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.
Cover-up or witch hunt?: The latest on the WH ties to Russia Less than two months into his Presidency, Donald Trump is struggling to get his agenda under way, making it harder himself with tweets that dominate public attention. Meanwhile, important questions are going unanswered: why have staff members and the Attorney General lied about contacts with Russian officials?
CBO: Under GOP plan, millions will lose coverage Republicans are divided and Democrats are saying, "we told you so," when it comes to official estimates of what it will cost to repeal and replace Obamacare. The Trump White House says the Congressional Budget Office is just wrong.
America's top diplomat faces challenges in Asia Whatever happened to America's "pivot to Asia?" That's just one of the questions left hanging since Rex Tillerson's first trip there as Secretary of State. Is the Trump Administration hoping to change Foreign Policy or maintain the status quo?