Wednesday, June 18, 2008

Obama says bin Laden must not be a martyr


Jun 18, 3:54 PM (ET)

By NEDRA PICKLER

(AP) Democratic presidential candidate Sen. Barack Obama, D-Ill., right, with former Rep. Tim Roemer...
Full Image

WASHINGTON
(AP) - Barack Obama says if Osama bin Laden were captured on his watch,
he'd want to ensure he doesn't become a martyr if he were prosecuted.
Obama said he's not sure that the terrorist mastermind would be
captured alive.

But if he were, Obama said he would want to bring
him to justice "in a way that allows the entire world to understand the
murderous acts that he's engaged in and not to make him into a martyr."

Obama
was asked about how he would handle bin Laden at a news conference
Wednesday after he met with a new team of national security advisers.
The meeting came after rival John McCain's campaign criticized Obama
for a having a pre-9-11 mind-set for promoting trial of terrorists.


So does this set the stage for a "on death penalty" plea bargain?

Energy Guzzled by Al Gore’s Home in Past Year Could Power 232 U.S. Homes for a Month

Tennessee Center for Policy Research
For Immediate Release: June 17, 2008

June 18, 2008





For Further Information, Contact:
Adam King, 615.383.6431
adam@tennesseepolicy.org

Energy Guzzled by Al Gore’s Home in Past Year Could Power 232 U.S. Homes for a Month
Gore’s personal electricity consumption up 10%, despite “energy-efficient” home renovations

NASHVILLE - In the year since Al Gore took steps to make his home more energy-efficient, the former Vice President’s home energy use surged more than 10%, according to the Tennessee Center for Policy Research.

“A man’s commitment to his beliefs is best measured by what he does behind the closed doors of his own home,” said Drew Johnson, President of the Tennessee Center for Policy Research. “Al Gore is a hypocrite and a fraud when it comes to his commitment to the environment, judging by his home energy consumption.”

In the past year, Gore’s home burned through 213,210 kilowatt-hours (kWh) of electricity, enough to power 232 average American households for a month.

In February 2007, An Inconvenient Truth, a film based on a climate change speech developed by Gore, won an Academy Award for best documentary feature. The next day, the Tennessee Center for Policy Research uncovered that Gore’s Nashville home guzzled 20 times more electricity than the average American household.

After the Tennessee Center for Policy Research exposed Gore’s massive home energy use, the former Vice President scurried to make his home more energy-efficient. Despite adding solar panels, installing a geothermal system, replacing existing light bulbs with more efficient models, and overhauling the home’s windows and ductwork, Gore now consumes more electricity than before the “green” overhaul.

Since taking steps to make his home more environmentally-friendly last June, Gore devours an average of 17,768 kWh per month –1,638 kWh more energy per month than before the renovations – at a cost of $16,533. By comparison, the average American household consumes 11,040 kWh in an entire year, according to the Energy Information Administration.

In the wake of becoming the most well-known global warming alarmist, Gore won an Oscar, a Grammy and the Nobel Peace Prize. In addition, Gore saw his personal wealth increase by an estimated $100 million thanks largely to speaking fees and investments related to global warming hysteria.

“Actions speak louder than words, and Gore’s actions prove that he views climate change not as a serious problem, but as a money-making opportunity,” Johnson said. “Gore is exploiting the public’s concern about the environment to line his pockets and enhance his profile.”

The Tennessee Center for Policy Research, a Nashville-based free market think tank and watchdog organization, obtained information about Gore’s home energy use through a public records request to the Nashville Electric Service.


The Tennessee Center for Policy Research is an independent, nonprofit and nonpartisan research organization committed to achieving a freer, more prosperous Tennessee through the ideas of liberty. Visit TCPR online at: www.tennesseepolicy.org.

Say it ain't so mister Green. . . .

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Bush Will Seek to End Offshore Oil Drilling Ban

Published: June 18, 2008


WASHINGTON — President Bush, reversing a
longstanding position, will call on Congress on Wednesday to end a
federal ban on offshore oil drilling, according to White House
officials who say Mr. Bush now wants to work with states to determine
where drilling should occur.

The move underscores how $4-a-gallon gas has become a major issue in
the 2008 presidential campaign, and it comes as a growing number of
Republicans are lining up in opposition to the federal ban.

The party’s presumptive presidential nominee, Senator John McCain
of Arizona, used a speech in Houston on Tuesday to say he now favors
offshore drilling, an announcement that infuriated environmentalists
who have long viewed him as an ally. Florida’s governor, Charlie Crist, a Republican, immediately joined Mr. McCain, saying he, too, now wants an end to the ban.

Even
before the disclosure of Mr. Bush’s decision, the drilling issue caused
a heated back-and-forth on the campaign trail on Tuesday, as Mr. McCain
sought to straddle the divide between environmentalists and the energy
industry, while facing accusations from his Democratic opponent,
Senator Barack Obama, that he had flip-flopped and capitulated to the oil industry.

In Washington, the White House press secretary, Dana Perino,
said Mr. Bush would urge Congress to “pass legislation lifting the
Congressional ban on safe, environmentally friendly offshore oil
drilling,” adding, “The president believes Congress shouldn’t waste any
more time.”

Mr. Bush has long advocated opening up the Arctic
National Wildlife Refuge in Alaska to drilling, and in 2006 signed into
law a bill that expanded exploration in the Gulf of Mexico. But the
topic of coastal drilling has been an extremely sensitive one in the
Bush family; Mr. Bush’s father, the first President Bush, signed an
executive order in 1990 banning coastal oil exploration, and Mr. Bush’s
brother Jeb was an outspoken opponent of offshore drilling when he was
governor of Florida.

Now, though, President Bush is considering
repealing his father’s order. Although Ms. Perino said Mr. Bush “is not
taking any executive action” on Wednesday, two people outside the White
House said such a move was under serious consideration, and a senior
White House official did not dispute their account.

“This is a
strong point of discussion inside the White House,” said Representative
John E. Peterson, a Pennsylvania Republican who has been asking Mr.
Bush for years to rescind his father’s action. Mr. Peterson is also
leading an effort in Congress to repeal its ban.

With oil selling
for more than $130 a barrel and no end in sight to high gasoline
prices, Mr. Bush, a former oilman from Texas who came into office
vowing to address an impending energy shortage, does not want to end
his presidency in the midst of an energy crisis.

No one knows
for certain how much oil is in the moratorium area, but the federal
Energy Information Administration estimates that roughly 75 billion
barrels of oil in the United States are off-limits for development, and
that 21 percent of this oil — or 16 billion barrels — is covered by the
offshore moratorium.

Mr. Bush’s new stance on offshore drilling
will inject him squarely into the presidential campaign, by putting the
full weight of the White House behind Mr. McCain at a time when he is
trying to demonstrate presidential stature. But it will also expose Mr.
McCain to accusations from Democrats that a McCain presidency would be
akin to a Bush third term.

At the same time, the move will put
the onus on Democrats, many of whom have long been staunchly opposed to
offshore drilling. And it is likely to exacerbate the 30-year-old
standoff in Washington over whether domestic drilling or conservation
is the way to end American dependence on foreign oil. . .


By far the worse move ever could be to continue drilling for that black goo. Maybe a clean and fresh look at photovoltaic’s is in order. . .

Monday, June 16, 2008

New Agreement Could Mean More Help for Homeowners

By MICHAEL R. CRITTENDEN
June 16, 2008 2:59 p.m.



WASHINGTON -- Top mortgage lenders and servicers,
under pressure to do more to help prevent record numbers of
foreclosures, have reached a major agreement on new guidelines to
improve and speed up the industry's voluntary efforts to help
struggling homeowners.


The agreement among the firms in the Treasury
Department-backed Hope Now alliance, which is scheduled to be announced
Tuesday, comes as U.S. Senate lawmakers prepare to begin debate this
week on a massive housing package aimed at slowing the record pace of
foreclosures that continues to roil the economy. That legislation,
which includes a program to refinance up to $300 billion in troubled
mortgages, could be voted on by the Senate this week, sources said.


The Hope Now agreement pledges to have lenders and
servicers take a uniform approach when dealing with homeowners,
including setting a specific timeline for them to respond to borrowers
seeking to avoid foreclosure.


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"Borrowers seeking help should receive an
acknowledgment of their request within five business days once received
by the lender, the agreement says, and would in most cases receive a
final decision on whether they will receive help with their loan within
45 days. Lenders would also promise to stay in touch with borrowers
while reviewing a particular loan -- calling, emailing or sending a
letter about the status of their help request"


Lenders and servicers have also agreed to other steps,
including the automatic subordination of second liens in certain
circumstances. The question of how to deal with second lien holders has
slowed efforts to modify loans and work with borrowers, but the
servicers' agreement suggests that a second lien holder should
re-subordinate their loans to allow refinancing or a loan modification
under certain conditions.


The agreement expands other options available to
lenders to help borrowers avoid foreclosure. In addition to
forbearance, repayment plans and loan modifications -- including a
writedown on a loan's principle -- the agreement directs lenders to
accept a deed in lieu of foreclosure or a short sale instead of
completing the foreclosure process.


The short-sale language is new, and pledges Hope Now
members to accommodate a homeowner's effort to sell their house at the
current fair market value, even if that value is less than the borrower
owes on their mortgage.


More generally, the agreement calls on servicers to
delay foreclosure proceedings that are about to begin, or have already
begun, when there is a possibility that other steps could allow a
homeowner to remain in their residence.


People familiar with the agreement, which all Hope Now
members had to sign off on, said the intent is to bring clarity and
transparency to the alliance's efforts, giving homeowners a better
understanding when they seek help with their loans. Though not legally
binding, all Hope Now participants are expected to implement the new
uniform standards within 60 days.


Hope Now claims its efforts have resulted in nearly
1.6 million loan workouts since July 2007, though those numbers have
been met with skepticism from policymakers and regulators who have
repeatedly called for more aggressive voluntary efforts by the mortgage
industry.


A report released last week by the Office of the
Comptroller of the Currency, which oversees national banks, suggested a
lower figure for loan workouts. The study, which was based on six
months of data from 23 million mortgages held or serviced by nine
national banks, found that there had been close to 167,000 loan
modifications or payment plans through March of this year.


Meanwhile, foreclosures around the country continue to
show few signs of abating. Foreclosure tracking firm RealtyTrac Inc.
said Friday that one in every 483 U.S. households received a
foreclosure filing in May, the highest monthly foreclosure rate since
the firm first started issuing its report in January 2005.


Write to Michael R. Crittenden at michael.crittenden@dowjones.com

One might want to take a closer look at the hi-lighted paragraph before getting all warm and fuzzy. It's still seems to me that the BANK is ultimately in control of whether you get any help and the decision is solely theirs to make. . . I'll pass on that foo.


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Thursday, June 12, 2008

ExxonMobil to sell 2,220 gas stations

(CNN) -- Oil giant Exxon Mobil Corp. plans to sell its company-owned gas stations, saying they aren't profitable enough even with gasoline selling at $4 per gallon.

art.exxon.gi.jpg

The 2,220 stations make up about 1/5 of the Exxon and Mobil stations in the United States.

The nation's largest oil company, which earned nearly $41 billion last year, says it will sell more than 2,000 stations over the next few years.

"The fuels marketing sector is a very challenging market," ExxonMobil spokesperson Prem Nair said, adding that the company is feeling particular pressure from hypermarkets like Wal-Mart that sell gasoline.

ExxonMobil plans to sell 820 owned and operated stations as well as 1,400 stations leased to dealers. The 2,220 stations make up about 1/5 of the Exxon and Mobil stations in the United States. The company says the stations to be sold will continue to sell ExxonMobil product.

"As the highly competitive fuels marketing business in the U.S. continues to evolve, we believe this transition is the best way for ExxonMobil to compete and grow in the future," said Ben Soraci, U.S. director of retail sales for ExxonMobil.

The states with the largest number of ExxonMobil-owned stations are California and New York, each with more than 200. ExxonMobil also has a large concentration of stations in Texas, Florida, Maryland, Tennessee and Virginia.

Now don't let anyone tell you that these boys don't know that the jig is up!

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So, how high will it go?

With ever rising oil prices you just have to wonder just how high will it go? I’m sure most people in the U.S. have already cut back greatly on how much they drive, I know I have. I had to have cut my driving by at least 60%. This has a two fold effect; first my gas purchases are about the same “dollar” wise a week and secondly I’m getting healthier ;-) . I walk and ride more often.

    The simple reason for the rise in oil prices is not what they tell you, in my humble opinion it’s because about 3 years the oil company’s saw the writing on the wall that within  the next 5 years they were going to have a whole lot of black goo no one wanted, so lets get what we can while we can. In so doing makeup any reason possible to cause the increase.

    Solar power has been around for about 40 or 50 years and the single reason why it hasn’t become the power of choice is both big power and the government haven’t figured out how to make money from it. I mean you charge your batteries with the sun (free) and then you charge your electric car from the batteries (free once again). Oil company and Power company out!

    Big power even went as far as trying to develop alternative fuels like bio’s just so they could still make money, but the auto industry is smart enough to see that most people in American are not to kin on that Idea. Soon there will be more and more electric vehicles at better and better prices.

     So start looking into solar collectors and windmills and in the mean time, break out the bikes and Converse All Stars and get ready for the revolution!

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