All Posts Tagged With: "Alaska"

Holder Voids Case Against Ted Stevens. But Why?

James Joyner at OTB, this morning brings news abot the latest action of Eric Holder’s Justice Dept:

Attorney General Eric Holder has dropped the case against Ted Stevens, NPR’s Nina Toalatenberg reports.

A jury convicted Stevens last fall of seven counts of lying on his Senate disclosure form in order to conceal $250,000 in gifts from an oil industry executive and other friends. Stevens was the longest-serving Republican in the Senate, however, he lost his bid for an eighth full term in office just days after he was convicted. Since then, charges of prosecutorial misconduct have delayed his sentencing and prompted defense motions for a new trial.

According to Justice Department officials, U.S. Attorney General Eric Holder has decided to drop the case against


Stevens Guilty

I am not surprised at the guilty verdict handed down against US Senator Ted Stevens (R-Alaska) on seven counts of making false statements.  And nor should anyone else.  I stated earlier in the year that Alaskan Republicans needed to find another candidate, but they failed.  It amazes me that people like Ted can imagine that they are not only above the law, but that in the midst of failure they should continue on with their struggle for power when they should be focusing on dealing with the issue at hand… planning a appeal.   From The Hill:

The senator vowed to “fight this unjust verdict with every ounce of energy I have” and said he would return home to defend his seat.

“I am innocent. 


Offshore Drilling Ban – Almost Expired

The ban on offshore drilling expires tonight at midnight Eastern Time.  At this writing, that’s just five hours away.  

Congress was incredibly preoccupied during the weeks following its lengthy vacation, and could not (supposedly) get the work done to extend the moratorium on drilling for this oil.  Such a ban would normally have been included in the $600 billion stopgap funding bill passed last week, but would have likely led to a fight that would have shut down the government.  Instead of chasing that fight, they’ve left it up to the next Congress to address this issueKeep that in mind on election day.

Tomorrow (October 1) is known by many now as Energy Freedom Day.  This might be temporary, but we’ll take …


Congress Is Finally Back, Price Of Oil Drops Again

Crude oil dropped to $105/bbl Monday, down $1.26.  After hours the price continued to fall, as of midnight it was hanging around $102/bbl.

Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%.  According to most Democrats, this would only be possible if actual cheaper domestically drilled oil were available to put into the system immediately, not some years into the future.  Strange as it may seem, it looks like other factors, such as the continued growth in the public pressure on Congress to act and open up domestic drilling, may also influence prices.

Of course, you aren’t required to be an economist to be a member of Congress.  The problem appears …


Palin: Ready To Serve

Tonight’s speech by Sarah Palin was a smashing hit!

It was truly inspiring and gave me, and clearly the convention delegates, an even stronger sense of confidence that we will win in November.

Palin hit hard against the liberal media and Democrats who have been attacking her since Friday.

She provided an excellent case for the McCain/Palin ticket.

And she showed that she’s not the naive backwater girl that many would like you to think she is.

Following Rudy Giuliani’s speech, which itself was solid and inspiring, Palin brought what looked to me like the perfect politician: sensitive, knowledgeable, kind, and yet strong, agressive, and ready to strike where needed.

As Bithead states this evening, it’s no wonder the left is scared that they …


Price Of Oil Not So Crude

After dropping $10/bbl during the day, the price of crude settled down $5 after fears of interruptions in production from Gustav failed to materialize

It really stinks when people are disappointed that nothing bad happens.

That said, it appears we’ve dodged the bullet on the hurricane, although we cannot forget the loss of life and property that has occured.

But it is great news that oil production continues untwarted by the weather, and that the price of oil can continue falling.

When the price as down to about $105 (we closed around $110), at that point the price had lost all it had gained since the beginning of the year.

All that without actually pumping any of that oil out of ANWR or any new …


We’re Losing Momentum On Oil Prices

The price of crude is hovering around $115 / bbl.  At this point, I suspect it won’t make much motion, especially not downward, until some real action is finally taken by Congress to open up drilling.  I agree with the refrain of Republicans to do “all of the above”, that is, work the alternative energy agenda while opening update domestic drilling.  The market will continue to laugh at us on the alternative energy options (by the way, we’ve had Ethanol in the US since World War I, so let’s stop acting like alternative fuels are “new”).  But as we engage with definitive action, we will continue to see the impact on commodity prices.

The sad thing is that the market is so clearly expressing it’s …


Ted Stevens’ Indictment An Opportunity… For Republicans

Although we may all support the notion that one is innocent until proven guilty, we (and Stevens) have a responsibility to ensure that we not only keep our noses clean, we do all we can to avoid the appearance of impropriaty.  The fact that Ted managed to get himself in a situation where the FBI and prosecutors are ready to bring him down means that either Ted is guilty, or exceptionally stupid. 

The opportunity we have now in Alaska is that there is a primary scheduled in August for the Republican Senatorial Seat, which Stevens’ has held longer than any other sitting Senator, and frankly the Republican voters of Alaska need to make a statement to the entire country that Republicans will not tolerate unethical …


Why Do Oil Prices Continue To Drop?

Just when you thought you couldn’t afford to go on summer vacation, just when you thought the ONLY answer to rising gasoline prices was a “gas tax holiday“, just as various states are complaining they don’t have enough tax money collected to pay for road work, now oil prices fall to a 3 month low of 121.99 for US Crude and 122.71 for Brent Crude (at noon, central time), with no end in sight

You heard me, the analysts, the same ones that said we were likely stuck with $4-5 a gallon gasoline or higher by end of summer, are telling us that buying oil commodities is a bad deal right now, and even OPEC anticipates oil prices could fall …


Swamp Stomper Alert: Democrats and fuel prices

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Let’s take a moment to look at the Democrat response to the President’s weekly radio address… where Energy is the issue.

Joe Donnely, Congressional Democrat is part of our energy problem, not the solution.

Good morning. This is Congressman Joe Donnelly of Indiana’s Second Congressional District. Today it is my pleasure to talk to you about a few of Congress’ recent accomplishments on an issue that I believe will help define the future of our nation: energy independence and energy security. Like many Americans across the nation, the people of northern Indiana have felt the negative effects of an energy policy that favored big oil companies


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