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John McCain stood atop an oil rig in the Gulf of Mexico on Tuesday and proclaimed that he had the key to solving America's energy woes, slashing the price of gas, and unfettering U.S. foreign policy from its addiction to foreign oil. Drill. Drill here. And drill now. "Americans across our country are hurting because of the cost of energy," said McCain in a speech on the Chevron-owned rig. "It's time for America to get serious about energy independence, and that means we need to start drilling offshore at advanced oil rigs like this...
...Some eyebrows were raised in Montenegro when the government agreed to a $5 million sale price for about 62 acres (25 ha) of land and a half-mile (0.8 km) stretch of palm-shaded shoreline facing a wide bay backed by mountains. But, contends Djukanovic, "you either sell the land or buy a project. We bought a project." In addition to creating an estimated 5,000 jobs when finished, the investors agreed to clean up the waters around the site, buy out about 480 workers who lost their jobs when the shipyard shut down, and upgrade Tivat's sewage...
...Also of concern from the Sallie Mae/Gallup poll is the finding that some 40% of families didn't factor cost into the decision about which school their undergraduate should attend, which is astounding given the price difference among schools. Tuition at a private, four-year college averages about $24,000 a year, while a good public institution may be as little as $10,000, even for out-of-state enrollees, according to the College Board, the nonprofit that administers the SAT. "We eliminate homes and cars all the time due to price, but then don't go through the same...
...wage earners more the longer it takes to pay back. Aggressive on-campus marketing by credit card companies "equates signing up for a new card to impulse shopping," says PIRG spokesman Ed Mierzwinski. "No one tells students that if they don't buy off the balance each month, the price of that pizza they just charged is going to compound steadily." And if the price of a pizza can really add up over time, just think about four years of tuition...
...exploration in the western Pacific, run by at least 35 multinational energy companies. The area covers almost 700,000 sq. km. and it's growing fast. In 2003 Peru cut oil and gas royalties in an effort to kick start energy investment; that discount, compounded by the rapidly rising price of oil, sparked a mini-boom in energy exploration. Oil and gas zones now cover some 72% of the Peruvian Amazon, up from a little more than 20% a few years back. The story is much the same in neighboring countries. "Ten new projects were approved last year in Peru...