This is Bush all over again. Second verse ...same as the first.
McCain SOLD HIS SOUL to big oil for the sake of money and ambition.
Within 24 hours of McCain flip floping on off shore drilling big oil gave him over a Million dollars with much more to come.
The Washington Post ..
Campaign contributions from oil industry executives to Sen. John McCain rose dramatically in the last half of June, after the senator from Arizona
made a high-profile split with environmentalists and reversed his opposition to the federal ban on offshore drilling.
Oil and gas industry executives and employees donated $1.1 million to McCain last month — three-quarters of which came after his June 16 speech
calling for an end to the ban — compared with $116,000 in March, $283,000 in April and $208,000 in May.
McCain said the policy reversal came as a response to rising voter anger over soaring energy prices. At the time, about three-quarters of voters
responding to a Washington Post-ABC News poll said prices at the pump were causing them financial hardship, the highest in surveys this decade.[..]
McCain delivered the speech before heading to Texas for a series of fundraisers with energy industry executives, and the day after the speech he
raised $1.3 million at a private luncheon and reception at the San Antonio Country Club, according to local news accounts.
“The timing was significant,” said David Donnelly, the national campaigns director of the Public Campaign Action Fund, a nonpartisan campaign
finance reform group that conducted the analysis of McCain’s oil industry contributions. “This is a case study of how a candidate can change a
policy position in the interest of raising money.”
Link to the whole article...
Would Offshore drilling make a difference...NO according to PRESIDENT BUSH'S OWN ENERGY ANALYSTS! At best a 7% decrease and NOT UNTIL 2030!
The U.S. Energy Information Administration (EIA) recently did a detailed study of the likely outcome of offshore drilling for their Annual Energy
Outlook 2007, “Impacts of Increased Access to Oil and Natural Gas Resources in the Lower 48 Federal Outer Continental Shelf (OCS).” The sobering
The projections in the OCS access case indicate that access to the Pacific, Atlantic, and eastern Gulf regions would not have a significant impact on
domestic crude oil and natural gas production or prices before 2030.
And the impact of the projected 7% (!) increase in lower-48 oil production that might result in 2030 thanks to opening the OCS is … wait for it
… any impact on average wellhead prices is expected to be insignificant.
[edit on 29-7-2008 by maybereal11]