Energy shares are rising because the oil price has hit quite a comfortable level. I'm not really concerned about rising interest rates. They've been priced into the market already.

There are fears in the market that the supply from Iran could be reduced. This is obviously positive for oil prices and oil companies.

Oil and gas shares are shining at the moment: Rising oil prices are lifting the shares which are also undervalued and offer attractive dividend yields.

inexorably tied to Persian Gulf oil and old energy.

The president's initiative ties an oil savings target to a basket of energy solutions for homes and businesses, which have nothing to do with our oil problem.

It should come as no surprise that a President who let the oil and gas industry write the country's energy policy would walk away from his promise to reduce America's dependence on foreign oil. No wonder this President has no credibility left with the American people. Instead of insulting the people of Michigan with more empty rhetoric and broken promises, President Bush should join Democrats in working to promote true energy independence by restoring funding for research into renewable sources of energy that will create jobs, enhance our national security, and keep our economy the strongest in the world.