Gas and Oil Woes

"Culture of corruption." Sound familiar? Two years ago Nancy Pelosi promised to clean it up. Instead, she has been adding her own filth to the cess pool and she has been looking to T. Boone Pickens to help her do it. Apparently, the big reason for her not allowing an up or down vote on domestic drilling is because if that particular energy bill passes, then she stands to lose a great deal of money. However, if she can prevent that vote from taking place, she stands to gain a huge windfall. This is a story that isn't going to go away no matter ... Read Full Story

Blunt is the second highest Republican in the House; Blunt: Allow Development of U.S. shale oil prices; Pelosi: Would consider vote on offshore drilling as part of larger pkg; Blunt: Give people who buy fuel efficient cars tax credits; Republicans: Offshore drilling, Democrats: Focus on Alt. energy; Analysis by Rep. Roy Blunt of Missouri, (R) Minority Whip Read Full Story

You know gas is too expensive when children, who aren't anywhere near the legal driving age, are freely planning protests against increasing gas prices. Sadie and Pyper Vance of Salt Lake City, Utah are fed up with high gas prices. Gas, which is at and over $4 a gallon in some parts of the country, has caused their family enough financial woes. But when the high cost of gas caused Sadie, 9, and Pyper, 7, to lose Cable TV, the girls decided enough was enough. The Vances, like many American families, are having to budget more carefully now that gas prices are skyrocketing, and ... Read Full Story

According to economists, the American economy is experiencing a harsh economic downturn, known to many as a recession. The National Bureau of Economic Research is the official arbiter of whether the economy has entered recession. But the NBER typically does not declare a recession until way after one has begun. In a recession many businesses, solo-professionals, budding entrepreneurs are scrambling for ways to keep their business in business and fight the recession. A recession affects a lot of people across the board. In a recession don’t panic, that could just make things worse. When people panic they tend to do drastic things that will ... Read Full Story

Interview with BP Chairman T. Boone Pickens (Bloomberg News) Read Full Story