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...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 WhipRead 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...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...Read Full Story

Can we drill our way to lower gas prices? Many people think that we can, by drilling in the Arctic National Wildlife Refuge (ANWR) and more places offshore. The Energy Information Administration (EIA) is a fact-gathering and analysis agency within the Department of Energy, created by Congress in 1977. One of its missions is to provide objective information to policymakers. By law, it is independent of politics. The EIA reported that it would take 10 years to get any oil from ANWR and seven...Read Full Story