We applaud the Commodity Futures Trading Commission (CFTC) for publicly acknowledging what most educated observers have been saying for months: Wall Street speculators are reaping unconscionable profits by exploiting and manipulating the unregulated energy trading markets.
Commodity traders have pushed oil prices far higher than what can be explained by basic supply and demand. Under mounting [...]
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With gas prices and oil industry profits reaching new, obscene highs, Americans deserve real solutions to our energy crisis, and not the partisan finger-pointing that is hallmark of this administration. Beginning with the vice president’s discredited energy task force, the Bush administration has failed to address the root causes of today’s energy crisis: The lack [...]
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Meet Trevor. He works with Public Citizen’s Texas Office, which is active in the fight against new coal-fired power plants. He’s got an important message for Bank of America and CitiBank, two of the financial giants that are trying to fund new coal-fired power plants. Here’s the deal: Coal is dirty. It’s yesterday’s technology. [...]
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Dominion energy company says it’s going to build one of the “cleanest” coal-fired power plants in the nation in southwest Viriginia, yet, when the State Corporate Commission voted to approve the plant, it designated it a “conventional coal facility,” which makes us wonder who Dominion is trying to fool? With no plan to capture and [...]
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Today, executives of the five largest oil companies operating in America (ExxonMobil, BP, Shell, ChevronTexaco and ConocoPhillips) are testifying before the House Select Committee on Energy Independence and Global Warming. With crude oil consistently exceeding $100 a barrel and a national average of $3.30 a gallon for gasoline fueling record profits for the oil industry, [...]
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The anniversary of the Three Mile Island nuclear accident is a somber reminder of the fatal flaws of nuclear power and the unresolved dangers nuclear energy poses. However, despite the lessons learned from that catastrophe, the Bush administration is attempting to jump-start an industry that has been stagnant for almost three decades.
It’s almost as if [...]
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At the Washington International Renewable Energy Conference, a global ministerial-level gathering held in early March in Washington, D.C., President Bush stated “We’ve got to get off oil. … [O]ur dependence on fossil fuels like oil presents a challenge to our environment. When we burn fossil fuels we release greenhouse gases. The concentration of greenhouse gases [...]
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I’m sure there’s more to come on how Environmental Protection Agency chief Stephen Johnson and the Bush administration have conspired to ignore a U.S. Supreme Court ruling that told the EPA to start doing something about greenhouse gas emissions. There’s enough evidence already to call for Johnson’s firing. Paul Kiel writes about Johnson on the [...]
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Today, the Environmental Protection Agency released its full notice denying California a waiver under the Clean Air Act to set greenhouse gas emissions standards for motor vehicles. This decision flies in the face of recommendations made to EPA Administrator Stephen L. Johnson by his own staff. The EPA’s notice defies logic.
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To borrow from the president’s past words of wisdom, “Fool me once, shame on - shame on you. Fool me - you can’t get fooled again.”
We knew that President Bush’s final State of the Union address would be less than impressive when it comes to what American consumers want. And we expected him to continue [...]
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