"McCain's hoping to use gas prices as a wedge issue to win the election. That's why it's so critical that we keep spreading the message that McCain's been heavily influenced by the oil companies.When people think of Bush, they think 'oil,' but that's not true of McCain yet—even though his energy policy is almost identical to Bush's and his campaign is literally run by oil lobbyists! Check out this video from our friends at Progressive Accountability. Once you've watched, pass it on! And then please consider a donation (below) to help us spread the word."
MoveOn.org Political Action: Democracy in Action
Below is are a few things I've read on the matter:
"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. Leasing would begin no sooner than 2012, and production would not be expected to start before 2017. Total domestic production of crude oil from 2012 through 2030 in the OCS access case is projected to be 1.6 percent higher than in the reference case, and 3 percent higher in 2030 alone, at 5.6 million barrels per day. For the lower 48 OCS, annual crude oil production in 2030 is projected to be 7 percent higher—2.4 million barrels per day in the OCS access case compared with 2.2 million barrels per day in the reference case (Figure 20). Because oil prices are determined on the international market, however, any impact on average wellhead prices is expected to be insignificant." http://www.eia.doe.gov/oiaf/aeo/otheranalysis/ongr.html
Mccain's campaign also says it will do no good; http://thinkprogress.org/2008/06/18/top-mccain-adviser-offshore-drilling-will-have-no-immediate-effect-on-gas-prices/
No expert will back the BushCain claim; http://www.huffingtonpost.com/2008/06/23/impossible-finding-expert_n_108692.html
They are relying on skewed polling data based on biased questions to proclaim more Americans are for drilling: http://solveclimate.com/blog/20080728/poll-truth-clean-energy-solutions-topple-drilling and http://wilderness.org/Library/Documents/upload/BRS-Omnibus-Poll_07-22-08.pdf
The Saudi's will pump more this year at our President's request than the entire drilling venture would contribute; http://gristmill.grist.org/story/2008/6/24/151852/447
And here's why they are so under informed; http://gristmill.grist.org/story/2008/6/25/10526/4230.
The simple reality is, drilling just will never, ever do what McCain and Bush think it will.
Here's why
http://www.theseminal.com/2008/06/18/drilling-is-a-fraud/
John McCain's Connection to Big Oil & The Enron Loopholehttp://www.youtube.com/watch?v=AdRbuUQNcxw
and http://gristmill.grist.org/story/2008/6/30/62830/1353
On MSNBC Live, Andrea Mitchell discussed Sen. John McCain's call to end the moratorium on offshore oil drilling with RNC deputy chairman Frank Donatelli, but did not mention that Donatelli was a registered lobbyist for energy sector clients ExxonMobil and Dominion Resources before joining the RNC. Click here to read more... http://mediamatters.org/items/200806180004
Suppose we raised average fuel efficiency to 40 MPG by 2030; this would save us more than 5 million barrels of oil per day, 25 times as much as we would get from Senator McCain's offshore drilling. Since many cars sold today already get more than 40 MPG, this is hardly an unrealistic target. Americans drove 11 billion fewer miles in '07 http://www.dot.gov/affairs/fhwa1108.htm.
Wherever we set our targets, the simple arithmetic shows that it is far easier to have an impact on oil markets through conservation than drilling in environmentally sensitive areas.
http://www.truthout.org/article/john-mccain-wants-drill-your-toilet
An EPA email that the white house refused to open, in an attempt to stall enacting the measures recommended within, found danger to human health caused by climate change. http://www.washingtonpost.com/wp-dyn/content/article/2008/07/24/AR2008072403423.html?hpid=sec-health
and http://www.treehugger.com/files/2008/06/white-house-wont-open-emails-pt2.php
Robert Kaufmann, director of the Center for Energy and Environmental Studies at Boston University, talks about the realities of offshore oil drilling, including how much oil there might be, when it would be available and what the consequences could be. http://www.npr.org/templates/story/story.php?storyId=92677194
Alaska's longtime senator, Republican Ted Stevens, has been indicted by a federal grand jury as part of a continuing investigation of corruption in Alaska politics. The indictment accuses Stevens of filing false disclosure reports about his personal finances for 2001-2006, concealing more than $250,000 in home renovations that a private company paid for. That company was VECO, a multinational oil services company that has been at the center of the feds' corruption investigation since it was made public in 2007. http://www.opensecrets.org/news/2008/07/feds-indict-alaska-sen-stevens.html
Testimony before Senate by Michael W Masters:
I have been successfully managing a long-short equity hedge fund for over 12 years and I have extensive contacts on Wall Street and within the hedge fund community. Itʼs important that you know that I am not currently involved in trading the commodities futures markets. I am not representing any corporate, financial, or lobby organizations. I am speaking with you today as a concerned citizen whose professional background has given me insight into a situation that I believe is negatively affecting the U.S. economy.While some in my profession might be disappointed that I am presenting this testimony to Congress, I feel that it is the right thing to do.You have asked the question “Are Institutional Investors contributing to food and energy price inflation?” And my unequivocal answer is “YES.” http://hsgac.senate.gov/public/_files/052008Masters.pdf
NEW YORK (CNNMoney.com) -- The government charged an oil trading firm Thursday with manipulating oil prices in the first complaint to be announced since the regulators began a new investigation into wrongdoings in the energy markets. http://money.cnn.com/2008/07/24/markets/cftc/H. R. 6604
Bill to amend the Commodity Exchange Act to bring greater transparency and accountability to commodity markets, and for other purposes http://www.govtrack.us/congress/billtext.xpd?bill=h110-6604
Please join more than one million others who know it will take all of us coming together to solve the climate crisis. http://www.wecansolveit.org/page/s/challengeremix
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