Offshore Dilling a Bad Idea says Schwarzenegger

Governor Schwarzenegger says people who think offshore oil drilling will bring down gas prices are just “blowing smoke”.

Some analysts say Schwarzenegger’s comment was being directed towards Republican Presidential nominee John McCain and possible running mate Florida Governor Charlie Crist.

The California Governor also criticized U-S energy consumers for not using enough renewable energy.

Schwarzenegger wants 33 percent of all California electricity to come from renewable sources—the state currently gets 12 percent.

Schwarzenegger also wants to add seven Million more hybrid vehicles by 2020.

Schwarzenegger and Crist did agree on one thing that the everyday driver needs to do more for the environment—drive slower, keep engines tuned, and tires properly inflated.

LAX Improvements to be Delayed

Some long term improvements at Los Angles International Airport will be delayed.

Updates to outdated terminals and other airport facilities will have to wait as airline services are being cut.

With higher oil prices, increased fare wages, and more passenger fees…airlines are saying they need to consider the consequences of a prolonged economic downturn before spending money on improvements.

The stalled improvements would consolidate a rental car facility, a mid-field concourse and reconstruction of two runways.

LAX officials say they will proceed with a multi-billion dollar improvement of Tom Bradley International Terminal due to the high volume of foreign travel.

LAX is preparing to sell about one billion dollars in bonds to investors to help finance the first round of improvements.