Bush drilling push faces limits on offshore sites
Washington debate over expanding oil production centers on lifting the offshore moratorium and drilling in the Alaska refuge. Bush urges Congress to open coastal waters and the Arctic Wildlife Refuge, while Democrats question lease exploitation and warn benefits may lag a decade. Pelosi decries offshore drilling as ineffective.
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Bush
Congress
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Alaska
White House
Senate
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Florida
George H. Bush
Bill Clinton
House
Steny Hoyer
Maryland
Rahm Emanuel
Nancy Pelosi
California
Louisiana
Chevron
Gulf of Mexico
U.S
Gas price rise linked to fewer auto deaths study says
A new study from University of Alabama at Birmingham and Harvard Medical School finds that higher gas prices reduce driving and could cut annual auto deaths by up to a third. For every 10 percent price rise, deaths fall 2.3 percent, with teens 15 to 17 down 6 percent and young adults 18 to 21 down 3.2 percent.
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Washington
Michael Morrisey
University of Alabama At Birmingham
David Grabowski
Harvard Medical School
Morrisey
Associated Press
Grabowski
Coalition seeks end to oil market speculation driving prices
The Stop Oil Speculation coalition, including airlines, trucking firms, and unions, pressed Congress to close loopholes allowing traders to bypass federal limits on oil contracts as prices top $147 a barrel. They warn fuel costs threaten losses up to $10 billion for the industry this year while lawmakers push bills to empower the CFTC to curb unregulated trading amid unclear investor impact.
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Congress
James May
Air Transport Association of America
Middle East
Joe Lieberman
Iconn
Susan Collins
Rmaine
Commodity Futures Trading Commission
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THE
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Odessa, TX
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