Lawmakers: US Should Prepare for Global Oil Flow Peak

While there is disagreement about when world crude oil production will hit its peak, the US should begin preparing for it now, two US House members told an Energy and Commerce subcommittee hearing on Dec. 7.

Reps. Roscoe G. Bartlett (R-Md.) and Tom Udall (D-NM) led off the hearing before the Energy and Air Quality Subcommittee because they lead the House Peak Oil Caucus, which has six other members.

“We started it to bring immediate and serious attention to this issue. The continued prosperity of the United States depends on its ability to act on this,” Udall explained.
Oil & Gas Journal