While Hillary panders on taxes, Obama negotiates a ceasefire in the oil-rich Niger delta. Really. [View All]

[Occam Bandage]

LAGOS (Reuters) - Rebels who have stepped up attacks on Nigeria's oil industry in the last month said on Sunday they were considering a ceasefire appeal by U.S. presidential hopeful Barack Obama.

The Movement for the Emancipation of the Niger Delta (MEND) has launched five attacks on oil facilities in the Niger Delta since it resumed a campaign of violence in April, forcing Royal Dutch Shell to shut more than 164,000 barrels of oil per day (bpd).

"The MEND command is seriously considering a temporary ceasefire appeal by Senator Barack Obama. Obama is someone we respect and hold in high esteem," the militant group said in an e-mailed statement.

http://uk.reuters.com/article/oilRpt/idUKL0444578520080504

Meanwhile, 230 economists--both Republican and Democrat, including advisors to Presidents and Nobel laureates--signed a letter opposing the Hillary-McCain Gas Pander.

"First, research shows that waiving the gas tax would generate major profits for oil companies rather than significantly lowering prices for consumers," they wrote. "Second, it would encourage people to keep buying costly imported oil and do nothing to encourage conservation. Third, a tax holiday would provide very little relief to families feeling squeezed."

Signatories include four Nobel laureates: Joseph Stiglitz (a Clinton White House adviser), James Heckman, Daniel Kahneman and Roger Myerson. Also signing were: President-elect of the American Economic Association Angus Deaton; former AEA presidents Charles Schultze, Alice Rivlin and Peter Diamond; former Reagan administration economist Clyde Prestowitz and former Clinton economic adviser Jeffrey Frankel. Indeed, former president Bill Clinton's administration is well represented on the list, with the signatures of Jeffrey Liebman of Harvard University, Rebecca Blank of the University of Michigan and J. Bradford DeLong of the University of California at Berkeley.

http://blog.washingtonpost.com/the-trail/2008/05/05/economists_release_letter_oppo.html

The difference couldn't be starker.