drilling - Page 4 of 5

Oil Prices Dip, Stocks Rise

Staff / Truthdig Aug 6, 2008 Finally, some slightly better financial news has hit the wires after months of sobering reports: Oil prices dropped to a three-month low on Tuesday, which may be due to "the softening market," as one analyst puts it in this NYT account, but whatever the reason it still means a slight reprieve from weeks of punishing prices. Stock markets had their biggest gains in four months. Dig deeper ( 1 Min. Read )

Pelosi Takes the Heat on Drilling

Staff / Truthdig Aug 6, 2008 According to the Politico, House Speaker Nancy Pelosi has given her blessing to vulnerable Democrats to rebel against the party's position on offshore drilling. The strategy goes something like this: Pelosi plays the liberal from San Francisco while representatives of more conservative districts berate her. With a majority intact, the Democrats push through a comprehensive energy policy sometime in 2009. Dig deeper ( 1 Min. Read )

McCain Camp Gets Big Checks From Big Oil Execs

Staff / Truthdig Aug 4, 2008 It's not particularly surprising that oil executives at the Hess Corp. got a little excited when John McCain changed his position in June and called for offshore drilling, but it is interesting that the Hess brass, according to Talking Points Memo, apparently demonstrated their gratitude (cue cash register sound effect here) by writing some big checks to the McCain campaign. Dig deeper ( 1 Min. Read )

McCain’s Oil Drilling Hoax

Joe Conason / Truthdig Jul 31, 2008 John McCain's newfound enthusiasm for oil drilling probably has more to do with campaign donations than any public benefit -- that's because there isn't any. Dig deeper ( 3 Min. Read )

Bush Lifts Drilling Ban

Staff / Truthdig Jul 15, 2008 In keeping with his image, the president made a lot of noise on Monday while accomplishing absolutely nothing. In keeping with theirs, the Democrats condemned the president while making plans to roll over. George W. Bush lifted an executive oil drilling ban, but a national moratorium remains in place. The hot air, meanwhile, is getting to the Democrats, some of whom chastised the president while others worked up one of their famous compromises. Dig deeper ( 1 Min. Read )

McCain Pulls the Pin on Offshore Drilling

Staff / Truthdig Jun 18, 2008 John McCain is hoping that Americans, particularly those living in coastal states, are so sick of high gas prices they won't mind a little extra offshore drilling. That's a risky assessment according to The Politico and the former head of the Florida GOP, who said that back before fuel costs skyrocketed it "would have been like pulling a pin on a grenade and rolling it into the state." Dig deeper ( 1 Min. Read )

The Field Trip From Hell

Staff / Truthdig May 14, 2007 A school in Tennessee recently staged a drill with a fake gunman during a week-long field trip that left students terrified and in tears. The sixth-graders were told a teacher dressed in a hooded sweatshirt was a shooter on the loose and that it was not a drill. The school's principal said the incident "involved poor judgment." Dig deeper ( 1 Min. Read )

The 800,000-Year Old Horror Story

Staff / Truthdig Sep 5, 2006 The latest study of ice drilled from Antarctica reveals that carbon dioxide levels are substantially higher now than at any time in the last 800,000 years. Dig deeper ( 1 Min. Read )

North Korea ‘Reserves Right’ to Preemptive Action

Staff / Truthdig Aug 22, 2006 In response to an ongoing military drill organized by South Korea and the U.S., Pyongyang has said it "reserves the right to undertake a preemptive action for self-defense against the enemy, at a crucial time it deems necessary to defend itself." Dig deeper ( 1 Min. Read )