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Has Global Oil Production Reached Maximum Capacity? A Debate
on Peak Oil
Jesse Jackson on Race Comments by New White House Press Secretary
Tony Snow: "An Attempt to Make the Quest for Racial Justice
Illegitimate"
March for Peace, Justice and Democracy Scheduled in New York
Immigrant Rights Groups Call for Massive Nationwide General
Work Strike and Economic Boycott
Tens of Thousands Expected for DC Demonstration Against Darfur
Genocide
Raging Grannies Acquitted in New York
Has Global Oil Production Reached Maximum Capacity?
A Debate on Peak Oil
With the price of oil soaring to record highs and oil companies
reporting record profits, many are asking whether the world
has reached peak oil production. Peak oil occurs when half
of all existing oil has been pulled from the ground. Some
experts believe we are at peak now while others disagree.
We host a debate on the issue with Julian Darley of the Post
Carbon Institute and Michael Lynch of the Strategic Energy
& Economic Research. [includes rush
transcript]
As the price of oil soars to record highs and oil companies
report record profits, today we look at some reasons why this
may be occurring. Last Friday, oil prices rose to over $75
a barrel with consumers paying an average of $2.91 a gallon
- 68 cents higher than a year ago.
Yesterday, Exxon Mobil, the world's largest oil company,
reported the fifth highest quarterly profit for any public
company in history. In January, Exxon posted profits of almost
$11 billon, which was the highest quarterly profits of any
company ever. Exxon now holds the first, second, fourth and
fifth spots of highest quarterly earnings of any company.
And Dutch Shell, another oil company, holds the third spot.
With the mid-elections looming in November, Congress and
President Bush are scrambling over what to do about the public's
increasing concern over the rising oil prices and corporate
profits.
Yesterday, the President and some Republicans called for
eliminating the $2 billion dollars in tax breaks that Congress
passed as part of the energy bill last August. Some Democrats
have called for a repeal of oil and gas tax breaks worth more
than $10 billion dollars over the next five years. Earlier
this week, Bush stated some of his ideas to address the problem.
- President Bush, speaking to the Trade Group for Ethanol
producers in Washington D.C. on April 25th, 2006.
A conference is being held in New York City this week examining
an issue that is getting increasing attention. The
Peak Oil Conference, sponsored by Local Energy Solutions
and the Five Borough Institute is bringing together experts
in energy, agriculture, economics and geology to address what
they say is partly the cause of high oil prices. Peak oil
occurs when half of all existing oil has been pulled from
the ground. Therefore oil becomes more expensive and the economy
goes into recession. Some experts believe we are at peak now
while others disagree.
Today, we host a debate on the issue of peak oil:
- Julian Darley, founder and director of the Post
Carbon Institute and Global
Public Media. He is also author of "High Noon for
Natural Gas: the New Energy Crisis" and co-author of
the forthcoming book "Relocalize Now! Getting Ready
for Climate Change and the End of Cheap Oil."
- Michael Lynch, President of Strategic Energy & Economic
Research. Previously, Michael was Director of Asian Energy
and Security, at the Center for International Studies, M.I.T.,
as well as a Lecturer in the Diplomatic Training Program
at the Fletcher School of Law and Diplomacy at Tufts University.
Jesse Jackson on Race Comments by New White House
Press Secretary Tony Snow: "An Attempt to Make the Quest
for Racial Justice Illegitimate"
We get response from the Rev. Jesse Jackson about comments
made by incoming White Press Secretary - former Fox News commentator
Tony Snow. Last week, Snow said on his radio program, "People
like Jesse Jackson who have committed themselves to a view
that blacks are constantly victims have succeeded in creating...an
underclass that doesn't seem to be going anywhere." [includes
rush
transcript]
At the White House on Wednesday, President Bush introduced
his new Press Secretary, former Fox News commentator Tony
Snow.
Snow is already coming under scrutiny for a series of controversial
comments he's made on his radio program. Just last week, Snow
said, "People like Jesse Jackson who have committed themselves
to a view that blacks are constantly victims, have succeeded
in creating in the United States the most dangerous thing
that we've encountered in our lifetime; which is, an underclass
that doesn't seem to be going anywhere."
The Reverend Jesse Jackson joins us now on the line from
Michigan.
- Rev. Jesse Jackson, civil rights leader. He is the founder
of the Rainbow/PUSH
coalition, a progressive organization fighting for social
change.
March for Peace, Justice and Democracy Scheduled
in New York
On Saturday, United For Peace and Justice is organizing
a March for Peace, Justice, and Democracy in New York City.
We speak with an organizing coordinator of UFPJ and the Rev.
Jesse Jackson, founder of the Rainbow/PUSH coalition that
is co-sponsoring the march. [includes rush
transcript]
We turn now to a series of mass demonstrations scheduled
over the next three days. On Saturday, United For Peace and
Justice is organizing a March for Peace, Justice, and Democracy
in New York City. Co-sponsors of the march include the National
Organization of Women, Rainbow/PUSH Coalition, Friends of
the Earth, U.S. Labor Against the War, and Veterans For Peace.
More information at: April29.org
- Rev. Jesse Jackson, founder of the Rainbow/PUSH
coalition that is co-sponsoring the March for Peace, Justice
and Democracy.
Immigrant Rights Groups Call for Massive Nationwide
General Work Strike and Economic Boycott
Hundreds of thousands - if not millions - of immigrants
are expected to stage a work strike and take part in a one-day
economic boycott on Monday to protest anti-immigrant legislation
being considered by Congress. We speak with Nativo Lopez,
one of the organizers and president of the Mexican American
Political Association.
On Monday, immigrant rights groups have called for a nationwide
general immigrant strike. Hundreds of thousands - if not millions
- of immigrants are expected to stage a work strike and take
part in a one-day economic boycott to protest anti-immigrant
legislation being considered by Congress.
We speak with one of the organizers of the boycott:
Tens of Thousands Expected for DC Demonstration Against
Darfur Genocide
On Sunday, tens of thousands are expected to gather in Washington
for a demonstration against the ongoing genocide in Sudan.
We speak with Joe Madison president of the Sudan Campaign.
[includes rush
transcript]
- Joe Madison, president of the Sudan
Campaign. He will serve as the emcee for the Rally
to Stop Genocide in Washington DC this Sunday. He is
also the host of the radio show The Black Eagle.
Raging Grannies Acquitted in New York
On Thursday, 18 peace activists were acquitted in New York
on charges of blocking the entrance to a military recruitment
center in Times Square. All 18 of them were grandmothers -
part of the Raging Grannies. We speak with 91-year-old Marie
Runyon outside Manhattan Criminal Court. [includes rush
transcript]
On Thursday, 18 peace activists were acquitted in New York
on charges of blocking the entrance to a military recruitment
center in Times Square.
The case gained national attention because the 18 activists
on trial were all grandmothers -- part of the Raging Grannies.
The grannies faced up to 15 days in jail for their protest.
Shortly after their acquittal, Democracy Now caught up with
91-year-old Marie Runyon outside Manhattan Criminal Court.
For a copy of today’s program, call 1 (800) 881 2359.
Our website is www.democracynow.org.
Our email address is mail@democracynow.org.
Democracy Now! is produced by Mike Burke, Sharif Abdel Kouddous,
Ana Nogueira, Elizabeth Press, Jeremy Scahill and Parvez Sharma.
Mike Di Filippo is our engineer.
Thanks also to Uri Galed, Angela Alston, Orlando Richards,
Simba Russeau, Johnny Sender, Rich Kim, Joe Murgio, John Randolph,
Chris Zucker, Karen Ranucci, Denis Moynihan, Eric Rweyemamu,
Jenny Filipazzo and Isis Phillips.
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