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VOA News – Energy Experts Question Rhetoric of Both Candidates in Presidential Election

November 2, 2008
  • tags: energy,presidential election,alternative energy,Obama,McCain

    • One of the more contentious issues in this year’s U.S. presidential election has been energy, with Democratic candidate Barack Obama favoring more alternative energy development and criticizing oil companies earning record profits. Republican candidate John McCain has called for more development of domestic oil and gas resources with the slogan "Drill, Baby, Drill." Energy experts see promise in some proposals set forth by the campaigns, but are less enthused about the slogans. VOA’s Greg Flakus has more from Houston.

       

      Although the financial crisis has become the dominant issue in this year’s election, concern about high energy costs have not disappeared. Fuel prices remain higher than they were four years ago and many people expect them to head back to recent peaks once the economy rebounds.

      Barack Obama has called for more government investment in alternative energy, a windfall profits tax on oil companies and, while he has said he would "look at" possibly opening more U.S. coastal areas to exploration and drilling, he has criticized oil companies for not fully using leases they already have.

      John McCain favors opening areas for development in the eastern Gulf of Mexico and on both the Atlantic and Pacific coasts where drilling has been banned for the past 30 years. He also favors expansion of nuclear energy as well as other alternatives.

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