Offshore oil production makes economic sense. It creates jobs and helps fulfill America's vast energy needs. It contributes to the gross domestic product and does not increase the trade deficit. Higher oil supply helps keep a lid on rising prices, and greater American production gives the United States more influence over the global market. From the Washington Times The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or ... Read More

Moscow has overtaken Tokyo to become the most expensive city in the world, according to a new study. Moscow, Russia Seoul, South Korea Hong Kong, China London, UK Osaka, Japan Geneva, Switzerland Copenhagen, Denmark Zurich, Switzerland Oslo, Norway New York, US The cheapest? Asuncion, Paraguay ... Read More