Action needs to be taken now to head off a future crisis.
This administration needs to develop a comprehensive energy policy. We need to release a portion of the strategic oil reserves to stabilize oil prices and keep up the pressure on OPEC to increase production. In March, The Wall Street Journal reported that electric rates in the Northeast could go up as a result of rising fuel costs. First, it was skyrocketing home heating oil prices, now it is rising gas prices and next will be higher electric rates. The administration didn t have a plan last winter and it doesn t have a plan now.