$15B to free us from foreign oil in 10 years

I've called for an investment of $15 billion a year over 10 years. Our goal should be, in 10 year's time, we are free of dependence on Middle Eastern oil. And we can do it. Now, when JFK said we're going to the Moon in 10 years, nobody was sure how to do it, but we understood that, if the American people make a decision to do something, it gets done. So that would be priority number one.

Source: 2008 second presidential debate against John McCain Oct 7, 2008


Drilling is a stop-gap measure, not a long-term solution

For our economy, our security, and the future of our planet, I will set a clear goal as President: in ten years, we will finally end our dependence on oil from the Middle East. Washington's been talking about our oil addiction for the last 30 years, and McCain has been there for 26 of them. He's said no to higher fuel-efficiency standards for cars, no to investments in renewable energy. Today, we import triple the amount of oil as the day that McCain took office. Now is the time to end this addiction, and to understand that drilling is a stop-gap measure, not a long-term solution. As President, I will tap our natural gas reserves, invest in clean coal technology, and find ways to safely harness nuclear power. I'll help our auto companies re-tool, so that the fuel-efficient cars are built in America. I'll invest 150 billion dollars over the next decade in renewable energy--an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced.

Source: Speech at 2008 Democratic National Convention Aug 27, 2008

Should the private ethanol industry be subsidized by the federal government?

"The economic development opportunities for advanced cellulosic ethanol technologies hold potential to revitalize rural communities across the country. Barack Obama and Joe Biden believe we must ensure that local investment continues to play a significant role as the biofuels industry continues to expand and evolve. They will create a number of incentives for local communities to invest in their biofuels refineries, including expanding federal tax credit programs and providing technical advice to rural communities that are in a strong position to open their own refineries. They will also provide an additional subsidy per gallon of ethanol produced from new facilities that have a minimum of 25 percent local capital, and he will provide additional loan guarantees for advanced ethanol facilities with local investment."

"Real Leadership for Rural America," Barack Obama's official candidate website (accessed Sep. 23, 2008)


Reduce the consumption of energy and be more efficient

One thing that we haven't talked as much about that we need to is reducing the consumption of energy. We are inefficient, and oftentimes during the presidential campaign, people have asked, what do we expect out of the American people in bringing about real change. This is an example of where ordinary citizens have to make a change. We are going to have to make our buildings more efficient. We're going to have to make our lighting & our appliances more efficient.

Source: 2008 Democratic debate in Las Vegas Jan 15, 2008


Attack the energy problem on every front

We'll attack the energy problem on every front. We'll produce more energy at home. We will drill new wells offshore and we'll drill them now. We'll build more nuclear power plants. We'll develop clean coal technology. We'll increase the use of wind, tide solar and natural gas. We'll encourage the development & use of flex fuel, hybrid & electric automobiles. Obama thinks we can achieve energy independence without more drilling and without more nuclear power. But Americans know better than that. We must use all resources and develop all technologies necessary to rescue our economy from the damage caused by rising oil prices and restore the health of our planet. It's an ambitious plan, but Americans are ambitious by nature. We've faced greater challenges It's time for us to show the world again how Americans lead. This great natural cause will create millions of new jobs, many in industries that will be the engine of our future prosperity--jobs that will be there when your children enter the workforce.

Source: Speech at 2008 Republican National Convention Sep 4, 2008


"Should the US tap into its emergency oil reserves to help bring down the price of gasoline?"

"Daily Star: Do you suppose the strategic oil reserve should be opened up at $3 or $4 or $5 a gallon?

McCain: It would be OK with me. It would probably be a week's worth. It wouldn't really address the problem but it would be OK with me. I'm not an expert on oil prices. I cannot predict. But I am knowledgeable enough to know that we've got India and China, two developing industrial nations, and they're going to suck up a lot of the world's oil reserves. Why do you think I met our friend that's the head of Phelps Dodge? Why is the price of copper at an all- time high? The Chinese are buying every scrap of copper that's available. Supply and demand."

"Transcript of John McCain's Roundtable Discussion with Star Editors," Arizona Daily Star website, Aug. 28, 2005


"Should the US build additional nuclear plants?"

"The U.S. has not started construction on a new nuclear power plant in over 30 years. Currently, nuclear power provides 20 percent of our overall energy portfolio. Other countries such as China, India and Russia are looking to increase the role of nuclear power in their energy portfolio and the U.S. should not just look to maintain, but increase its own use. John McCain will put our country on track to construct 45 new nuclear power plants by 2030 with the ultimate goal of eventually constructing 100 new plants."

"Cheap, Clean, Secure Energy for America," John McCain's official candidate website (accessed Sep. 23, 2008)


Offshore drilling & nuke power instead of $700B to enemies

“We're sending $700 billion a year overseas to countries that don't like us very much. Some of that money ends up in the hands of terrorist organizations. We have to have the wind, tide, solar, natural gas, flex-fuel cars and all that, but we also have to have offshore drilling and nuclear power. Obama opposed both storing and reprocessing of spent nuclear fuel. You can't get there from here. We can create 700,000 jobs by building, constructing 45 new nuclear power plants by the year 2030.”

Source: 2008 first presidential debate, Obama vs. McCain Sep 26, 2008