Apollo Alliance: 'America Is Held Over An Oil Barrel'
12/12/2005 12:41:00 PM
To: National Desk
Contact: Toby Chaudhuri or Jessica Mantooth, 202-955-5665, both for the Apollo Alliance
WASHINGTON, Dec. 12 /U.S. Newswire/ -- Apollo Alliance President
Jerome Ringo today urged the nation to change its course on energy
policy and called on President Bush and Congress to address the energy
crisis facing Americans this winter as low-income families strain to
meet record high costs for home heating. Oil prices are projected to
remain well above $50 a barrel for years to come, according to an
analysis released today by the Energy Department. The analysis
reflected a sharp change from projections a year ago, when the Energy
Department predicted oil prices would decline to $31 a barrel by 2025.
The Energy Information Administration report projects oil will cost
an average $54 a barrel in 2025 and $57 a barrel in 2030. Crude oil
prices have hovered around $60 a barrel this year, soaring as high as
$70.
"America is held over an oil barrel. We need to work together to
provide new energy to hope and think big again," said Ringo. "We are
calling for a movement for energy independence from foreign energy
sources. President Bush and Congress must invest in clean energy
technology and new infrastructure that will create new jobs and make
our country a leader in innovation again."
The Apollo Alliance has a 10-step national agenda to create energy
independence by the year 2015. The alliance represents a coalition of
national security, labor, environmental, civil rights and business
leaders who are fighting for energy independence from foreign energy
sources.
Ringo joined Senate Minority Leader Harry Reid (D-Nev.), Sen.
Hillary Clinton (D-N.Y.), Sen. Chuck Schumer (D-N.Y.) and Gov. Edward
Rendell (D-Pa.) in New York's Times Square today to discuss the Apollo
plan and the urgent need to take action to achieve energy independence.
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EDITOR'S NOTE: Media representatives interested in scheduling an
interview with Apollo Alliance President Jerome Ringo should contact
Jessica Mantooth at jmantooth@ourfuture.org. (http://www.usnewswire.com/)
Source: http://releases.usnewswire.com/GetRelease.asp?id=57994
