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Saturday, July 19, 2008

What Sort Of "Business" Do You Cover?

Maybe it's just my own particular view on things. Maybe it's that it takes a little more than a massive screen-crawl and a far-too-clever-for-its-own-good setting for me to think that this is the latest "cutting edge" business program.

But, that's what Rupert Mudock's Fox"Busiess" Channel is offering up to it's viewership.

In a previous episode of it's "after the closing bell" program called Happy Hour ( yeah, now you can see why it's set in a bar - very clever indeed ) Fox expects us to listen to an "oil trader" and a woman who looks like she's just at the bar to get chatted-up, down a couple of Cosmos, and then taken back to your house and bent-over your wife's new sofa to get our "business" news.

The two "business hosts" are talking about Bush lifting the banon off-shore drilling. Naomi Klein ( author of Shock Doctrine ) brings up the well-known fact that this is not a "short-term" fix like the Republicans are trying to make it sound like.

The pair seem all too eager to simply disregard Ms. Klein's presence, as well as the validity of just about everything she is saying:

Here's a short film on The Shock Doctrine:

Here's some interesting info on off-shore drilling and if it will have the desired effect on gas prices.

( hat-tip: HumeSkeptic @ The Huffington Post )

JessWonderin ( also from The Huffington Post ) provides some further info from the Department of the Interior

1. While the number of drilling PERMITS issued to the oil industry INCREASED by 361 percent between 1999 and 2007, gas prices increased from $1.25 per gallon to over $4.00 per gallon during the same period;

2. The majority of crude oil and natural gas believed to be available on the OCS - 79 percent of oil and 82 percent of natural gas - are already available for drilling through existing leases; and

3. Nearly 64 million acres of federal land and water leased to the oil and gas industry are NOT being used to increase domestic production.

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