| on Jun 17, 2008, 04:53 PM E.S.T.
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With pokes at Dick Cheney and Barack Obama, John McCain today is calling for an energy policy that combines heightened exploitation of American oil and nuclear power with a greater emphasis on conservation and development of alternative energy sources.
"It takes a very short leap in logic to wonder why we produce less and less crude oil while we use more and more of it, or why politicians talk so much about promoting alternative energy sources, but often do so little to promote these alternatives," McCain, the presumptive Republican presidential nominee, maintains in remarks prepared for delivery by him during his speech in Houston this afternoon.
"A reasonable observer . . . might draw the conclusion that America has
accepted this fate because we have no choice in the matter, or because
we have no resources of our own. But just the opposite is true: We do
have resources and we do have a choice."
In support of Obama, the presumptive Democratic presidential
nominee, the Democratic National Committee charged today that McCain's
call for exploiting alternative energy clashes with his Senate voting
record:
"McCain will talk about promoting renewable energy, despite a clear
record of repeatedly voting against the renewable energy incentives he
now claims to support," the DNC said in a prepared statement. "McCain
will criticize 'reckless speculators' who are driving up gas prices by
'gaming the system,' even though that speculation was allowed to take
place because the 'Enron loophole' his top economic adviser and
campaign co-chair Phil Gramm (the former senator from Texas) forced
through left energy trading markets virtually unregulated . . . All the
double talk and empty rhetoric aside, McCain is offering more of the
same failed Bush policies that have driven energy prices through the
roof."
As McCain revealed Monday, his speech today includes a proposal to
end a federal ban on offshore drilling in the eastern Gulf of Mexico
and much of the the oceanic coasts, giving states the option to approve
oil production within their waters.
"As for offshore drilling, it's safe enough these days that not even
Hurricanes Katrina and Rita could cause significant spillage from the
battered rigs off the coasts of New Orleans and Houston," he says in
the prepared text of the speech. "Yet, for reasons that become less
convincing with every rise in the price of foreign oil, the federal
government discourages offshore production." Read rest...
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