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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (75133)	9/29/2000 4:03:50 PM
From: Terry D	Respond to of 95453

Did someone already post this inaccurate drivel? Gore Blasts Bush for Alaska Oil Drilling Plan By Deborah Zabarenko CHEVY CHASE, Md. (Reuters) - Democrat Al Gore (news - web sites) rushed to defend Alaska's wilderness on Friday, saying Republican George W. Bush (news - web sites)'s plan to drill for oil there would leave decades of environmental damage and only a few months supply of fuel. ``Drilling for oil in the Arctic National Wildlife Refuge -- one of our greatest national treasures -- is bad environmental policy, and bad energy policy,'' Gore told supporters at the headquarters of the Audubon Naturalist Society, a 40 acre enclave outside Washington. ``The area is fragile,'' Gore said, speaking at a podium set up in a forest glade, not far from a butterfly meadow. ``It would take years and years of development -- to reap just a few months of increased oil supply.'' Vice President Gore, the Democratic presidential nominee, rearranged his schedule to comment on the $7.1 billion Bush energy plan, which the Republican White House candidate announced at a stop in Michigan. The Bush proposal aims to open the Alaskan wilderness to drilling, develop alternative sources and coax other nations to provide steady oil supplies. Gore contrasted his plan with the Bush offering, saying the Democratic proposal would help families pay for gas and home heating oil in the short-term and invest in cleaner technology to produce long-term environmental benefits. He said Bush's plan took ``no real action to bring oil prices down now, no real investment in new environmental technology, no real prospect of freeing ourselves from dependence on big oil and foreign oil.'' Rising energy prices have ignited a political oil war that is now raging in the 2000 White House race. Just last week Gore helped persuade President Clinton (news - web sites) to dip into the national Strategic Petroleum Reserve to try to ease prices. Bush promptly accused Gore and Clinton of playing politics at the risk of national security. But the vice president and president were rewarded by a downturn in prices. Gore Takes ``Political Heat'' Gore noted that he had been criticized for his move, but said, ``Any political heat that was generated is a lot less important than the heat families need this winter.'' Bush, a former Texas oil man, has long favored oil drilling in the Arctic National Wildlife Refuge and on Friday wrapped the idea into his new energy policy. His 10-year program would open 1.5 million acres -- or about 8 percent of the refuge -- to what Bush says would be ''environmentally responsible'' exploration. The measure would also seek to develop alternative energy sources, curb utility emissions and coax other nations to provide steady supplies of oil. Gore's running mate, Sen. Joseph Lieberman (news - web sites) of Connecticut, rearranged his schedule as well on Friday so he could attack Bush's plan on the Texas governor's home turf. Lieberman said in an interview with CNN from Houston that the governor's state was among the nation's dirtiest when it came to the quality of water, air and land. ``Folks ought to know his record here in Texas. It's been a bad one. Texas has the most toxic pollutants in the country,'' he said, adding that Houston had the dirtiest air in America. Lieberman said Bush's plan to drill for oil in the Alaskan refuge would not solve America's energy problems. Instead, he said, the government should look for efficient, alternative sources of energy. The nation's top conservation groups have hailed them as proven protectors of the environment and have denounced Bush as a bona fide threat to it. Alaska's Arctic National Wildlife Refuge consists of 19 million acres of pristine land that is home to wildlife. Gore said his own energy plan would ensure clean and reliable energy sources and reduce reliance on foreign oil without harming the environment. Gore has proposed giving families up to $6,000 to buy more fuel-efficient vehicles and provide other tax breaks for the purchase of energy-efficient building equipment and homes. He has also called for new investments in light rail systems, cleaner buses and high-speed trains. In addition, Gore has proposed expanded investment in the Small Business Innovation Research Program and the Advance Technology Program to help produce new energy-efficient and environmental technologies. He has also proposed doubling the tax credit for costs associated with generating electrical energy through wind.

To: jim_p who wrote (75133)	10/2/2000 9:50:08 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

It didn't take the market long to figure out just how good that TMR news was. I am surprised at how fast the market has reacted. Usually takes about a week for the funds to digest the news and start accumulating. They appear to have been doing the same thing I was: watching and waiting for the news. Fundamental picture has changed in a big way. No hedges, rapidly increasing production, and the Shell warrants no longer hanging over shareholder's heads. Couldn't ask for more.