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Briefing Book! Obama Goes Back on First Campaign Promise?
- Obama: How does it make you feel? Obama breaks promise to tax oil company windfall profits. — 23/6
- GOP: The comeback party?
US Department of the Interior: Sex, Drugs, and Oil
The Interior Department, which controls oil and gas collected from US taxpayer-owned coastal waters, has been plagued with shocking ethical abuses, according to a government investigation. Violations range from giving contracts to a retired employee instead of allowing for competitive bidding to substance abuse and promiscuity.
The report states that officials “frequently consumed alcohol at (oil) industry functions, used cocaine and marijuana, and had sexual relationships with oil and gas company representatives.” Officials also allegedly accepted gifts from energy companies that exceed ethics rules, such as golf, meals and drinks, and tickets to a Toby Keith concert.
Front Page: McCain Set to Announce Palin as VP, Iraq Signs $3 Billion Oil Deal, Mexico's Court Upholds Abortion
- McCain Set to Pick Palin as VP: According to sources close to the campaign, John McCain has picked Alaska Gov. Sarah Palin to be his running mate. A formal announcement is expected shortly at a campaign rally in Ohio.
Iraq Has $79 Billion Surplus — What's the US Deficit Again?
Thanks to rising oil prices, Iraq will enjoy a $79 billion surplus by the end of the year, according to a report requested by a bipartisan group of senators. While the US has spent $48 billion in American taxpayer money on Iraq's reconstruction since 2005, Iraq has spent only a fraction of its oil revenue on reconstruction projects. And, Iraq spent only 1 percent of its 2005-2007 budget to maintain existing projects already funded by Americans or Iraqis.
Does Obama's Shift on Offshore Drilling Make You Shift Too?
Dragging his feet this weekend, Barack Obama changed his tune on offshore drilling. Obama said he would be willing to support drilling in the Gulf of Mexico, in exchange for a comprehensive alternative energy plan which would include ending oil company tax breaks, and extending tax credits to those searching for alternative fuels.
Explaining his shift, Obama said: "What I will not do, and this has always been my position, is to support a plan that suggests this drilling is the answer to our energy problems.
Front Page: Cancer Director Warns of Cell Phones, House Passes Housing Relief, Libya Cuts Off Swiss Oil
- Cancer Director Warns of Cell Phones: The director of a leading US cancer research institute just sent a memo to thousands of his staff cautioning of possible higher risks from cell phone use. He said waiting for definitive studies was folly and that action should be taken now. Children should use cell phones only in emergencies, and adults need to keep the phone away from the head.
Bush Readies the Offshore Drill, Should Congress Say Yes?
President Bush thinks offshore drilling might be the Nicorette gum America needs to kick its oil addiction. Yesterday Bush lifted the executive ban on offshore drilling imposed by his father, removing one hurdle for exploration.
Bush explained:
"This means that the only thing standing between the American people and these vast oil resources is action from the US Congress.
T. Boone Pickens Is Going to Save the Economy With Hot Air
I'm saying it right now: T. Boone Pickens for president. The former oil-man-billionaire-turned-wind-power revolutionary is suddenly everywhere and it's like a breath of fresh air.
Russia Lectures US: You're in No Position to Give Advice
Russian President Dmitri A. Medvedev is in no mood to listen to US criticism about the state of human rights or democracy in Russia. This week he said that the US was "essentially in a depression" and thus in no shape to tell other countries what to do.
Americans Provided Iraqi Oil Ministry Contract Templates
Despite previous confirmation that it would award exceptional no-bid contracts to Western oil giants, Iraq just announced that it has failed to sign the deals. Meanwhile, American officials have confirmed that the Bush Administration was directly involved in the creation of the contracts, as American advisers led by a State Department team directly advised Iraqi officials. But today, Iraq announced that it failed to finalize the deals as expected, because the oil companies "refused to offer consultancy based fees as they wanted a share of the oil."
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