil crisis?On Wednesday, June 11, Chairman Edward J. Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming will examine the long term prognosis for oil’s global supply and demand, and what solutions could be implemented to reduce demand and decrease prices.
A barrel of oil reached a new record price on Friday, and many analysts are saying $200 oil is a potentially imminent threat. Yet our own government energy analysts are saying oil could slide back to $50 a barrel, and supplies could increase, even as the private sector disagrees. The Select Committee will discuss this disconnect, as well as the global warming concerns of non-traditional oil retrieval methods like oil shale and oil sands.
WHAT: Select Committee Hearing, “The Future of Oil.”
WHEN: Wednesday, June 11, 2008 at 10:00 AM
WHERE: 1300 Longworth House Office Building, Washington, DC
and on the web at globalwarming.house.gov
WHO:
Guy Caruso, Administrator, Energy Information Administration
Adam Sieminski, Chief Energy Economist, Deutsche Bank
Amy Myers Jaffe, Energy Studies Fellow at the James Baker Institute for Public Policy
Athan Manuel, Director of Land Protection Programs, Sierra Club
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The House Select Committee on Energy Independence and Global Warming was formed by House Speaker Nancy Pelosi (D-CA) to increase the visibility and priority given to America's oil dependence and global warming challenges. It is chaired by Rep. Edward J. Markey (D-MA) and will actively explore the solutions, science and progress on these pressing issues during the 110th Congress.
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