Rising Oil Prices Endanger US Energy Goals: Report

Law360, New York (April 22, 2010, 2:59 PM EDT) -- A new report from Democrats on the U.S. Congress Joint Economic Committee cautions that a recent upswing in oil prices may put an unwelcome crunch on consumers and derail the nascent economic recovery under way in the U.S., possibly leading lawmakers to abandon clean-energy policy goals.

The committee released its report Wednesday ahead of the 40th anniversary of Earth Day, warning that the country has made little progress toward reducing its dependency on foreign oil, particularly in the transportation sector, leaving the entire U.S. economy vulnerable...
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