Last week the Republican’s in the House voted to save the billions a year in tax subsidies to the oil industry, yet providing assistance to the low-income for their heating bills is on the chopping block. This week the House AG committee decided to keep the farm subsidies, which total close to $20 billion a […]
While House rules prevent Democrats from using the video of Joe Barton yesterday on the campaign trail, they can still hammer away on his apology to BP for the “shakedown” Obama did to them. This statement by Barton is a national treasure for Democrats. They can run simple commercials telling what he said and pointing […]
It looks like the U.K. has a “to big to fail” problem also, except this time it’s in the oil industry: In that atmosphere, the stream of condemnations from Washington has stirred a protective backlash, even in this closest of American allies. Boris Johnson, the Conservative mayor of London, said Thursday that he was worried […]
Yesterday BP saw a huge decline in it’s value as their stocks lost 15% of their value: As BP hacked away at a pipe gushing oil at the bottom of the Gulf of Mexico, investors sawed off 15 percent, or $21.1 billion, of the company’s market value Tuesday. Some are pointing to the announcement by […]
This is so cool: IBM researchers on Tuesday said they have discovered a way to make Earth-friendly plastic from plants that could replace petroleum-based products tough on the environment. The breakthrough promises biodegradable plastics made in a way that saves on energy, according to Chandrasekhar “Spike” Narayan, a manager of science and technology at IBM’s […]
Hillary just said that in her speech and in the background you could hear all the pundits scream as their dream of drama in the party was crushed. And as Bob points out, Schweitzer gave one hell of a speech and totally eviscerated John McCain. Of course the pundits try to say the Democrats aren’t […]
Cenk brings up an interesting point (via Cesca): The oil that comes from that drilling will not be United States property (Republicans aren’t suggesting we nationalize the oil companies, are they?). It will be the property of whichever oil company got the rights to that contract. They can then sell it to whoever they like […]
Twelve Army captains that have served in Iraq penned an op-ed in today’s Washington Post calling for the immediate withdrawal of our troops. Here are some highlights from it: What does Iraq look like on the ground? It’s certainly far from being a modern, self-sustaining country. Many roads, bridges, schools and hospitals are in deplorable […]
The New York Times: The insurgency in Iraq is now self-sustaining financially, raising tens of millions of dollars a year from oil smuggling, kidnapping, counterfeiting, connivance by corrupt Islamic charities and other crimes that the Iraqi government and its American patrons have been largely unable to prevent, a classified United States government report has concluded. […]
Bush tried to “pass the buck” on high fuel prices by blaming them on “boutique” fuels (required cleaner burning fuels). Unfortunately for Bush, the EPA sees it differently: “Boutique” gasoline blends to help states meet clean air rules are not a factor in higher prices as President Bush has suggested, says a draft of a […]