Democratic presidential candidate Barack Obama said Friday he would be willing to support limited additional offshore oil drilling if that’s what it takes to enact a comprehensive policy to foster fuel-efficient autos and develop alternate energy sources.
Shifting from his previous opposition to expanded offshore drilling, the Illinois senator told a Florida newspaper he could get [...]
McCain’s new ad accuses Obama of keeping gas prices high, all by himself. That’s absurd, and McCain knows it – he has said repeatedly that our current problems were “30 years in the making.”
The ad also tells us that gas prices are high because “some in Washington are still saying no to drilling in America.” [...]
McCain suggested the longer gas tax holiday the day before his visit Friday to a General Motors plant in Michigan, and a town hall meeting with auto workers. The auto industry was already reeling from its own problems when it was rocked again by gas costing $4 a gallon and more, and the state of [...]
With the cost of gas a top issue in the presidential campaign, Barack Obama on Sunday will announce a plan to crack down on oil speculation by tightening regulations on energy traders.
The announcement is further evidence that an Obama administration would take an activist, populist approach to regulating business.
Obama wants to close a loophole in [...]
McCain has spent the week focusing on energy policy, making some surprising, and inaccurate, statements.
Among them:
* He said that ending a moratorium on offshore oil drilling “would be very helpful in the short term in resolving our energy crisis.” But according to a government report, offshore oil wouldn’t have much of an impact on supply [...]
Still, on Tuesday, he criticized his rival for proposing a windfall profits tax on the oil industry. The attack was complicated by McCain’s earlier statement that he would consider the same thing.
On Thursday, the Arizona senator flew to Iowa, a likely battleground state in the fall, where he expressed sympathy with victims of severe flooding [...]
“But his decision to completely change his position and tell a group of Houston oil executives exactly what they wanted to hear today was the same Washington politics that has prevented us from achieving energy independence for decades,” the Illinois senator said in a statement.
“Much like his gas tax gimmick that would leave consumers with [...]
Sen. John McCain said Monday the federal moratorium on offshore oil and gas drilling should be lifted, and individual states given the right to pursue energy exploration in waters near their own coasts.
With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender said his proposal would “be very [...]
Democrat Barack Obama told voters Saturday he would push an aggressive economic agenda as president: cutting taxes for the middle class, raising taxes on the wealthy, pouring money into “green energy” and requiring employers to set up retirement saving plans for their workers.
Campaigning in Pennsylvania, a key battleground in the fall campaign, Obama said he [...]
With gas prices reaching a national average of four dollars a gallon — a record high — John McCain is planning to resurrect his call for a national gas tax holiday, which became a staple of his stump speech in late April and early May.
Link:CNN.com
