FROM Ralph Cavanagh
Oil and Gas Boom Reshapes US Energy Landscape Turns out it was old news to energy experts, but this week's report from the International Energy Agency has a lot of others revising their thinking about the domestic production of oil and what it will mean for jobs and the economy. Until now, it's been conventional wisdom that Saudi Arabia would be the world's leading producer of oil until 2035. Now, the Agency says the US will surpass that country in just five years . America's boom in oil and natural gas is being compared to the tech boom of the 1990's, with the unexpected capacity to create new jobs and accelerate economic recovery. But it's already bad news for the environment and lifestyles in many places — and it could drastically set back efforts to cope with global warming.
America's Oil Boom: the Economy and the Environment When the President and Mitt Romney talked about "energy independence" during the recent campaign, it had the sound of an unattainable promise. Now the International Energy Agency says the US will surpass Saudi Arabia's oil production in just five years and be "all but energy self-sufficient" soon after. That means new jobs and economic growth, but renewable fuels and increased efficiency will also have to be part of the picture. If they're not, there could be drastic consequences for the environment and climate change.
Proposition 7 Sounds Good, So Why Don’t Most Environmentalists Like it? Proposition 7 is called The Solar and Clean Energy Act of 2008. We're already seeing a blitz of TV commercials on a measure that has divided environmentalists in California. Current law requires private utilities to get 20 percent of their electricity from renewable sources by 2010. Prop 7 would speed that up by mandating 50% by 2025. Opponents agree on the goal: phase out coal, oil, natural gas and nuclear power sooner; replace them with energy from the wind, the sun, biomass and the tide.
'Do-or-die' time on healthcare bill President Trump has demanded a House vote today on replacing Obamacare…whatever the details might be. Despite his campaign promise that nobody would lose health insurance, that's possible for 24 million people if he were finally to sign this bill into law.
Nationalism's appeal on both sides of the Atlantic Nationalism, Populism, concerns about immigration and outright racism are part of election campaigns from the US to Europe. We hear how today's election in Holland reflects the recent past and may forecast the future.
Getting answers on phone taps, Russia and leaking The Directors of the FBI and the NSA testified on Capitol Hill today there's no evidence for President Trump's claim he was wire-tapped by former President Obama. We'll hear about that and the investigation into Russian tampering with last year's presidential campaign.