Saudi oil men say west not adicted to oil, oil use will not stop (Video)

The reason why Bush would say – we need to get off our oil addiction – is because as a man who drilled for oil unsuccessfully – he is in the best place to understand the addiction to finding and dealing in oil – he’s the biggest addict.

Al Gore sounded the warning back in 2000 for the environment – when he said we need to move away from the combustion engine – because the polutatants were causing climate change – then the media echoed the Republican charge that the car industry would fail. Then there is another cost – moving leaps and bounds in technology – we have smaller this and faster that – but when it comes to energy technology everything is frozen – just like these Saudi oil reps. stuck in a time warp.

How many calls have their been for a ‘Steve Jobs’ to take over the car industry – because we know what can be achieved. A lot of this backwardness – in energy technology – is almost certainly due to the oil lobby. But there’s even a problem with this – the oil fields used to be controlled by western nations – so although they still make lots of money – the oil industry is likely not as profitable as it once was when they controlled the wells. So now $700 billion from America alone – goes to the Middle East. A place which doesn’t see a whole range of individual freedoms as a priority – and who depend almost entirely on the west for technology. Now imagine our western oil lobby being replaced by theirs. In short we could be trading our freedoms for the oil.

What they are doing at the moment primarily is building mosques everywhere – so they can build a mosque here – but you can’t build a church there. Russia recently – has enough oil of its own – when approached by the Saudis to build a mosque in their capital – told the Saudis well let us kindly build a Russian Orthodox church in your capital. Russia found that 80% of the written material in their mosques was radical – in the US the numbers are similar and most of this radicalized information is coming directly from Saudi Arabia *what was the info. saying – pretty much don’t mix in – don’t make friends with westerns or don’t respect their costumes.

We need to get off the oil for a variety of reasons – and we should not let guys who know nothing about technology – tell us what is or is not possible.

Democrats Benefiting From Post-Election Lobby Boom

Barack Obama spent much of his presidential campaign decrying the influence of Washington lobbyists. In the 10 days since he was elected, he already has had an impact: He has touched off a mini-boom on K Street.

Top lobbying firms are gearing up to handle increased demand from corporate clients who fear that the Obama administration will expand its regulatory reach and target them for tax increases. Some firms, such as Patton Boggs, Akin Gump Strauss Hauer & Feld, and Alston & Bird, are also preparing for new business resulting from the ongoing effort to stabilize the economy.

And who is cashing in on this boom? Democrats who supported Obama, such as Jaime R. Harrison.

Harrison helped mobilize voter turnout for Obama in South Carolina, and for the past two years he directed floor operations for House Majority Whip James E. Clyburn (D-S.C.) — credentials that made him a sought-after addition to firms looking for an edge in a new administration.

“I built a lot of strong relationships with members, as well as their staff, and some of my very best friends worked on the campaign,” Harrison said. He will start with the Podesta Group next week.

For some Republicans, this is bad news. Lockheed Martin, Boeing and Comcast have recently replaced Republicans in top corporate lobbying posts with Democrats. But most Republicans, especially prominent ones, profess little concern about Obama’s desire to shake up the culture in Washington, or seem chastened by strict new rules aimed at weakening their influence.

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This week, Obama transition chief John D. Podesta told reporters that the president-elect would impose “the strictest and most far-reaching ethics rules of any transition in history,” including a series of rules defining how the group that is planning the new administration will interact with the lobbying industry.

Political scientist Norman J. Ornstein said that while the rules “may exclude some good people with deep experience in their fields . . . it will also exclude those who see government service as a springboard to financial success, or who are more intent on pleasing future potential employers or clients than making tough choices in the public interest.”

But almost from the start of his campaign, Obama made clear that he would not be slamming the door on interactions with lobbyists. In a December 2007 speech in Iowa, he said he was “running to tell the lobbyists in Washington that their days of setting the agenda are over. They have not funded my campaign. They won’t work in my White House.” But the candidate quickly backed away from that second part. A few days later in Waterloo, Iowa, he changed the phrasing to say that lobbyists “are not going to dominate my White House.”

One bright line Obama will continue to draw is his prohibition on campaign contributions from lobbyists, now extended to cover the nonprofit accounts he has set up to pay transition costs and fund inauguration festivities. That is in keeping with the ban on donations Obama enforced during the campaign.

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Obama’s Transition Team Restricts Lobbyists’ Role

WASHINGTON — Turning to campaign promises in which he pledged sweeping ethics restrictions, President-elect Barack Obama will bar lobbyists from helping to pay the costs of his transition to power or working for it in any area in which they have represented clients in the last year, his transition team said Tuesday.

Mr. Obama’s aides indicated that they expected the rules to apply to his inauguration as well as the transition, but said they had yet to make a final decision on how the inauguration would be paid for.

John D. Podesta, a co-chairman of the Obama transition, called the restraints “the strictest, the most far-reaching ethics rules of any transition team in history.”

“If someone has lobbied during the past 12 months, they’re prohibited from working in the fields of policy on which they lobbied and will have to cease all lobbying activities during their work on the transition,” Mr. Podesta said, speaking to reporters in the first official briefing by the transition team.

But the new rules do seem to leave some wiggle room. Aides to Mr. Obama, who declared during the campaign that lobbyists would not “find a job in my White House,” said the guidelines allowed for lobbyists to work on the transition in areas where they have not done any lobbying.

Further, the rules apply to lobbyists who must register with the federal government; many people who work for lobbying firms or in other areas of the influence business in Washington do not have to register, because they do not personally lobby federal officials on specific issues.

Mr. Podesta said he expected the transition to employ some 450 people and have a budget of about $12 million. Of that amount, $5.2 million will be paid by the government, with the remaining $6.8 million coming from private sources, he said. Contributions will be limited to $5,000, he said, and the transition will not accept money from political action committees.

During a presidential campaign in which he raised $650 million, Mr. Obama changed the rules of fund-raising, declining public financing and creating his own multimillion-member chain of donors. At least some of those contributors will be solicited for the transition.

As a candidate, Mr. Obama laid out more detailed and onerous ethics rules than any previous prospective president, pledging to bar appointees for two years from working on matters involving their former employers, to prohibit departing officials from lobbying his administration for its duration and to require all political appointees to disclose publicly every meeting with registered lobbyists.

The rules have led to some grumbling that at a time of immense challenges, an Obama administration could be excluding a pool of substantial talent by stopping people from working for the White House in the areas they know best.

“I’ve heard the complaint,” Mr. Podesta said, “which is we’re leaving all this expertise on the side, because we’re leaving all the people who know everything out in the cold. And so be it. This is a commitment that the American public expects, and it’s one that we intend to enforce during the transition.”

It remains unclear how the rules will affect the inauguration. President Bush raised more than $40 million for his second inauguration, mostly from companies and executives.

While aides to Mr. Obama say they are keenly aware that a lavish celebration might not be well received given the faltering economy, they indicate that the historic nature of Mr. Obama’s inauguration and the expectations of high turnout all but guarantee that the occasion, on Jan. 20, will be a huge one.

Yet in one early sign that the celebrations are likely to be somewhat scaled back, Mr. Obama canceled fireworks on election night in Grant Park in Chicago, telling his advisers that the times were too serious for that type of festivity.

“It’s going to be a balancing act,” one Obama aide said, “and I’m not sure how it’s going to be done.”

The New Liberalism: How the economic crisis can help Obama redefine the Democrats

As Roosevelt did with the New Deal, Obama has represented different versions of moral leadership to different groups of voters.

In September, 1932, Franklin Delano Roosevelt, the Democratic nominee for President, was asked by a reporter for his view of the job that he was seeking. “The Presidency is not merely an administrative office,” Roosevelt said. “That’s the least of it. It is more than an engineering job, efficient or inefficient. It is preëminently a place of moral leadership. All our great Presidents were leaders of thought at times when certain historic ideas in the life of the nation had to be clarified.” He went down the list of what we would now call transformative Presidents: Washington, Jefferson, Jackson, Lincoln, Theodore Roosevelt, Wilson. (He also included Grover Cleveland, who hasn’t aged as well.) Then Roosevelt asked, “Isn’t that what the office is, a superb opportunity for reapplying—applying in new conditions—the simple rules of human conduct we always go back to? I stress the modern application, because we are always moving on; the technical and economic environment changes, and never so quickly as now. Without leadership alert and sensitive to change, we are bogged up or lose our way, as we have lost it in the past decade.”

When the reporter pressed Roosevelt to offer a vision of his own historical opportunity, he gave two answers. First, he said, America needed “someone whose interests are not special but general, someone who can understand and treat the country as a whole. For as much as anything it needs to be reaffirmed at this juncture that the United States is one organic entity, that no interest, no class, no section, is either separate or supreme above the interests of all.” But Roosevelt didn’t limit himself to the benign self-portrait of a unifying President. “Moral leadership” had a philosophical component: he was, he said, “a liberal.” The election of 1932 arrived at one of those recurring moments when “the general problems of civilization change in such a way that new difficulties of adjustment are presented to government.” As opposed to a conservative or a radical, Roosevelt concluded, a liberal “recognizes the need of new machinery” but also “works to control the processes of change, to the end that the break with the old pattern may not be too violent.”

That November, Roosevelt defeated President Herbert Hoover in a landslide. His election ended an age of conservative Republican rule, created a Democratic coalition that endured for the next four decades, and fundamentally changed the American idea of the relationship between citizen and state. On March 4, 1933, Roosevelt was inaugurated under a bleak sky, at the darkest hour of the Great Depression, with banks across the country failing, hundreds of thousands of homes and farms foreclosed, and a quarter of Americans out of work.

In defining his idea of the Presidency, Roosevelt had left himself considerable room for maneuvering. His campaign slogan of a “new deal” promised change, but to different observers this meant wildly different things, from a planned economy to a balanced budget. “Roosevelt arrived in Washington with no firm commitments, apart from his promise to ‘try something,’ ” the Times editorialist Adam Cohen writes in his forthcoming book, “Nothing to Fear: FDR’s Inner Circle and the Hundred Days That Created Modern America.” “At a time when Americans were drawn to ideologies of all sorts, he was not wedded to any overarching theory.”

Barack Obama’s decisive defeat of John McCain is the most important victory of a Democratic candidate since 1932. It brings to a close another conservative era, one that rose amid the ashes of the New Deal coalition in the late sixties, consolidated its power with the election of Ronald Reagan, in 1980, and immolated itself during the Presidency of George W. Bush. Obama will enter the White House at a moment of economic crisis worse than anything the nation has seen since the Great Depression; the old assumptions of free-market fundamentalism have, like a charlatan’s incantations, failed to work, and the need for some “new machinery” is painfully obvious. But what philosophy of government will characterize it?

The answer was given three days before the election by a soldier and memoirist of the Reagan revolution, Peggy Noonan, who wrote in the Wall Street Journal, “Something new is happening in America. It is the imminent arrival of a new liberal moment.” The Journal’s editorial page anticipated with dread “one of the most profound political and ideological shifts in U.S. history. Liberals would dominate the entire government in a way they haven’t since 1965, or 1933. In other words, the election would mark the restoration of the activist government that fell out of public favor in the 1970s.” The Journal’s nightmare scenario of America under President Obama and a Democratic Congress included health care for all, a green revolution, expanded voting rights, due process for terror suspects, more powerful unions, financial regulation, and a shift of the tax burden upward. (If the editorial had had more space, full employment and the conquest of disease might have made the list.)

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McCain’s Green Economy: Drill, Baby, Drill (Video)

When it comes to the environment, John McCain only has the interests of Big Oil at heart. That’s why he has over 22 Big Oil lobbyists advising him. That’s why he favored lifting the moratorium on off-shore drilling — a move that prompted Big Oil to donate over $1 million to his campaign. And thanks to the League of Conservation Voters, we’ve got the proof!

Frank Factor Votes Early: Is Obama Really a Cracker Hating, Communist? (Video)

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CORRECTION: BARACK OBAMA’S EXPERIENCE:

*8 years as State Senator for district of over 750,000 people
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*4 years in Senate representing a state of 13 million
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*First black President of Harvard Law Review
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*12 years as Constitutional Law professor
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*Chairman of Senate’s Health and Human Services committee
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*Sponsored 136 bills,
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*Served on Foreign Affairs, Environment & Public Works and Veteran’s Affairs committees

Exxon Mobil: Biggest profit in U.S. history for Big Oil

Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion.

NEW YORK (CNNMoney.com) — Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.

Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.

The company’s prior record was $11.68 billion in the second quarter of 2008.

The latest quarter’s net income equaled $1,865.69 per second, nearly $400 a second more than the prior mark.

The company said its revenue totaled $137.7 billion in the third quarter.

Shell profits up 22%

Analysts had expected Exxon to report a 40% jump in earnings to $2.38 per share, or net income of $12.2 billion, and a 28% surge in revenue to $131.13 billion, according to a consensus of estimates compiled by Thomson Reuters.

Exxon’s stock price slipped by nearly 3% in afternoon trading.

The company’s earnings were buoyed by oil prices, which reached record highs in the quarter before declining. Oil prices were trading at $140.97 a barrel at the beginning of the third quarter, and had fallen to $100.64 at the end.

Compare that to 2007, when prices traded at $71.09 a barrel at the beginning of the third quarter, and rose to $81.66 by the end.

Exxon’s special charges include the gain of $1.62 billion from the sale of a German natural gas company. It also includes the $170 million charge in interest related to punitive damages from the Valdez oil spill off the Alaskan coast in 1989.

The Irving, Texas-based company said it lost $50 million, before taxes, in oil revenue because of Hurricanes Gustav and Ike. The company expects damages related to these hurricanes to reduce fourth-quarter earnings by $500 million.

Despite the surge in profit, Exxon said oil production was down 8% in the third quarter, compared to the same period last year.

The company also said it is spending more money to locate new sources of oil. Exxon said it spent $6.9 billion on oil exploration in the third quarter, a jump of 26% from the same period last year. The company said it began a new program to tap natural gas offshore from Nigeria.

Exxon also has an aggressive program for buying back stock with 109 million of its shares repurchased during the third quarter, at a cost of $8.7 billion.

In a conference call with analysts, David Rosenthal, vice president of investor relations for Exxon, said the company’s “first priority” is utilizing profits to continue investing in exploration programs for oil and other resources.

Source: CNNMoney

Rick Davis McCain’s Well Connected Lobbyist: Ponders Playing Rev. Wright Card (Play McCain Lobbyist Game)

Play the McCain Lobbyist game ~ simply click on the icons to see how they are connected ~ above is Oh Ricky’s Lobbyist connexions. Below is McCain’s Corporate Lobbyist connexions

It’s how he plans to ‘work for you!’

John McCain’s campaign manager says he is reconsidering using Barack Obama’s relationship with Reverend Jeremiah Wright as a campaign issue during the election’s closing weeks.

In an appearance on conservative Hugh Hewitt’s radio program, Davis said that circumstances had changed since John McCain initially and unilaterally took Obama’s former pastor off the table. The Arizona Republican, Davis argued, had been jilted by the remarks of Rep. John Lewis, who compared recent GOP crowds to segregationist George Wallace’s rallies. And, as such, the campaign was going to “rethink” what was in and out of political bounds.

“Look, John McCain has told us a long time ago before this campaign ever got started, back in May, I think, that from his perspective, he was not going to have his campaign actively involved in using Jeremiah Wright as a wedge in this campaign,” he said late last week. “Now since then, I must say, when Congressman Lewis calls John McCain and Sarah Palin and his entire group of supporters, fifty million people strong around this country, that we’re all racists and we should be compared to George Wallace and the kind of horrible segregation and evil and horrible politics that was played at that time, you know, that you’ve got to rethink all these things. And so I think we’re in the process of looking at how we’re going to close this campaign. We’ve got 19 days, and we’re taking serious all these issues.”

To Ruin or Not To Completely Ruin, McCain’s Reputation

McCain has reportedly avoided discussion of Wright because of its racial implications. Apparently, since he already stands accused of stoking crowd anger akin to the South in the 1960s, his campaign just might be willing to walk down that slippery slope and risk justifying Lewis’ proclamation.

Even before Davis took to the Hugh Hewitt Show, it was clear that members of McCain’s inner circle were pining for him to use some of Wright’s more inflammatory quotes to hammer away at Obama. Vice presidential candidate Sarah Palin told New York Times columnist Bill Kristol that she didn’t know “why that association isn’t discussed more, because those were appalling things that that pastor had said.”

Certainly there are Democrats operatives who have long anticipated the Wright card being played and are shocked, to a certain extent, that McCain has avoided the topic. One high-ranking strategist told the Huffington Post that he thought the Republican ticket could have gained far more traction by going after Obama’s pastor “as opposed to some neighborhood association” — referencing former Weather Underground member Bill Ayers. McCain, he added, didn’t have to even do it himself. He could pass the task over to a 527 organization or outside group. But with the money woes facing the Republican Party, the fundraising and infrastructure for such an effort has not been built. The decision to bring up Wright is left firmly in McCain’s hands.

Source: HP

The End Of Free-Market Fundamentalism?

Amid the chaos and chatter about this week’s financial bailout, one clear theme emerged in some quarters: The era of free-market fundamentalism is over. But is it, really?

Source: ANP

McCain: He’s A Betting Man, Host of Ties to Gambling

See how McCain profited from being a Maverick!

Senator John McCain was on a roll. In a room reserved for high-stakes gamblers at the Foxwoods Resort Casino in Connecticut, he tossed $100 chips around a hot craps table. When the marathon session ended around 2:30 a.m., the Arizona senator and his entourage emerged with thousands of dollars in winnings.

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BETS Mr. McCain supported tax breaks for casinos over the years, including one that helped Foxwoods in Connecticut. He has also gambled there.

A lifelong gambler, Mr. McCain takes risks, both on and off the craps table. He was throwing dice that night not long after his failed 2000 presidential bid, in which he was skewered by the Republican Party’s evangelical base, opponents of gambling. Mr. McCain was betting at a casino he oversaw as a member of the Senate Indian Affairs Committee, and he was doing so with the lobbyist who represents that casino, according to three associates of Mr. McCain.

The visit had been arranged by the lobbyist, Scott Reed, who works for the Mashantucket Pequot, a tribe that has contributed heavily to Mr. McCain’s campaigns and built Foxwoods into the world’s second-largest casino. Joining them was Rick Davis, Mr. McCain’s current campaign manager. Their night of good fortune epitomized not just Mr. McCain’s affection for gambling, but also the close relationship he has built with the gambling industry and its lobbyists during his 25-year career in Congress.

As a two-time chairman of the Indian Affairs Committee, Mr. McCain has done more than any other member of Congress to shape the laws governing America’s casinos, helping to transform the once-sleepy Indian gambling business into a $26-billion-a-year behemoth with 423 casinos across the country. He has won praise as a champion of economic development and self-governance on reservations.

“One of the founding fathers of Indian gaming” is what Steven Light, a University of North Dakota professor and a leading Indian gambling expert, called Mr. McCain.

As factions of the ferociously competitive gambling industry have vied for an edge, they have found it advantageous to cultivate a relationship with Mr. McCain or hire someone who has one, according to an examination based on more than 70 interviews and thousands of pages of documents.

Mr. McCain portrays himself as a Washington maverick unswayed by special interests, referring recently to lobbyists as “birds of prey.” Yet in his current campaign, more than 40 fund-raisers and top advisers have lobbied or worked for an array of gambling interests — including tribal and Las Vegas casinos, lottery companies and online poker purveyors.

When rules being considered by Congress threatened a California tribe’s planned casino in 2005, Mr. McCain helped spare the tribe. Its lobbyist, who had no prior experience in the gambling industry, had a nearly 20-year friendship with Mr. McCain.

In Connecticut that year, when a tribe was looking to open the state’s third casino, staff members on the Indian Affairs Committee provided guidance to lobbyists representing those fighting the casino, e-mail messages and interviews show. The proposed casino, which would have cut into the Pequots’ market share, was opposed by Mr. McCain’s colleagues in Connecticut.

Mr. McCain declined to be interviewed. In written answers to questions, his campaign staff said he was “justifiably proud” of his record on regulating Indian gambling. “Senator McCain has taken positions on policy issues because he believed they are in the public interest,” the campaign said.

Mr. McCain’s spokesman, Tucker Bounds, would not discuss the senator’s night of gambling at Foxwoods, saying: “Your paper has repeatedly attempted to insinuate impropriety on the part of Senator McCain where none exists — and it reveals that your publication is desperately willing to gamble away what little credibility it still has.”

Over his career, Mr. McCain has taken on special interests, like big tobacco, and angered the capital’s powerbrokers by promoting campaign finance reform and pushing to limit gifts that lobbyists can shower on lawmakers. On occasion, he has crossed the gambling industry on issues like regulating slot machines.

Perhaps no episode burnished Mr. McCain’s image as a reformer more than his stewardship three years ago of the Congressional investigation into Jack Abramoff, the disgraced Republican Indian gambling lobbyist who became a national symbol of the pay-to-play culture in Washington. The senator’s leadership during the scandal set the stage for the most sweeping overhaul of lobbying laws since Watergate.

“I’ve fought lobbyists who stole from Indian tribes,” the senator said in his speech accepting the Republican presidential nomination this month.

But interviews and records show that lobbyists and political operatives in Mr. McCain’s inner circle played a behind-the-scenes role in bringing Mr. Abramoff’s misdeeds to Mr. McCain’s attention — and then cashed in on the resulting investigation. The senator’s longtime chief political strategist, for example, was paid $100,000 over four months as a consultant to one tribe caught up in the inquiry, records show.

Mr. McCain’s campaign said the senator acted solely to protect American Indians, even though the inquiry posed “grave risk to his political interests.”

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Source: NYTimes

McCain Aide Still An Officer At Lobbying Firm ~ McCain Puts Lobbyist First

McCain spins a tall tale about fixing Washington and earmark spending ~ but says little if nothing about the lobbyist in operation behind the scenes in Washington ~ or even the group running his campaign.

All lobbyist can’t be bad ~ but the lobbyist is a paid interest ~ a paid concern for a group or corporation. I might care about poplar bears ~ but they are paid to care about polar bears ~ but more likely the lobbyist with most influence will be those of corporate concerns ~ and they have a record of seeing that their interests are placed over the interests of the American people. And the problem is that John McCain is so closely tied so closely to them, because they represent the interests of the few.

Rick Davis, John McCain’s campaign manager, has remained the treasurer and a corporate director of his lobbying firm this year, despite repeated statements by campaign officials that he had ended his relationship with the firm in 2006, according to corporate records.

The McCain campaign this week criticized news stories disclosing that, since 2006, Davis’s firm has been paid a $15,000-a-month consulting fee from Freddie Mac, the troubled mortgage giant recently put under federal conservatorship. The stories, published Tuesday by NEWSWEEK, The New York Times and Roll Call, reported that the consulting fees continued until last month even though, according to two sources familiar with the arrangement, neither Davis nor anybody else at his firm did any substantial work for the payments.

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Source: HP