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Wednesday, May 03, 2006

Powerful Senator Targets "Big Oil" as Culprit for Rising Gas Prices
Peak Oil is ignored as Government is in Denial

Prominent U.S. Senator Charles Schumer, D-NY., is biased towards penalizing "Big Oil" as he believes they are the reason gas prices are so high. When commenting on the $100 rebate to consumers he stated, "The rebate is nothing but a fig leaf," claiming Republicans "won't do anything to go after Big Oil."

Right now many members of Congress are in denial about the realities of Peak Oil and use "big oil" as the scape goat. However, penalizing the oil industry by passing anti-oil legislation in Washington will only exasperate the problem.