The agency charged with "ensuring the integrity of the futures & options market," has accused Optiver Holding of manipulating the prices of crude oil, heating oil and gasoline futures on the NY Mercantile Exchange.
Everyone seems to assume that if we drill for oil in the US, we will get the oil and won't be dependent on foreign oil anymore. But we won't get anything, Exxon-Mobil will.
With the eyes of the world, and the U.S. media, trained intently on Obama during his week-long tour of the Middle East and Europe, for McCain, there is the question of what to do while all this is going on.
Ray McGovern, former CIA officer, addresses the questions: who is going to own Iraq's oil, and how will a strategic change affect the real players in the area?
This year, they are rewarding John McCain more heavily than any other politician in America. So far they've given him more than any two senators combined, a whopping $1,010,868.
If you read closely, you'll notice Bush did not explicitly claim that coastal drilling would significantly lower the price of the gas -- because it won't.
Though McCain's plan for offshore drilling will not ease the energy crisis, it is dandy patronage for the oil industry, who will be able to make nice profits from extracting and selling the 200,000 barrels per day.
Big Oil makes more money when prices go up and that money is nicely spread among its allies in Congress. Trusting these guys is like trusting your neighborhood pusher.
Lost amongst all the "solutions" to the energy crisis lies the fact that the energy crisis is simply one component of a much broader ecological crisis.
Rather than scour the world for oil that is increasingly expensive and difficult to get, we can jumpstart automakers to build a fleet of plug-in hybrid and electric vehicles that get in excess of 100 mpg.
"Proposing to drill for small amounts of oil that will be sold to China as a solution to our rising gas prices makes about as much sense as responding to an attack from Afghanistan by invading some other country."
The people of Alaska are still feeling the financial impact of the spill nearly 20 years later, long after the three-year period covered by compensatory damages in the case.
Teamster President James P. Hoffa put his union solidly back on the side of the premise that the future of both America's economy and its environment lies in a new, clean economy.
Public transit ridership is at its highest level in 50 years. Forget Drilling. We're walking and riding. We drove 1.4 billion fewer highway miles in April 2008 than we did in April 2007, the first drop in 30 years.
More people are now moving past the denial stage and are beginning to consider intelligent responses to the env=ergy problems we will face in the coming decades.
No wonder there's only one reporter waiting for McCain in New Hampshire. While McCain's team has been compiling YouTube wannabe video montages, Obama's plan for Iraq was endorsed by the country's prime minister.
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O. says "use the $1000 tax credit to offset the cost." That's way more effective, both in offsetting the cost and encouraging conservation/alternatives.
Really - this is whatDemocratic "operatives" think, is it?
"Dem operatives about this last week, and I heard the same thing several times: Voters aren't sophisticated enough to understand anything "
It is easy to see why the working adults in America dislike the fuzzy faced liberal operatives. But I'm glad you and T. Boone Pickens have the answers to our oil crisis. I'll sleep better tonight.
I completely agree. Cheap gas leads to more pollution and more CO2 to add to global climate change problems.
You can't give in just because people are too stupid to understand.
I believe the dems are doing right holding the line with their exact line of resistam=nce, and not giving in to the greed. of the oil companies who are jumping at the chance to exploit the country's resources at this crucial time.
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