Word: bidens
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...analysts are jittery this week following comments on Sunday by Vice President Joe Biden that were widely interpreted as a green light to Israel to bomb Iran's nuclear facilities. Many in the industry have long viewed such an attack as a prelude to a nightmare in global energy markets: Iran retaliating by sinking oil tankers in the Strait of Hormuz, blocking the route by which most Persian Gulf oil travels to world markets. "We will be in deep, deep trouble," says Leo Drollas, deputy director and chief economist of the Center for Global Energy Studies in London. "The market...
...Obama Administration has hastened to correct the impression that Biden's comments represented a U.S. nod and wink to an Israeli air strike. The Vice President had said that while the U.S. believes that military action against Iran would serve neither American nor Israeli interests, Israel is a sovereign nation, and if it felt threatened by Iran, it would be "entitled to" launch an attack on the Islamic Republic "whether we agree or not." President Obama reiterated in Moscow on Monday that he opposes military action against Iran and instead wants a diplomatic solution to the nuclear standoff. But Prime...
...House preoccupation. On a typical day recently, Treasury Secretary Timothy Geithner appeared in the Bronx to announce $90 million in inner-city financing; Michelle Obama revealed $851 million in new health-center grants; and the President, in the Grand Foyer, hailed stimulus jobs "building wind turbines and solar panels." Biden announced plans to fly to Pennsylvania, where he will "highlight Recovery Act broadband investments," while other agencies rolled out press releases regarding new dump-truck engines in Montana, North Dakota school grants and diesel tractors in Utah. (See pictures of Michelle Obama behind the scenes...
Meanwhile, behind the scenes, Biden has ordered his staff to return any call or e-mail from states and localities seeking guidance within 24 hours. "It's so important you make sure - don't get mad at me - that there are no water parks, golf courses or anything that doesn't pass not only the test of the law but the smell test," Biden tells the mayors during the conference call. "Because we've got to do this thing really well...
...Biden's defining moments...