And Gas prices keep rising...

The Congressional Budget Office just released a report entitled "China's Growing Demand for Oil and Its Impact on U.S. Petroleum Markets." This 58-page paper discusses how the growing demand for oil in China will effect the supply and cost of oil in the United States. The Congressional Budget Office writes reports on the costs to the federal government of every bill reported by a Congressional committee. This report is an example of an analytical study, produced at the request of Congress.