http://www.ProgressiveAccountability.org
Ever wonder why John McCain wants to drill for oil off of our coasts so badly? It’s not to help gas prices; he knows it won’t help at all in the short-term, especially not when we have a clear need to get off of oil forever. There’s a bipartisan coalition growing that understands we need to get off oil. But John McCain wants to dig us even deeper in the oil well, harming the environment and making us less secure in our energy needs.
So why does he want to do this, when the reality of the situation demonstrates what a terrible idea it is? I’ll give you 29 guesses.
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http://www.todaysfinancialnews.com — If you thought the T. Boone Pickens $125 oil prediction was a shock, CIBC World Markets chief economist, Jeff Rubin, is predicting $200.
http://mediamatters.org/mmtv/200908310028
Chapter 17a – Peak Oil: Energy is the lifeblood of any economy and a steady supply of energy is necessary to maintain the status quo, while an ever-increasing supply is needed to grow an economy. In this chapter, Dr. Chris Martenson explains that Peak Oil is not a theory, rather it is a description of how oil production increases over time, reaches a peak, then declines. Evidence points to a global production peak in the near future, which is troubling since the U.S. imports two-thirds of its oil and relies on it to much of its transportation and food production needs. 
Disguising a company picnic as a citizen’s energy rally, private security and police barred interested citizens from entering the “astroturf” event. Even though they advertised the event as a public, grassroots rally, and even had emails sent out encouraging people to attend, not even staunch supporters of the industry’s stance on climate legislation were allowed in. The only people allowed through the doors were those with petroleum company employee badges and yellow “Energy Citizen” t-shirts that were handed out amongst the employees.
Author and Activist, Antonia Juhasz, discusses her book, The Tyranny of Oil, and what we must do to stop it. Freddy’s Brooklyn Roundhouse presents Ms. Juhasz’s brief history of the oil industry and how deregulation and reconsolidation have created concentrated financial giants that are destroying our economy and the environment.
Newt explains why oil companies make more money with less supply and that inaction on drilling and other sources of energy is what is reallymaking oil companies rich.
In his second visit to Elkhart County this year, President Obama announces $2.4 billion in highly competitive grants to develop the next generation of fuel-efficient cars and trucks. $39 million of that will go to Navistar in Elkhart County, a region hard hit by the recession.
The U.S. is vulnerable and the government is unprepared for unacceptably high risks of oil supply shock, with Matthew Simmons, Simmons & Co. International chairman; John Kilduff, Fimat USA Energy Risk Management senior vice president and CNBC’s Bob Pisani
“The Age of Oil — 100-plus years of astonishing economic growth made possible by cheap, abundant oil — could be ending without our really being aware of it. Oil is a finite commodity. At some point even the vast reservoirs of Saudi Arabia will run dry. But before that happens there will come a day when oil production ‘peaks,’ when demand overtakes supply (and never looks back), resulting in large and possibly catastrophic price increases that could make today’s $60-a-barrel oil look like chump change…