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Energy Analysts: High Gas Prices Here To Stay

Wed, 25 Jun 2008

The Energy Department predicted demand for oil will grow 50 percent over the next 20 years. Wednesday, members of Congress debated whether skyrocketing prices are temporary or a new reality.

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25 Jun 2008Energy Analysts: High Gas Prices Here To Stay

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The Energy Department predicted demand for oil will grow 50 percent over the next 20 years. Wednesday, members of Congress debated whether skyrocketing prices are temporary or a new reality.

Play from 0:01"… Energy analysts who testified at today's hearings say high gas prices are indeed the new reality at least for the next couple of years. Can't of these stock -- her hot dog cart to this Washington DC street corner and a great day. He says the trip is costing her 75 dollars more a week. …" at 0:01
Play from 1:07"… efficiency like support legislation to boost fuel efficiency standards Republicans want more offshore drilling to help boost supply. Perhaps the compromise is to extend those waters under state control. Farther -- compromise the experts testified would …" at 1:07
Play from 1:26"… They might be one part. Oil drilling and two parts for their efficiency gains we would be better off economically environmentally then allowing nothing to happen. …" at 1:26
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27 Aug 2008DNC Uncut: Sen. Charles Schumer

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Play from 1:45"… hair back up Brett. And spraying the bloody proposes. We know what John McCain and his friends in the Senate will do. Because we've seen it's far too many times in the last two years. -- the few times they filibustered important legislation. That changed the direction of this country. When the American people demanded change in Iraq. John McCain added spread sand. No. When you demand that legislation to lower the price of gas. John McCain and it spreads bad you know. When you demanded middle class tax relief. John vacated his friend's dad know. When Barack Obama wins in November. John McCain yes he will will go back to this and it. And he and his friends will go back to saying. No. No …" at 1:45
Play from 0:50"… here today. Will culminate. With millions of Americans. Coming out we'll let Barack Obama -- read it and and Whitbread and it Obama leading the way in 2009. We'll take that next step on bat pad. The road birds that that reports. That George Bush hit John McCain in the air -- in Washington. That for a bit country. But Barack Obama cannot that would allow. Without a strong. Democratic majority in the Senate. Give them basic agenda will be thwarted. By the defenders …" at 0:50
Play from 3:07"… and their allies in the sand. So of course we must elect Barack Obama president. But when we do. We've also buys the land. Any -- are Democrats that this sandy. So we can't help Barack Obama. Lead America on a new course. Now there at seventeen states. They have been seeing. States. Where we have a good chance …" at 3:07
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22 May 2008Gas Giants Grilled On Capitol Hill

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As oil and gas prices soar to new record highs, the industry's biggest executives are getting grilled for record profits.

Play from 0:58"… But that did little to -- Wall Street where anxiety over rising oil prices sent stocks down following a weaker than expected supply report and it may also be unsettling to the millions of drivers getting …" at 0:58
Play from 0:01"… on tap today on Capitol Hill both addressing those soaring oil and gas prices. As crude oil prices continued to -- overnight blowing past 135 dollars a barrel lawmakers on Capitol Hill wonder if there's any …" at 0:01
Play from 0:53"… we can to produce as much product if we can to put downward pressure on prices. …" at 0:53
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