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This week, a coalition of scientific societies and university organizations is slated to hand the Obama and McCain campaigns detailed steps and budget estimates for improving America’s ability to monitor and forecast climate trends and severe weather. This October, the Presidential Climate Action Project (PCAP), based at the University of Colorado at Denver, is expected to offer up an exhaustive agenda for a president’s first 100 and 1,000 days.
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The Department of Energy estimates that it would take more than 20 years for either production levels or prices to be affected by a repeal of the ban on offshore drilling. Because the amount of oil at stake is so tiny (about 19 billion barrels, equivalent to around seven months of global consumption), it won't do much at all to ease jitters or help deflate a bubble in oil markets.
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