Obama Slams McCain Over Offshore Drilling Proposal

ImageToday before John McCain could announce his energy plan that would lift the moratorium on offshore oil drilling, Barack Obama put out a statement hammering him for the idea. Obama correctly pointed out that McCain has changed his position on the issue since he ran for president in 2000.

“John McCain’s support of the moratorium on offshore drilling during his first presidential campaign was certainly laudable, 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,” Obama said.

He correctly pointed out that it would take at least a decade before an offshore drilling would have an impact on the market. “Much like his gas tax gimmick that would leave consumers with pennies in savings, opening our coastlines to offshore drilling would take at least a decade to produce any oil at all, and the effect on gasoline prices would be negligible at best since America only has 3% of the world’s oil. It’s another example of short-term political posturing from Washington, not the long-term leadership we need to solve our dependence on oil.”

I would like to add a few points of my own to Obama’s statement. The United States consumes 20, 687,000 barrels of oil a day. This means that we consume over 600 million barrels of oil a month. John McCain suggests that there is a reserve of 21 billion barrels of oil still to be drilled for in the U.S. This would be a little over 3 years of oil, if the oil actually belonged to us.

Yep, that’s the catch. Any oil that the oil companies find does not belong to the United States. It belongs to the oil companies, and they can sell it to whoever they want. Under McCain’s plan, the nation could trash its coastlines, so that China could buy more oil ten years from now. I think that it is easy to see why this is such a horrible idea. McCain’s plan is a Republican gift to the oil companies, and yet another reason why he is the wrong choice to be president.

Obama Statement

3 Replies to “Obama Slams McCain Over Offshore Drilling Proposal”

  1. The lease could be structured that way, but that isn’t the way recent leases have been done, or what McCain proposes to do. Under his proposl,the oil would belong to the oil companies.

  2. A Japanese company just released a prototype of the car that runs on water, it uses the HHO model for turning H2O in its ionic parts allowing the Hydrogen to burn and releasing the Oxygen into the atmosphere, they are looking to either Honda or Toyota to make a HHO model in the next year using their technology. So the years it would take to find and drill or oil would be wasted (and so would coastlines)for no good reason, because we would be driving water powered cars by the time they found oil and brought it to the surface.

  3. I say let the oil companies drill. If it’s true that technology is advancing so fast that cars using water (another of earth’s resources that is in short supply) will be possible by the time the oil is ready, oh well, that’s the problem of the oil companies. All that work ($$) and no one to sell it to. Karma?

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