Best news ive heard all day.... personally ill be emailing the campaign my support of lifting the offshore drilling bans...

makes me nauseous that obamas solution is to auction off carbon credits to big business, and use that money in gov't controlled research to find alternative fuel sources... i guess those business won't pass on those cost to us, right? Don't even get me started on the fact that his whole solution is based on the BS environazi scam of global warming...


http://www.washingtonpost.com/wp-dyn/content/article/2008/06/16/AR2008061602731_pf.html

Good...

Cheeper gas and more artificial reefs too.... sounds like a win-win situation :D

There's no good news here. It's just a political move to gain votes with no substance.
His statement is a lie. He has no intention of opening up the massive oil reserves in Alaska to drilling. Opening these reserves is the only way to have a serious impact on the price of oil for America. It would also cut off revenue that funds our war machine.
His conciliatory concession allows only a marginal increase of hard to get oil that wouldn't even come on line for a decade.
I do appreciate the additional fish structure though. :)

What really bothers me is this...

"but McCain will also have harsh words for market speculators who are driving up the cost of oil.
"Investigation is underway to root out this kind of reckless wagering, unrelated to any kind of productive commerce, because it can distort the market, drive prices beyond rational limits, and put the investments and pensions of millions of Americans at risk," he will say in the speech, according to excerpts the campaign provided yesterday."

He's going to try to manipulate the free market???? The free market works. Government intervention is the only thing that screws it up...much like Obama's proposal too.
Since the price of oil has risen, how much more alternative, possibly viable alternatives have you heard of? Let the F'ing market alone!
Gold is an example of the government screwing with the market in order to appease the Fed/Central Bankers/Big money. The tapestry of lies/manipulation is beginning to unravel now.
http://www.sprott.com/pdf/investorsdigest/digest.pdf