Aerospace Group:

Air Force

Services’ Budgets Squeezed By Oil Spikes

Julie Samuel

Friday, April 19th, 2013

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Military leaders said yesterday their budgets are being squeezed by the volatility of fossil-fuel prices. Senate Armed Services Readiness and Management Support subcommittee Chairwoman Jeanne Shaheen (D-N.H.) noted to the military service vice chiefs how spikes in the cost of oil have created unexpected jumps in their already-tight budgets and impacted their readiness. Her comments came--during a hearing of her subpanel--as some Republicans in Congress continue to push back against Pentagon biofuels-development efforts, which they argue should not be funded…

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