http://rawstory.com//news/2008/McCain_Execs_say_offshore_drilling_results_0722.html
Tuesday July 22, 2008
McCain endorses 'big oil'' predictions to push offshore drilling
David Edwards and Nick Juliano
Republican Presidential candidate John McCain is relying on the
projections of oil company executives to push his coastal drilling
plan that would enrich those same executives -- who by the way aren't
already exploiting every op****tunity they have to drill where they're
already allowed to.
At a campaign stop in New Hamp****re Tuesday, McCain said Congress must
allow offshore drilling for oil and natural gas simply because the
possibility to drill there exists.
He dismissed suggestions that offshore drilling would have negligible
effects on lowering the price of gasoline.
"The oil executives say within a couple years we could be seeing
results from it. So why not do it," McCain said in Rochester, NH.
"We need to do it."
Offshore drilling proponents point to industry estimates that oil
could begin flowing in "three to four years," but environmentalists
and Democrats say the amount of recoverable oil isn't enough to make a
difference in prices to justify the environmental consequences.
http://www.ibdeditorials.com/IBDArticles.aspx?id=299977602247481
The environmental blog Gristmill notes a recent study from the US
Energy Information Administration that predicted offshore drilling
likely wouldn't make any difference in prices until 2030.
The same outlet calls McCain's proposal a cruel "hoax."
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Hey, if the oil companies say it, it must be true, right?
Harry
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