The big news was the move of Senator Obama's acceptance speech to
Invesco Field next door.
More in our video series.
Barack Obama's energy plan will provide meaningful short-term relief for our families and make a historic investment in alternative energy development that will create millions of new jobs, keep the cost of energy affordable and secure our energy independence once and for all. This is the sort of leadership the current generation of Americans needs - and demands - from our elected officials."The commercial accurately points out that McCain favors temporarily lifting the federal gasoline tax, which Obama opposes. Nearly every reputable economist says lifting the gas tax would save motorists nickels and dimes and not produce one new gallon of gasoline."It's all part of Obama's unified view of the way energy affects our economy, our environment and climate, and our national security interests. He's advocating a much more pro-active leadership approach to science than the Republican party has prioritized in recent memory. At a glance, Obama wants to:
"The commercial also accurately points out that McCain favors drilling off the coasts of California and Florida, while Obama does not. But many economists are not convinced that oil exploration off the coasts would dramatically reduce gasoline prices any time soon. Instead, oil prices have risen because demand has outpaced production worldwide. The commercial does not mention that McCain once opposed offshore exploration. And it probably is no accident that the commercial is being aired in Ohio, Michigan, and Wisconsin rather than Florida and California.""VERDICT: 'Stretching The Truth'" [Columbus Dispatch 7/7]
All you have to do is donate at least $5 this month via special links provided at the Obamesque blog and you're in the running to meet Senator Barack Obama BACKSTAGE and see him accept the Democratic nomination in front of 75,000 people. Can you imagine seeing the convention from this perspective, and meeting the man who will probably be the next President of the United States?And these spending cuts would be on top of the hundreds of billions of dollars of spending cuts Senator McCain needs to pay for his existing proposals including: increasing defense spending, cutting corporate taxes, eliminating the Alternative Minimum Tax (AMT), and a small tax cut for middle class families with children (a total of $125 for middle class families with 2 children and $0 for 101 million households who do not qualify). The New York Times has estimated that Senator McCain’s budget plan “will add $200 billion to $300 billion or, depending on his voluntary tax system, even more” annually to the deficit.
Without these offsets and spending cuts, the McCain budget would leave a deficit of at least $650 billion to $750 billion in 2013 alone. No wonder so many Republicans are now reporting that they’ll vote for Barack Obama in November.
Chevron Corp. has declared a force majeure on its oil exports following a particularly destructive attack on one of its installations in the Niger Delta.
Officials at the U.S. oil company said that though production was unaffected at offshore installations, Chevron could not meet its production quotas for customers because of shortfalls caused by the pipeline attack last week at the Escravos oil field in the delta.
Though Chevron would not say just how much production was lost due to the attack, Nigerian energy officials estimated the losses at over 100,000 barrels per day, a blow that prompted the company to declare force majeure, relieving them of their contractual obligations until the assaulted pipeline can be repaired and secured.
Chevron, meanwhile, is not the only company reeling from the recent increase in violence against foreign oil interests by armed militant groups in the delta. Royal Dutch Shell (NYSE:RDS-A), the leading foreign petroleum company operating in Nigeria, suffered yet another in a long list of attacks at its Bonga facility last week, prompting the Anglo-Dutch company to halt production for several days.
It wasn't the first time Shell was forced to scale back production due to militant violence. In January, Shell shut down operations at its Forcados terminal following pipeline attacks that threw its 100,000 barrel-per-day production offline. The terminal already had been shut once before because of violence and reopened in October 2007 after more than a year of halted production. Since its reopening, the facility, which can produce some 450,000 barrels per day, had been operating at a fraction of its capacity.
Now Burnett is talking with his checkbook, too. After submitting his resignation last month, he donated $3,600 to Democrat Barack Obama's presidential campaign. That came on top of a $1,000 contribution he made to Obama before rejoining the EPA last year.
A Stanford-trained economist and a Democrat, Burnett, 31, said in an interview that he was moving back to Northern California to campaign for Obama and Rep. Sam Farr (D-Carmel).
He said he was counting on them to support stepped-up efforts to curb greenhouse gases.
