FROM Eric Smith
To Drill or Not to Drill The price of oil crossed the $100-a-barrel threshold at the first of this year. Last week, it hit a record $147, then dropped below $130. But it's creeping up again today. Nobody expects to see $100 a barrel ever again. That means high gasoline prices are here to stay. From President Bush on down, Republicans are advocating an end to the moratorium on off-shore oil drilling. High gas prices are increasing public support, even though there would be no direct impact for decades. We hear from Congressmen on both sides of what's shaping up as a major election-year issue. Would the declared intention to expand domestic supplies send the right message to oil producers and speculators around the world? Should oil companies drill first on land they've already leased? What about seizing the moment to get off oil and deal with global warming?
Is California Ready to Rethink Offshore Oil Drilling? Offshore oil drilling is almost an abstract issue in California, except in Long Beach and Santa Barbara, where giant rigs dominate the scenery. Now the high price of gasoline has John McCain campaigning to end the federal moratorium on offshore drilling—in those states that approve it. Governor Schwarzenegger is opposed to the idea. State Democratic leaders today denounced it. But as many as 5.6 billion barrels of oil might be available off California—along with 10 trillion cubic feet of natural gas.
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Trump's Russia ties intensify with Comey firing Acting FBI Director Andrew McCabe contradicted the Trump White House today, insisting the Bureau had not lost faith in former Director James Comey. He promised to notify the committee of any interference into investigation of the Trump campaign's contacts with Vladimir Putin's Russia. What do we know about those contacts… and how they relate to Trump's business interests and those of his family?
Trump's intelligence disclosures cause chaos On the eve of departure for his first trip overseas, President Trump is embroiled in another controversy. It's about reports that he shared highly classified information with two high-ranking Russians.
Trump fires FBI Director James Comey Vice President Mike Pence took the Administration's lead today in explaining why the President fired the Head of the FBI, saying, "The president made the right decision at the right time." Trump's action is being compared to the so-called "Saturday Night Massacre" that led to President Richard Nixon's resignation in 1973.