The Washington Post reports that the oil and gas industry donated $1.1 million to the McCain campaign in June -- most of which came after McCain's June 16 call for an end to the ban on offshore oil and gas exploration. The Post reports that the McCain campaign received only $116,000 in March, $283,000 in April, and $208,000 in May from the oil and gas industry.
Quoting from the Washington Post article, "McCain delivered the speech before heading to Texas for a series of fundraisers with energy industry executives, and the day after the speech he raised $1.3 million at a private luncheon and reception at the San Antonio Country Club, according to local news accounts."
So McCain flip-flopped his position on drilling and the environment, then the very next day flew off to Texas to collect big donations [read: payoffs] from the big oil money down there in Texas who had thus far been reluctant to give. Unbelievable.
Just for the record, I personally am not so opposed to the idea of offshore drilling IF we knew that there was enough oil out there to make the United States energy independent while we work on the technology to rid ourselves of fossil fuels, AND IF it did not turn out to be a great big handout to the oil industry at taxpayers expense. But since THAT's never going to happen, well . . . that's another story.
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The US has 3 percent of the world's oil reserves and uses 25 percent of the world's oil. So much for off-shore drilling producing energy independence. Guy Caruso, a Bush appointee and head of the US government Energy Indormation Administration, says that off-shore drilling or drilling in ANWAR will reduce the price of gas by 1 penny in ten years.
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