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Current worldwide rig count and U.S. Rig count, Middle East, Canada. Number of active drilling rigs. Inflation adjusted price of crude oil

Today, Sen. John McCain (R-AZ) is touring an oil rig off the coast of Louisiana in order "to highlight his support for increased domestic offshore drilling." Although he will not join McCain today, Louisiana Gov. Bobby Jindal (R) promoted McCain's oil rig visit in an appearance on Fox and Friends this morning.

John McCain again pushed for offshore drilling Monday, and suggested it could provide relief to American consumers "within a matter of months." "There are some instances within a matter of months, they could be getting additional oil. In some cases, it would be a matter of a year," McCain said at a press conference in Bakersfield, California. "In some cases, it could take longer than that depending on the location and whether or not you use existing rigs or you have to install new rigs. But there is abundant resources in the view of the people who are in the business that could be exploited in a matter of months."

"As the Deepwater Horizon rig disaster continues to unfold, the peak oil community has a "teachable moment" in which it can illuminate the reality of our energy plight. The public has had a crash course in the challenges of offshore oil, and learned a whole new vocabulary. They are more aware than ever that the days of cheap and easy oil are gone. What they do not yet grasp are the challenges in transitioning from fossil fuels to renewables. The Greens (anti-fossil fuel agitators) want to end offshore drilling, but don't realize that their alternatives are in the wrong scale or the wrong time frame to make a difference. The Browns (the fossil fuel industry) are in full damage-control mode while rapidly losing the public trust. Meanwhile, the politicians are focused on who's to blame and who will pay, while skirting the fundamental problem of our addiction to oil."

"Russian President Dmitry Medvedev on Saturday called for a global fund to fight ecological catastrophes like the Gulf of Mexico oil spill, as he sought to burnish his credentials as a green leader. Admitting that Russia itself was lagging behind other countries in its standards of environmental protection, he also said Russians should feel free to protest against the authorities on environmental issues. Medvedev said that the oil spill from the BP-leased Deepwater Horizon rig in the Gulf of Mexico -- the worst in US history -- had showed that the world had been unable to imagine the scale of such catastrophes."

Federal investigators say government officials handling billions of dollars in oil royalties engaged in illicit sex with employees of energy companies, and received improper gifts. The alleged transgressions involve 13 Interior Department employees in Denver and Washington. Alleged improprieties include rigging contracts, working part-time as private oil consultants and having sexual relationships with - and accepting golf, ski trips and dinners from - oil company employees, according to three reports released Wednesday by the Interior Department's Inspector General.

The Huffington Post has an interesting post on the main problem facing the Democrats in the upcoming US elections - the conservative media (and the usual vote rigging tactics being put into play once again)

Norma Fiorentino's drinking water well was a time bomb. For weeks, workers in her small northeastern Pennsylvania town had been plumbing natural gas deposits from a drilling rig a few hundred yards away. They cracked the earth and pumped in fluids to force the gas out. Somehow, stray gas worked into tiny crevasses in the rock, leaking upward into the aquifer and slipping quietly into Fiorentino's well. Then, according to the state's working theory, a motorized pump turned on in her well house, flicked a spark and caused a New Year's morning blast that tossed aside a concrete slab weighing several thousand pounds.

Offshore drilling became a campaign issue as gasoline prices hit $4 a gallon. Public opinion polls show that not only do Americans want their elected leaders to do something about it, but they think drilling for oil on the continental shelf is a great idea.

With coal being too dirty and wind farms and nuclear power plants arriving late, it seems the world is left with a stark choice: keep on polluting or turn out the lights. Unless, that is, someone comes up with an alternative. Energy executive Rune Bjornson thinks he has the answer. "Natural gas, more than any other fuel, is an option we have here and now," he tells the BBC in an interview. And, he adds, there is plenty of it around - unlike scarcer resources such as oil and coal.

With coal being too dirty and wind farms and nuclear power plants arriving late, it seems the world is left with a stark choice: keep on polluting or turn out the lights. Unless, that is, someone comes up with an alternative. Energy executive Rune Bjornson thinks he has the answer. "Natural gas, more than any other fuel, is an option we have here and now," he tells the BBC in an interview. And, he adds, there is plenty of it around - unlike scarcer resources such as oil and coal.