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.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.