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POPSTodd Palin Digs into Job Creation for Alaskans Todd Palin — oil worker, champion snowmobiler, hunter and commercial fisherman — also has been boning up on mining lately in his role as Alaska's first spouse. The companies that paid for the flights, a normal means of travel to remote and often roadless parts of Alaska, are both in the early stages of a lengthy approval process. A month after the first visit, Todd Palin toured the Red Dog Mine, a lead and zinc operation in the northwestern part of the state. That company is currently seeking permission to mine a new deposit, which would extend the life of the mine to 2031.
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POPSWhy cheaper oil signals trouble Deflation will win over inflation. But the "good news" will go on until just after the USA election. Then reality will begin to intrude its ugly head, again.
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POPSWe DO Need More Domestic Energy...BUT... Bush is absolutely right (I can't believe I'm saying that) - we absolutely do need to focus on more domestic energy production to reduce and ultimately eliminate out reliance on the Middle East. He's absolutely wrong however (now that's more like it) when he says we need to get that additional domestic energy by drilling for more oil off-shore. Pretty much all major scientific research - and even a great deal of the public - agree oil is not the answer to our energy crisis. There is only so much oil and any additional drilling will be far outnumbered by the increase in usage that will have occurred when we finally get that new oil online. Could drilling for new oil help lower gas/fuel prices? Sure it could temporarily. But that would only slightly delay the inevitable. We NEED to reduce our energy consumption until we can find alternative and more abundant sources of clean energy to meet our needs.
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POPSMcCain: Lies an incomplete list from http://www.dailykos.com/storyonly/2008/7/28/165138/698
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POPSChecks in the Mail! I love it when Republicans give away money and then turn around and argue against entitlement programs.
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POPSOil Games at the DNC With public opinion running in favor of more domestic drilling, oil company executives know they have Democrats over a barrel, so to speak. The industry is keeping a low profile at the DNC in Denver, but local reports say plenty of discussion are going on backstage.
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POPSPelosi: Oil Companies Should Pay Royalties The government grants private companies “leases” for the resources in exchange for a portion called a royalty. Democrats have been clamoring for legislation that allowed oil companies drilling in the Gulf of Mexico in 1998 and 1999 to pay a reduced royalty even though the price of oil had risen substantially. The royalty break was an incentive to drill amid low oil prices. Democrats have suggested that companies be required to repay the back royalties if they want federal leases in the future. Republicans have called that a breach of contract with the drillers. In addition, The Denver Post reported Sunday that federal investigators are preparing to release a report detailing improper relationships between Interior Department officials who oversee offshore drilling and oil executives, including golf outings, ski trips and romantic liaisons. Also, Pelosi has been pushing to end tax breaks granted to oil companies.
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POPSCrude Oil Prices The green shows crude oil prices. The blue shows US gas prices. The red is Canadian gas prices. We could not show congressional comments about speculation or Oil company profits, because they are off the chart.
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POPSBush accomplishes mission for Osama Bin Laden '...In testimony to Congress a month ago, the co-director of the Institute for the Analysis of Global Security put it this way: " I would like to impress upon this Committee that $144 a barrel oil will be perceived as a victory for the Jihadist movement and a reaffirmation that the economic warfare component of its campaign against the West is a resounding success." Or, to put it in far blunter terms, Osama bin Laden can now say “Mission Accomplished”...'
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POPSAmerica: Don't Wait For Pelosi, Seize Our Energy Future Now!
Only today, they have energy as a weapon. One premise of the new Putin Doctrine is that oil prices will stay high and that Russia, with its plentiful reserves, can use oil profits to fund its global ambitions. This is where Congress comes in. Since President Clinton refused to allow drilling in the Arctic National Wildlife Refuge in 1995, Democrats have stood in the way of any rational energy plan. Today, we pump just 25% of our oil; 40 years ago, it was 60%. We send about $900 billion a year overseas to buy oil, money that helps fund Russian and radical Islamic mischief. This is a problem. Now for the good news: The U.S. is the world's largest potential oil supplier — with as much oil, the Institute for Energy Research says, as has been used by the entire world over the last 150 years. Just offshore, we have 86 billion barrels of crude. The U.S. Arctic region, including Alaska, holds 30 billion barrels. In the Far West, we have more than 800 billion barrels of shale oil.
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POPSObama - bumper sticker message? "Things are, it seems to me, going wrong," he said. "Something has to be done. There appears to exist a state of dislocation and confusion tending toward an uncoordinated, unbalanced policy. What I mean is, there's a tremendous national demand for transportation, yet we're losing money. It seems to me-" She sat looking at the ancestral map of Taggart Transcontinental on the wall of his office, at the red arteries winding across a yellowed continent. There had been a time when the railroad was called the blood system of the nation, and the stream of trains had been like a living circuit of blood, bringing growth and wealth to every patch of wilderness it touched. Now. it was still like a stream of blood, but like the one-way stream that runs from a wound, draining the last of a body's sustenance and life.
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POPSMcCain- McBush- Bush Be Frightened Be very Afraid for America. " It Can Happen Here", a book by Sinclair, written earlier, describing the way America slides into fascism. Wars on all sides, and your civil rights being diminished by the day with new laws to curb your freedom and expand the powers of FBI, CIA and all the other 3letter clubs. Americans are already afraid of their own government. Time to take it back! It is your Land, after all.
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POPSNew evidence for prayer: gas prices Obviously the fluctuation of prices are due to mixed prayers. You see, every few minutes, an Arab prays, “Allah, raise the price of oil!” And Allah answers their prayer. Then an American prays, “Jesus, lower the price of oil!” And Jesus does it. And so on and so forth, thus the fluctuation.
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POPSFed Chairman: Economy Bad, Worst "in Memory" It is not just gas prices. Bernanke talks about how inflation has not yet had its full effect , comparing it to a storm that has not yet fully hit the mainland: "Although we have seen some improved functioning in some markets, the financial storm that reached gale force'' around this time last year "has not yet subsided, and its effects on the broader economy are becoming apparent in the form of softening economic activity and rising unemployment,' Bush and McCain do not acknowledge this, and Obama's policies would never fix it. The role that both Bush and Congress have played in RUINING the economy through government overspending (on unjust wars), devaluing the dollar (which is a key factor in inflation), and causing a rise in oil prices, are not discussed. The Fed is not innocent and causes inflation too by printing more money for government overspending from thin air! The Fed Chairman is using this to try to obtain new powers for th
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POPSBush and Condi Rice Cause Increase in Oil Prices Policies and actions recently, reigniting the Cold War, have directly caused an increase in oil prices, just like the Iraq and Afghan wars, war-mongering with Iran in the past. THIS is the primary cause of high gas prices--i.e. U.S. foreign policy.
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POPSOil Supply Increases, Oil Price Increases Proof again supply is not the problem driving prices on oil and gas. Note this happens as the oil laden Caspian region (Russia, Georgia, etc.) comes into play with war and rumors of war--and particularly as Condi Rice (former exec at Chevron) goes around heightening US rhetoric against Russia and signing provocatory missile agreements with its satellite states. It is not actual supply so much as perceived supply which is effected by wars and "geopolitical" tensions and factors . Change the (neoconservative) war policy, prices will drop.
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POPSWindy NIMBY An intriguing story about the wind energy industry in upstate New York. Now, corruption, if it's happening, is a legitimate concern. And I can see how a constant humming would be annoying. Vertigo, etc. But I'm not sure I understand the "destroys scenic views" complaint. I mean, windmills look really cool.
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POPSHe Saw It Coming What economic developments does Roubini see on the horizon? And what does he think we should do about them? The first step, he told me in a recent conversation, is to acknowledge the extent of the problem. “We are in a recession, and denying it is nonsense,” he said. The United States, Roubini went on, will likely muddle through the crisis but will emerge from it a different nation, with a different place in the world. “Once you run current-account deficits, you depend on the kindness of strangers,” he said, pausing to let out a resigned sigh. “This might be the beginning of the end of the American empire.”
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POPSSurge for the Dollar Despite Global Fears The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities. Against sterling, the US currency notched up its 11th consecutive day of gains – its longest uninterrupted rise in more than 35 years – as markets became increasingly convinced that the US was best-placed to weather the global downturn. The Reuters-Jefferies CRB index, a benchmark for commodities, fell more than 2.5 per cent to its lowest level since late March. The index has fallen almost 20 per cent since an all-time high in July, but is still 22 per cent higher than a year ago.
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POPSLeftist Economic Nonsense It was astonishing to hear Maxine Waters openly discuss nationalizing the oil industry. She was talking to the heads of America’s oil companies, and she was a little worked up, so it was also possible to say that it was just one person, speaking impulsively in a moment of anger, and easily dismissed. What left most conservatives and libertarians staring in slack jawed wonder was when Maurice Hinchey (D-NY) stood before the press and advocated nationalizing the oil refineries. While most have known about the socialist beliefs of the left, what surprised them was the matter of fact manner in which they were suggesting socialist controls over the oil industry. Finally, the socialist trifecta was complete with Obama supporter Malai Lazu, of the non-profit group Oil Change International calling for “price controls” on Neal Cavuto’s “Your World.” As she simply put it, “When Congress can set prices, Congress can set prices.”