Saturday, August 13, 2011

Ha! McCain thinks drilling for oil on U.S. soil or off the coast will lower the $ big oil charges consumers?

In a popular TV campaign ad, presidential hopeful John McCain says it's time to start drilling more for oil here in the U.S. and off our waterways. What good will this do Americans when 1) there's absolutely no guarantee what price big oil will sell this oil and refined gas to Americans, 2) there's absolutely no telling how much would be exported to maximize profits, 3) it would create further incentive to exploit fossil fuels instead of develop cleaner technology and sustainable sources, 4) it would encourage more consumption and indirectly support global warming, 5) it ultimately puts most of the money into the hands of big oil while consumers might benefit marginally only through increased supply? Just like Bush, looks like this guy is all about $$$ for the oil industry.

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