The climate bill currently before the Senate is doomed by the Republican filibuster. Progressive senators do not have the 60 votes needed to pass the measure which is inadequate to achieve the necessary dramatic cuts in greenhouse gas emissions. Meanwhile the price of oil is rocketing towards $150 a barrel on commodity markets. US retail gas prices could reach European levels of $8.00 a gallon by the end of summer and certainly $5.00 a gallon by the 4th of July.