Word: oiling
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...that the Obama Administration has promised the country that its environmental agencies are back on the job. And in a recession, there will be few barons, eco- or otherwise, left standing. But even with a friend in the White House, the environmental movement still faces hurdles, from oil companies to civic passivity, so there will always be a role for those with the will - and sometimes the wealth - to make a difference...
...moderate Democrats in Congress may douse some of Obama's grander ambitions. As infuriating as that is to progressives eager to seize on this "good crisis," it's a natural by-product of giving the vote to Americans who live in coal-burning, oil-drilling, far-driving and heavy-manufacturing regions. One such place is Indiana, whose Democratic Senator, Evan Bayh, will be tough to sell every line of the Obama budget to. "I've spent some time with the President, and my strong impression of him is, at the end of the day, he's a pragmatist," Bayh says...
...each year, American authorities are no less interested in bringing him down. The U.S. government is offering a $5 million reward for his capture - a rather meager amount given that Guzman's estimated net worth is $1 billion, putting him at #701 on the Forbes list, between a Swiss oil tycoon and an American heir to the Campbell Soup fortune. And unlike many of his fellow billionaires who've already lost untold fortunes to the global downturn, Guzman's empire likely made even more money in 2008 - a banner year for cocaine trafficking. (See pictures of the U.S.-Mexico border...
...want to keep money in the U.S., then sending it overseas for oil and gas is counterproductive. Yet the Obama budget includes a 13% excise tax on offshore oil and gas production in the Gulf of Mexico, threatening the domestic oil and gas industry at a time when we should be encouraging it to return resources home to America. The various tax increases in the Obama budget combine to form as great a threat to economic growth as the Smoot-Hawley Tariff - in effect a huge tax increase on consumers - did in the 1930s. Obama needs to slow down, recognize...
...solutions also include a strategy for energy abundance that would lower energy costs by exploring for more domestic oil and natural gas, as well as investing in sources of affordable energy for the future, including clean coal, renewable fuels, wind and nuclear. We also call for the abolition of capital-gains taxes, which would immediately add value to the personal portfolios of every American and bring relief to anyone saving to retire, buy a home or go to college. This is the type of vivid pro-growth, pro-savings and pro-investment strategy that's needed to create jobs...