First, oil prices reached a four-month high on Friday. Then, prices plunged on Monday. By Tuesday, they reached a two-week low. For observers, the roller-coaster volatility isn’t anything new, but historically, such unpredictable spikes and drops have been known to affect elections. Not this time, though, say National Journal’s Energy and Environment Insiders.
Republicans in both the House and Senate this year have proposed cutting funds for alternative-energy programs in the defense authorization bill. But these efforts won’t gain much traction, National Journal’s Energy & Environment Insiders say.
It might be getting hotter in Washington and across the United States, but the extreme weather won’t do much to heat up congressional action on the issue of climate change next year, most of National Journal’s Energy and Environment Insiders say.