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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (356825)	3/31/2010 6:04:23 AM
From: FJB	Respond to of 793772

All workers on the platforms must join the SEIU. <G>

To: Bearcatbob who wrote (356825)	3/31/2010 6:48:57 AM
From: Snowshoe	Read Replies (1) \| Respond to of 793772

Bearcat, I think the idea of an offshore drilling compromise has been baked in since the beginning. Obama has to triangulate here and logic dictates a plan to satisfy the majority while pissing off the diehards on either side. The Eastern GOM is next to the existing infrastructure so it's an obvious next step for US offshore development. The Cuban drilling threat just gives it added impetus. The resource survey along the Mid-Atlantic coastal states will likely involve the latest 3-dimensional seismic analysis to pinpoint prospective leasing areas. Any positive results would be a boost for opening up leasing there. You know that California is dead set against offshore drilling, so that's off the table. The Alaska resource development crowd will flip out about the Bristal Bay lockup, but my state has lost so much clout in DC that nobody cares what happens to us anymore.

To: Bearcatbob who wrote (356825)	3/31/2010 2:37:49 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 793772

Richard Haass of the CFR is worried about the bond market vigilantes: Haass isn’t worried about the Chinese dumping U.S. debt abruptly. “It’s in the best interest of the Chinese to act cautiously,” says Haas. “They want political stability, which requires high employment, which means exporting to the U.S. They don’t want to weaken our economy. And we need them to buy our debt. In a sense we are in a mutual hostage relationship.” Haass’ nightmare scenario is that bond market vigilantes will push market interest rates up dramatically, cutting off the recovery and sending the nation even deeper into debt. That in turn would make it tougher for the U.S. to maintain its defense and foreign aid budgets, and to invest in its people and infrastructure. “Rising deficits mean we cannot invest in our future,” says Haass. “And we cannot remain a world leader if we cannot invest.” thefiscaltimes.com