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ENERGY News:
20080516
-
 John
McCain -  Money
-  Politics
-  Government
-  Myanmar
-  Military
-  Arizona
-  US- 2008
Election - "McCain
axes energy advisor." ... "[2008 Election] Republican
presidential contender John McCain on Thursday fired an energy policy advisor
who lobbies the federal government on behalf of energy clients, citing
a new policy that seeks to quash influence peddling." ... "''The campaign
recently severed ties with Eric Burgeson due to a new campaign policy that
prohibits any registered lobbyist from participating in any policy discussions
on the subjects in which they work,'' said McCain spokesman Jeff Sadosky."
... "The policy was developed following the recent dismissals of two campaign
aides whose lobbying firm represented the military junta that runs Myanmar,
widely condemned for thwarting rescue efforts after a deadly cyclone."
... "McCain's former energy advisor joined the firm of Barbour Griffith
& Rogers [lobbyist firm] in Washington in 2006 after serving as the
chief of staff at the Department of Energy. Burgeson's energy clients include
Southern Company, which operates electric utilities and nuclear-power plants
in the Southeast." ... "''Eric leads the firm's energy practice utilizing
his domestic and international energy policy expertise and network of policy
decision makers,'' the firm's website states." -By
Beth Reinhard -MiamiHerald
20080514
-
John
McCain - Myanmar
-
 Sudan
- Oil
- Corporation
- Politics
- Arizona
- US
- 2008
Election - "McCain
On Wife's Sudan-Related Investment." ... "[2008 Election
Republican Presidential Candidate John] McCain, whose wife has come under
fire for refusing to disclose her tax return documents, fielded tough questions
about her investment in a mutual fund that deals in Sudan, as well as about
the resignation of two McCain aides over their involvement in lobbying
deals with the Myanmar junta." ... "The Arizona senator said that he was
not aware of his wife's investment in two mutual funds that include holdings
in Oil & Natural Gas Corp. [Corporation], which in turn does business
in the genocide-ridden African nation. " -By Carrie
Dann -NationalJournal
-
John
McCain - Sudan
-
 China
-  India
- Oil
- Politics
-  International
- US
- 2008
Election - "McCain's
wife sells Sudan investments." ... "The wife of [2008
Election] Republican presidential candidate John McCain, who has been a
critic of the violence in Sudan, sold off more than $2 million in mutual
funds whose holdings include companies that do business in the African
nation." ... "The sale on Wednesday came after The Associated Press questioned
Cindy McCain's investments in light of calls by her husband for international
financial sanctions against the Sudanese leadership." ... "According to
McCain's personal financial disclosure, Cindy McCain's investments include
two mutual funds — American Funds Europacific Growth fund and American
Funds Capital World Growth and Income fund — that are listed by the Sudan
Divestment Task Force as targets for divestment." ... "Both funds have
holdings in Oil & Natural Gas Corp. [Corporation], an India-based company
that does business in Sudan. The American Funds Capital World Growth &
Income Fund also has holdings in Petrochina, a Chinese government-owned
oil company with vast investments in Sudan."
-AP via -USATODAY
20080510
-
 Barack
Obama - John
McCain - 2008
Election -  Oregon
- Energy
-  Technology
- US
-  Iraq
- Military
-  Health
Care - "Obama
eager to campaign with McCain." ... "Acting even
more like he has clinched the Democratic presidential nomination, [2008
Election Democratic Presidential Candidate] Barack Obama said on Saturday
he would be willing to campaign jointly with Republican [2008 Election
Presidential Candidate] John McCain and acknowledged he needed to better
introduce himself to Americans." ... "After a stop at a solar technology
company in this central Oregon town [Bend, Oregon], Obama was asked if
he supported a suggestion that he campaign with McCain and hold joint town
hall meetings in the run-up to the November [2008] general election." ...
""I think that's a great idea. Obviously we'd have to think through the
logistics on this," Obama said. "Should I be the nominee, if I have the
opportunity to debate substantive issues before the voters with John McCain,
that's something I'm going to welcome."" ... "Obama, who took a commanding
lead in the Democratic race last week, said he looked forward to pointing
out his differences with McCain, including views on the energy crisis,
the Iraq war and health care." ... ""We haven't finished this primary yet
so it's premature to start projecting how the general election's going
to play out," he said at the news conference." (1, 2,
3)
-By Deborah Charles wtih contributions by by Chris
Baltimore and Todd Eastham -Reuters
-
John
McCain - Burma
[Myanmar] - Military
- Money
- Politics
- DCI
Group - Marketing
- Human
Rights - Oil
- Arizona
- US
- 2008
Election - Saint
Paul -
 Minn
- "McCain's
Convention Chair Worked for Burma's Military Junta."
... "John McCain's choice to manage the GOP convention this summer is lobbyist
Doug Goodyear, whose firm once represented Burma's repressive regime."
... "After [2008 Election Republican Presidential Candidate] John McCain
nailed down the Republican nomination in March, his campaign began wrestling
with a sensitive personnel issue: who would manage this summer's GOP convention
in St. Paul, Minn. [Minnesota]? The campaign recently tapped Doug Goodyear
for the job, a veteran operative and Arizonan who was chosen for his "management
experience and expertise," according to McCain press secretary Jill Hazelbaker.
But some allies worry that Goodyear's selection could fuel perceptions
that McCain—who has portrayed himself as a crusader against special interests—is
surrounded by lobbyists. Goodyear is CEO of DCI Group, a consulting firm
that earned $3 million last year lobbying for ExxonMobil [oil corporation],
General Motors and other clients." ... "Potentially more problematic: the
firm was paid $348,000 in 2002 to represent Burma's military junta, which
had been strongly condemned by the State Department for its human-rights
record and remains in power today. Justice Department lobbying records
show DCI pushed to "begin a dialogue of political reconciliation" with
the regime. It also led a PR [public relations] campaign to burnish the
junta's image, drafting releases praising Burma's efforts to curb the drug
trade and denouncing "falsehoods" by the [Republican President] Bush administration
that the regime engaged in rape and other abuses. " -By
Michael Isikoff -Newsweek
20080509
-
Oil
- Government
-
 New
York
-  Missouri
- US
-  Euro
-  History
- "Oil
Climbs Above $126 to Record as Dollar Weakens Against Euro."
... "Crude oil for June delivery rose $2.27, or 1.8 percent, to a record
closing price of $125.96 a barrel at 2:55 p.m. on the New York Mercantile
Exchange. The contract surged to $126.27 today, the highest since futures
began trading in 1983. Prices are up 8.3 percent this week, the biggest
weekly gain in more than a year. Futures have more than doubled in the
past year." ... "The dollar fell 9.6 percent since Sept. 18, when the Federal
Reserve began cutting rates to ease financial-market strains and stave
off a recession. The U.S. [United States] central bank cut rates seven
times while the ECB [European Central Bank] has left rates unchanged. The
dollar fell 0.6 percent to $1.5483 per euro at 3:27 p.m. in New York."
... "``Fed policy is accommodating the rise in energy prices,'' said Bill
O'Grady, director of fundamental futures research at Wachovia Securities
in St. Louis [Missouri]. ``The Fed and federal government are putting more
liquidity in people's pockets, which is being spent on expensive oil.''"
... "The U.S. government started sending $117 billion in tax rebate checks
last week as part of its fiscal stimulus plan." ... "Heating oil for June
delivery climbed 12.62 cents, or 3.6 percent, to close at a record $3.636
a gallon in New York." ... "Gasoline futures for June delivery rose 6.34
cents, or 2 percent, to $3.2012 a gallon in New York after reaching a record
$3.2038 today." ... "Regular gasoline, averaged nationwide, rose 2.6 cents
to a record $3.671 a gallon, AAA, the nation's largest motorist organization,
said today." -By Mark Shenk
-Bloomberg
20080508
-
Oil
- Corporations
-
 Air
-  Environment
-  Ground
-  Water
- Safety
- Health
- Science
- Politics
- "Chevron,
11 Oil Companies to Pay $423 Million in MTBE Lawsuits."
... "Water suppliers in 17 states will collect $423 million from Chevron
Corp. [Corporation], BP Plc [Public limited company] and 10 other oil companies
as part of a settlement of contamination claims involving the gasoline
additive MTBE." ... "The suits claim the oil companies contaminated wells
and underground aquifers across the country by adding methyl tertiary butyl
ether, or MTBE, to gasoline as a way to reduce air pollution. They claim
the oil companies hid information showing MTBE would cause ``massive''
contamination." ... "The settlement was filed yesterday with U.S. District
Judge Shira Scheindlin in New York, who is presiding over the 59 settled
lawsuits brought by 153 municipalities. The six oil companies and refineries
that didn't settle include Exxon Mobil Corp. [Corporation], the world's
biggest publicly traded oil company, according to Robert Gordon, a lawyer
for the plaintiffs." ... "The municipalities ``will use the money to continue
to treat water so that it is safe and pure,'' Gordon said in a phone interview."
... "MTBE reduces air pollution by making gasoline burn more completely
in a car's engine. MTBE discharged into the air contaminates groundwater
through rainfall. The additive has been banned in many states." ... "Estimates
of the cost to treat contaminated water in the U.S. have reached $30 billion."
... "Scheindlin denied a request by the oil companies to dismiss the suits
in 2005." ... "``Innocent water providers -- and ultimately innocent water
users -- should not be denied relief from the contamination of their water
supply if defendants breached a duty to avoid an unreasonable risk of harm
from their products,'' Scheindlin said at the time." ... "The case is In
Re: MTBE, 00-cv-1898, U.S. District Court, Southern District of New York
(Manhattan). " -By David Glovin
-Bloomberg
20080502
-
John
McCain - Corporate
- Oil
- Politics
- Foreign
- US
- Iraq
- Military
- 2008
Election - Denver
-
 Colorado
- "McCain
Suggests Iraq War Is About Oil." ... "At the conclusion
of a town hall held this morning outside in Devner [sic, correction: Denver,
Colorado], [2008 Election Republican Presidential Candidate] John McCain
decided to toss in a plug for his upcoming energy policy rollout. But as
McCain decried the dangers of Americans reliance on foreign oil, he also
seemed to suggest that this reliance caused the current struggle in Iraq."
... ""My friends, I will have an energy policy that we will be talking
about, which will eliminate our dependence on oil from the Middle East
that will - that will then prevent us - that will prevent us from having
ever to send our young men and women into conflict again in the Middle
East," McCain said." ... "This comment was initially prompted by a compliment
from a military veteran who stated that he hoped a group called "Swift
Boats for McCain come out and help" the GOP [GOP=Grand Old Party=Republican]
nominee. " ... "Of note -- McCain didn't object to the audience member's
suggestion that a so-called 'swift boat' group help him win the presidency.
Instead, he thanked the man for his good wishes and his military service."
-By Adam Aigner-Treworgy
-NationalJournal
 WATCH:
"McCain Implies Iraq War Is For Oil."
-
 Hillary
Clinton - John
McCain - Gas
- Politics
- Consumer
- Memorial
Day - Labor_Day
- New
York - 2008
Election
- "Clinton,
McCain Push Gas Tax Break Economists Panned (Update1)."
... "[2008 Election Democratic Presidential Candidate] Hillary Clinton
and [2008 Election Republican Presidential Candidate] John McCain are both
pushing a ``gas-tax holiday'' to give consumers an 18.4- cent-a-gallon
price break. Clinton says the plan will take excess profits from oil companies.
McCain says it will help families buy school supplies." ... "Economists
have a different take: They say the oil companies may end up the biggest
beneficiaries, while the aid to families wouldn't be enough to buy a $35
backpack." ... "The trouble with the plan, they say, is that oil prices
are rising because of low supplies, and companies will continue to charge
the average $3.60 a gallon and just pocket the money that would have gone
to federal taxes." ... "``That's $10 billion, and it's going into the pockets
of oil refiners,'' said Leonard Burman of the Tax Policy Center in Washington.
``The last time I checked, they didn't need it.''" ... "Ethan Harris, chief
U.S. [United States] economist at Lehman Brothers Holdings Inc., said families
would save only about $18 a month. Burman estimated the total savings from
Memorial Day to Labor Day at $28." ... "New York Mayor Michael Bloomberg
said the proposal was ``about the dumbest thing I've heard in a long time
from an economic point of view.''" -By Alison Fitzgerald
-Bloomberg
20080430
-
Agriculture
- Factory
- Companies
- Poor
-
 People
- Nutrition
- Health
- US
- 
- World
- Biofuel
- Air
- Soil
- Water
- Environment
- Animals
- Plants
- Science
- "Shortages
Threaten Farmers’ Key Tool: Fertilizer." ... "Some
kinds of fertilizer have nearly tripled in price in the last year, keeping
farmers from buying all they need. That is one of many factors contributing
to a rise in food prices that, according to the United Nations’ World Food
Program, threatens to push tens of millions of poor people into malnutrition."
... "Rising demand for food and biofuels prompted farmers everywhere to
plant more crops." ... "Fertilizer companies are confident the shortage
will be solved eventually, noting that they plan to build scores of new
factories. But that will probably create fresh problems in the long run
as the world grows more dependent on fossil fuels to produce chemical fertilizers."
... "The demand for fertilizer has been driven by a confluence of events,
including population growth, shrinking world grain stocks and the appetite
for corn and palm oil to make biofuel. But experts say the biggest factor
has been the growing demand for food, especially meat, in the developing
world." ... "Fertilizer is plant food, a combination of nutrients added
to soil to help plants grow. The three most important are nitrogen, phosphorus
and potassium. The latter two have long been available. But nitrogen in
a form that plants can absorb is scarce, and the lack of it led to low
crop yields for centuries." ... "That limitation ended in the early 20th
century with the invention of a procedure, now primarily fueled by natural
gas, that draws chemically inert nitrogen from the air and converts it
into a usable form." ... "Environmental groups fear increased use, particularly
of nitrogen fertilizer made using fossil fuels. Because plants do not absorb
all the nitrogen, much of it leaches into streams and groundwater. That
runoff has long been recognized as a major pollution problem, and it is
growing." ... "A barometer of the pollution is the rising number of dead
zones where rivers meet the sea. In the Gulf of Mexico, for instance, nitrogen
runoff from fields in the Corn Belt washes downstream and feeds plant life
in the gulf. The algae blooms suck oxygen from the water, killing other
marine life." (1, 2)
-By Keith
Bradsher and Andrew
Martin -NYTimes
-
Clinton
- McCain
- Obama
- Infrastructure
-
 Auto
- Transportation
-  North
Carolina - 2008
Election - Oil
- Companies
- Politics
- "Clinton-McCain
gas tax holiday slammed as bad idea." ... "The [gas]
tax is used to fund the Highway Trust Fund that builds and maintains roads
and bridges." ... "Economists said that since refineries cannot increase
their supply of gasoline in the space of a few summer months, lower prices
will just boost demand and the benefits will flow to oil companies, not
consumers." ... ""You are just going to push up the price of gas by almost
the size of the tax cut," said Eric Toder, a senior fellow at the Urban-Brookings
Tax Policy Center in Washington." ... "[2008 Election Democratic Presidential
Candidate Barack] Obama criticized the plan as pure politics and said the
only way to lower the price of gas is to use less oil." ... ""It would
last for three months and it would save you on average half a tank of gas,
$25 to $30. That's what Senator Clinton and Senator McCain are proposing
to deal with the gas crisis," he said on Tuesday in Winston-Salem, North
Carolina." ... ""This isn't an idea designed to get you through the summer,
it's an idea designed to get them through an election."" (1, 2,
3)
-By Alister Bull with contributions by Bill Trott
-Reuters
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Illinois -
Employment -
Houses -
Michigan - "U.S. Economy: Sentiment Weakens More Than Anticipated (Update3)." ... "U.S. [United States] consumer confidence fell more than forecast in April to a 26-year low as record fuel prices and rising unemployment threatened to reduce spending." ... "The Reuters/University of Michigan sentiment index decreased to 62.6, from 69.5 the previous month. The measure was down from a preliminary estimate of 63.2 issued on April 11." ... "Consumers are growing increasingly anxious because the economy has lost almost a quarter million jobs so far this year, gasoline is up 17 percent and property values have fallen. Sales of houses and cars have declined as a result, contributing to a slowdown that may bring an end to the six-year expansion." ... "The index of consumer expectations for six months from now, which more closely projects the direction of consumer spending, dropped to 53.3 from 60.1 last month." ... "The economy lost 80,000 jobs in March, the most in five years, following a 76,000 drop in payrolls in each of the prior two months, according to figures from the Labor Department." ... "The average price of regular unleaded gasoline rose to a record $3.58 a gallon yesterday, according to data from AAA [American Automobile Association]." ... "Cars and light trucks sold at an average 15.2 million annual pace in the first three months of the year, the fewest since the third quarter of 1998." -By Bob Willis -Bloomberg
Mary Peters -
Law -
California -
Massachusetts -
US -
Climate - "Bush fuel economy rules swipe at California." ... "When the [Republican President] Bush administration announced proposed regulations Tuesday to raise fuel economy standards for cars and trucks to 31.6 miles per gallon by 2015, even some environmentalists applauded. But then they read the fine print." ... "Tucked deep into a 417-page "Notice of Proposed Rulemaking" was language by the Transportation Department stating that more stringent limits on tailpipe emissions embraced by California and 17 other states are "an obstacle to the accomplishment" of the new federal standards and are "expressly and impliedly preempted" by federal law." ... "California Attorney General Jerry Brown called it a covert assault on California's rules. Environmentalists said the language will be used by automakers in their legal challenges to two recent federal court rulings that sided with the states." ... "The language showed that beneath the bipartisan veneer of support for new fuel economy standards - approved by [the Democratic controlled] Congress and signed by [Republican] President Bush in December - the conflict is still raging between the White House and the states over who will set the nation's first limits on greenhouse gases." ... "Transportation Secretary Mary Peters, who announced the proposed rules Tuesday, acknowledged that the preemption language was included in the document." ... "The Supreme Court ruled in the Massachusetts vs. EPA case last year that the Transportation Department's authority to set fuel economy standards should not impede other efforts under the Clean Air Act to reduce greenhouse gases." ... "[California Democratic Representative and] House Speaker Nancy Pelosi, D[Democratic]-San Francisco [California], responded: "The administration is continuing to block climate change progress by asserting that California doesn't have the right to move forward with its own global warming regulations. That is completely unjustified."" -By Zachary Coile -SFGate.com
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