2024-07-18 4:12 PM

The Peak Oil Crisis: The Great December Bailout

While waiting to see just how much OPEC says it will cut production next week, and then a couple of months more to see how much they actually cut, the crisis of the week is Washington’s bail-out of Detroit.

Congressman Jim Moran’s News Commentary

As you know, the Bush administration sent Congress a request last Saturday for $700 billion to bail out the financial industry as we face the worst financial crisis since the Great Depression.