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Al Gore unveils Live Earth '7 Point Pledge'

Al Gore on Thursday called on people around the world to sign a "7 Point Pledge" promising personal action in curbing global warming. The former vice president unveiled the pledge at a press conference to promote Live Earth, the July 7 event of concerts stretching across the globe.

Nationalization of Oil Companies creates a lack of investment and efficiency

Over 80% of the world's remaining oil reserves are owned by government, which are under far less supervision than private companies.  National oil companies are less innovative, less efficient, and less likely to reinvest profits than private companies, which could hurt global production in coming years.

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