Let me get this right. McCain's answer to the USA Energy Crisis and failing economy is to increase the production of the most expensive and extensive energy source in the world.
Oil pervades every aspect of investment globally, including food sources. To that reality, McCain wants to increase oil production so this 'fininte' source of fuel will continue to cause problems with economies at every level.
I
DON'T
THINK
SO !!!!
Exxon Mobil 2Q profit sets US record, shares fall
By JOHN PORRETTO – 1 hour ago
HOUSTON (AP) — Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell.
The world's largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago.
Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.
Excluding an after-tax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 per share.
Analysts on average expected Exxon Mobil to earn $2.52 a share on revenue of $144 billion, according to a survey by Thomson Financial. The estimates typically exclude one-time items.
The record-setting results were largely expected, given that crude prices in the second quarter were nearly double what they were a year ago. Natural gas prices were significantly higher too....
The oceans are warming and with the loss of the Arctic Ocean ice expected in September, it is obvious our fisheries are a worry.
As food prices rocket, relief from the depths (click here)
Lobster costs fall, but demand still weakAs food prices rocket, relief from the depths
Boston GlobeConsumers, squeezed by rising prices on everything from milk to eggs to bread, are finding a rare - and surprising - bargain at the fish counter: The price of lobster is going down.
Lobster prices have declined, but demand has not increased, which has hurt lobstermen and such firms as James Hook in Boston, where Mario Hernandez checked stock.
(David L. Ryan/Globe staff)
By Devra First
Globe Staff / July 30, 2008
Consumers, squeezed by rising prices on everything from milk to eggs to bread, are finding a rare - and surprising - bargain at the fish counter: The price of lobster is going down.
Last year at this time, Boston-area lobstermen were getting $5 to $5.25 per pound, according to the Massachusetts Lobstermen's Association. This year they're getting only $4.50 a pound. That's translating to lower retail prices.
At Yankee Lobster and James Hook & Co., both located in Boston, the price for soft-shell lobsters - those that have recently molted and have less meat - is currently $6.99 a pound, down from last year's price of $7.99. Soft-shell lobsters represent the bulk of the local catch right now.
The harvest has been plentiful, yet demand has declined, say those in the industry. Consumers view lobster as a splurge, and with money tight, it's not a priority on the shopping list....
Rising school costs mean fewer bus routes, higher food prices (click here)
Districts will enforce 2-mile walking radius, make changes in cafeterias
BY KIMBERLINA ROCHA AND VICTOR GARCIA krocha@visalia.gannett.com and vdgarcia@visalia.gannett.com
July 30, 2008
Tulare County students will walk more and spend more this year as a result of cost-saving measures at area school districts.
Going down: The number of bus stops. Going up: The price of food.
Tulare Joint Union High School District estimates it will save $37,843 by eliminating 15 bus stops and enforcing its 2-mile walk radius. Students who live within 2 miles of a school site must walk to a "cluster" bus stop or directly to school.
Other transportation-related measures will have less of an effect on students' routines, officials say....
