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POPSBritish Policy Advisor Says Gore Is In 'Panic' Mode On Sunday, CBS News correspondent Leslie Stahl asked Al Gore on the television show 60 Minutes what he thinks of people like Vice President Dick Cheney who doubt that global warming is caused by human activity. "I think that those people are in such a tiny, tiny minority now with their point of view, they're almost like the ones who still believe that the moon landing was staged in a movie lot in Arizona, and those who believe the earth is flat," replied Gore. "That demeans them a little bit, but it's not that far off."
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POPSMedia Ignore OPEC’s Control Of Oil Market
OPEC was created in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. It now includes nine other oil-producing nations – Algeria, Angola, Ecuador, Indonesia, Libya, Nigeria, Qatar, Saudi Arabia and the United Arab Emirates. “In the period between World War II and the formation of OPEC, the inflation-adjusted price of oil fluctuated little,” he wrote. “From 1970-1980, however, the real price of oil rose by about 1,300 percent. Between 1980 and 1986, it dropped by about two-thirds. It was fairly steady between 1986-1997, fell farther in 1997-1998, and then nearly quadrupled after February 1999. This is stability?” Taylor predicted in 2004 – when oil was around $31.50 a barrel – that “if OPEC disappeared tomorrow, oil prices would drop to somewhere around $8 a barrel and gasoline prices would almost certainly be south of $1 a gallon. A price collapse of that magnitude would do more for consumer welfare and the overall health of the American economy than President Bush...."
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POPSNew Gas Drilling Allowed In Pennsylvania Forests Department officials say new leases will contain provisions to protect state parks, areas designated as natural or wild, and environmentally sensitive areas. Payments on leases and royalties from gas production are put toward buying new forest land and improving facilities and programs in state forests, state officials say.
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POPSSubstance Abuse The e-mail inflates Obama's numbers by counting his cosponsored bills, but Sarah Binder, a fellow at the Brookings Institution and an expert on legislative politics, tells FactCheck.org that often "cosponsorship does not require a commitment of time, energy or resources – let alone the political or policy ingenuity that might generate a bill idea in the first place." Tallying sponsored bills, says Binder, is "a better metric of a senator's agenda, efforts and interests." Clinton has been in the Senate a little more than seven years; Obama, a little more than three. Using the numbers above, we calculate that Clinton has been the sole sponsor of a few more bills and resolutions per year – 51, to Obama's 43. And she has steered twice as many through the Senate and almost four times as many into law per year, on average, as Obama has. from THOMAS.gov, the Library of Congress' database of legislative information
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POPSIrony In Wall Street (continued)-- including real bailouts -- should be extended to homeowners and others. Back in 1907, nobody could demand that the original J.P. Morgan bail out more people with his own money. But whatever the government does sets a precedent and causes more special interests to demand that they get the same treatment. There is another irony in this situation. There was no Federal Reserve System in 1907. That is why Wall Street bankers like J.P. Morgan had to do their own heavy lifting with their own money. Somehow that did not sit right with the Progressives of that era who, like today's liberals, seemed to think that things should not be left to the market when the government can step in and make everything right. Such thinking led in 1914 to the creation of the Federal Reserve System. Their task was to prevent financial panics, bank failures and a catastrophic contraction of demand. It sounded wonderful -- and such sounds count for a lot in politics.
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POPSObama's Oil Spill Obama$$$money from oil companies? Two oil industry executives are bundling money for Obama – drumming up contributions from individuals and turning them over to the campaign. George Kaiser, the chairman of Oklahoma-based Kaiser-Francis Oil Co., ranks 68th on the Forbes list of world billionaires. He's listed on Obama's Web site as raising between $50,000 and $100,000 for the candidate. Robert Cavnar is president and CEO of Milagro Exploration LLC, an oil exploration and production company. He's named as a bundler in the same category as Kaiser. We're not making any judgments about whether Obama is influenced by campaign contributions. In fact, we'd note that he singles out ExxonMobil in this ad, even though he's received more than $30,850 from individuals who work for the company. But we do think that in theory, contributions that come in volume from oil industry executives, or are bundled by them, can be every bit as influential as PAC contributions, if not more so.
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