By Stephen Splane

Aug 4, 2008 6:52am

New Obama Ad. McCain “In the Pocket of Big Oil”

As Sen. Barack Obama, D-Ill., kicks off a week focused on energy, his campaign will on Monday begin running a new TV ad that attacks Sen. John McCain as "in the pocket of big oil."

"Every time you fill your tank, the oil companies fill their pockets," the narrator says as the screen reads: "$143 Billion in Profits Over the Last Year."

As the ad cuts to a photo of McCain, the narrator says: "Now Big Oil’s filling John McCain’s campaign with $2 million in contributions," citing the Center for Responsive Politics. "Because instead of taxing their windfall profits to help drivers, McCain wants to give them another $4 billion in tax breaks."

This claim, cited on screen as the handiwork of the liberal Center for American Progress, is an apparent reference to McCain’s proposal to cut corporate taxes — for all companies, not just oil companies — from 35 percent to 25 percent.

As the camera pulls back from the photo of McCain to reveal him standing with President Bush, the narrator says, "After one president in the pocket of big oil, we can’t afford another. Barack Obama: A windfall profits tax on big oil to give families a thousand dollar rebate. A president who’ll stand up for you."

"I’m Barack Obama and I approve this message," says the candidate.

UPDATE: McCain spokesman Tucker Bounds writes to say, "Barack Obama’s latest negative attack ad shows his celebrity is matched only by his hypocrisy, after all it was Senator Obama, not John McCain, who voted for the Bush-Cheney energy bill that was a sweetheart deal for oil companies. Also not mentioned is the $400,000 from big oil contributors that Barack Obama has already pocketed in this election."

User Comments

Not a particularly good move for Obama. He’s the one who voted for the Cheney Energy Plan and he’s certainly inviting closer scrutiny into his blundlers which includes Big Oil …

Posted by: beebop | August 4, 2008, 6:59 am 6:59 am

Obama acts like he’s still contesting a blue state caucus. “Big Oil”? Gee whiz, Barry. Go talk to some normal Americans once in a while.

Posted by: mesquito | August 4, 2008, 7:06 am 7:06 am

Good ad. It’s nice to see that Obama is responding with ads that stick to the issues. Hopefully the American people are smart enough to see that McCain has nothing to offer but more Republican plans and policies that help the rich stay wealthy at the expense of the middle and working class.

Posted by: bonnie | August 4, 2008, 7:16 am 7:16 am

Yup, Obama voted for the Cheney Energy bill (which McCain voted against). And Obama is the one with all the earmarks (including earmarks for his wife’s employer! … isn’t that a conflict of interest?). Really dumb move by Obama.

Posted by: interesting | August 4, 2008, 7:19 am 7:19 am

you guys cant fool me,90% of the posts here are all posted from within, Jake and co get lost!!!!

Posted by: kevin kimberly kevin (jr) | August 4, 2008, 7:19 am 7:19 am

Right on the money.

Posted by: alagbon | August 4, 2008, 7:19 am 7:19 am

It’s about time. Let’s focus on the hypocrisy’s of John McCain for a while, much more shocking and entertaining than anything pinned on OBAMA. Big Oil, big War this is the hallmark of the McCain strategy. Remember he said he does not understand economics so that he thinks this is a good strategy, is normal. You do not need war to have a good economy, look at the Clinton years. It makes sense now that McCain has been touting more freebies for big oil in his ads, they paid for the ads!

Posted by: Tom | August 4, 2008, 7:21 am 7:21 am

Interesting. Now having ties to a legitimate and worthy sector of the economy is deemed unsavory. When did this happen? I mean….Obama is tied to Big Labor. Big deal. Also, I’d rather have a candidate with ties to Big Oil than ties with former homegrown terrorists. I bet you won’t see an ad regarding Obama’s ties with former Weathermen…because somehow that would be construed as racist by the Obama camp.

Posted by: stop2think | August 4, 2008, 7:23 am 7:23 am

Hey Barack,, I have an idea,,,Why not debate John McCain one on one over this issue? It was you who BOASTED you would be happy to debate John McCain,and George Bush anytime, anyplace, just this May. Youre not a man of your word Barck. You have ZERO credibility.

Posted by: Badger1 | August 4, 2008, 7:24 am 7:24 am

Taxing oil companies windfall profits is the dumbest idea I’ve heard so far from anyone. Yes Obama, tax the oil companies, they raise prices, then send us a check Obama so we can use it for gas and give it back to the oil companies. Amazed his audience doesn’t laugh when he says that.

Posted by: rktsci3127 | August 4, 2008, 7:26 am 7:26 am

people without conscience,the gullible vote for mcCain,after voting for bush twice,i now know majority of the electorate are stupid if not fools

Posted by: Adams | August 4, 2008, 7:27 am 7:27 am

The “Quote big oil” companys are publicly owned by millions of stock holders which are the reciepiants of these OBSCENE profits, why can’t the media and the democrats tell the truth

Posted by: ray sternberg | August 4, 2008, 7:28 am 7:28 am

Oil companys are no longer just American. They’re world wide. Sure they want to drill for oil off our coast, but once they get it, they’re under no obligation to sell it in the United States.
Why sell it her when China can pay six dollars per gallon. Then, if the United States wants it, we’ll have to match what China pays.
Don’t you dopes get it?

Posted by: DAVID NH | August 4, 2008, 7:28 am 7:28 am

obama is rounding into the final months of what will turn out to be a slaughter of the republikan party and their “ideals”.

Posted by: ed | August 4, 2008, 7:30 am 7:30 am

Good ad.. tie McSame to Bush’s failed policies. We’re in this mess because
of the conservative brand so might as well
point that out.

Posted by: huffius | August 4, 2008, 7:31 am 7:31 am

I was on the verge of believing that GMA was trying to be fair in its election coverage..until I heard this morning’s story on the Republicans speaking in the HOuse. What a disengenuous spin GMA!!!! The Republicans started their speaking on Friday..even after Pelosi ordered the lights and microphones shut off. The Republicans were doing this way before Obama flip flopped his position on off shore drilling. Your story this morning leads viweres to believe that it was because of Obama’s choice that the Republicans started speaking! Tell the truth media! Obama is the follower not the Republicans

Posted by: Shawn Curtis | August 4, 2008, 7:32 am 7:32 am

My god 3127 and bush still has credibility with you??? Open your eyes man.

Posted by: mtfern | August 4, 2008, 7:34 am 7:34 am

Big oil are public owned companies, that means stock holders make the profits. Anyone who is saving for retirement probably owns some oil stock. Obama wants to tax the oil profits,,that means he’s taxing stock holders, also you want oil to invest in more drilling and alternative energy sources,,if they have no money, they can’t,,PLUS the price per gallon profit that the oil company makes is the same as years ago,,,the price went up per crude barrel.Unlike the American car industry and banks, THANK goodness our oil companies made good business decisions!!!

Posted by: Average-mom | August 4, 2008, 7:35 am 7:35 am

It’s nice to hear about issues, instead of meaningless talk of McCain. Why doesn’t he just go to a nursing home!

Posted by: kim | August 4, 2008, 7:38 am 7:38 am

Average mom,
Exxon Mobil makes $1,500 per second. That means it EARNS $300,000 in the time it takes to fill your tank.

Posted by: MI VOTER | August 4, 2008, 7:39 am 7:39 am

…talking about ad, I am very pleased to see that at least one of McCain’s contributors actually slapped him on the wrist for his Ad making fun of Paris Hilton and Britney Spears.
Great ad. from the Obama campaign. stick to the issues.

Posted by: exatlantic | August 4, 2008, 7:40 am 7:40 am

The first comment on this posting forum says it all. Beepop you are absolutely correct. This ad is not a smart move for Obama considering his voting record and his huge support from big energy companies. Anyone who has followed his record instead of believing the spin coming out of his campaign is well aware of the hypocrisy represented by the ad.

Posted by: mhhunt | August 4, 2008, 7:41 am 7:41 am

stop2think; the reason people get so angry at big oil is that it is not fair capitalism. They are a global cartel that controls supply and demand. Plus their deliberate attempts to stop the education of the American public on global warming, is criminal. And anybody that thinks different has been brainwashed at the alter of big oil and has an unhealthy lilly white view of how the real world works. Now we will suffer with inflation caused by the Bush oil and war economy. When oil gains everybody else looses. At least McCain can admit he is ignorant on economics and this reality. Your statement that OBAMA is tied to terrorists is outrageous, over the line and disparaging. Prove it just don’t make stuff up like McCain!

Posted by: Tom | August 4, 2008, 7:41 am 7:41 am

It’s amazing to me that the paris/britany ad seemed to work for mccain. I did notice that paris and britany’s pictures were removed from the ad this morning. I think that mommy hilton had something to do with that. Then again I guess it’s not that surprising after you consider who this country elected that last 2 elections.

Posted by: pt | August 4, 2008, 7:46 am 7:46 am

Boy i can’t wait till the RNC get their Ad up and running showing where Obama has gotten alot of his money .And what about all that money his wife got right after he got in office…This was one really bad move for the Obama campaign…Now the doors are wide open for McCain and the RNC to really show who Obama really is and where he got all that money. I’m loving this.

Posted by: PCC | August 4, 2008, 7:47 am 7:47 am

Hey! Why didn’t you place the ad in your blog for all of us to view it? ABC did that with all of McCain’s ads. Plus the links you listed do not work. What is up with that?

Posted by: Jim | August 4, 2008, 7:48 am 7:48 am

It’s interesting that the McCain supporters are calling Obama a flip flopper on offshore drilling. In June 2008, both McCain and Obama were against offshore drilling. McCain completely flipflopped from against to for offshore drilling. Obama is still not “for” offshore drilling, he will support a compromise bill that includes limited offshore drilling and many of Obama’s plans for alternative energy and investing in American car manufacturing to produce non-gasoline dependent cars. Obama understands that one of the biggest reasons we are in the mess we’re in is because the Republican administration is unwilling to compromise. There would not be a United States of America if the country’s founding fathers were unable to compromise. It’s what grown ups do.

Posted by: Mike | August 4, 2008, 7:48 am 7:48 am

The oil companies pay from 50 to 57% of their profits in taxes. I’d say they’re doing well for our country.
Don
Houston,Tx.

Posted by: Don | August 4, 2008, 7:50 am 7:50 am

Your links do not Work!
I want to see the ad also!

Posted by: Interested | August 4, 2008, 7:52 am 7:52 am

now the obamin is using comedy in his ads. didnt he just flop and conceed that he would vote for drilling if he ever does reurn to the senate. I guess the 70% approval rate of people changes the hardiest of opinions. what do you expect from the same old politician. vote Cactus John Mccain

Posted by: DEAN O | August 4, 2008, 7:53 am 7:53 am

Obama doesn’t mention that most of the 143 mil profits go into the 401Ks and retirement funds of millions of americans.

Posted by: memo66 | August 4, 2008, 7:54 am 7:54 am

so obama received contributions and some hefty ones at that from oil companies… what is he going to do Just Say No? it’s called a smart business move… spreading the wealth around and a hefty amount at that on the most probable winner of the election. only in the pretzel logic conservative/republican/bush/mccain world can such obvious and lackadaisical spin be found.

Posted by: ed | August 4, 2008, 7:54 am 7:54 am

I was an Obama supporter..but I am waking up to his lack of substance..and the media’s blanketing his flaws. I am in no means a McCain supporter..but a vote for him will be a vote against Obama…I am sorry if Europe doesn’t agree with me

Posted by: Shawn Curtis | August 4, 2008, 7:58 am 7:58 am

John Mccain is the SAME as George Bush. The oil companies LOVE both of them. Most Republicans love Big oil because they have their 401K in their Energy funds.

Posted by: Randy | August 4, 2008, 8:02 am 8:02 am

At least Obama’s so-called negative ad is about issues. It doesn’t exploit people like Britney and Paris for political gain.

Posted by: Joe Barone | August 4, 2008, 8:06 am 8:06 am

anyone who thinks mccain is not paid off by big oil is living in another world—–as to alternate energy—–he simply copies obamas platform—i remember mccain laughing when asked about windpower—john you are the biggest fake ever–and too dumb to do anything–the last 30 years proves it.and the last 8 years is a perfect example.

Posted by: rodney | August 4, 2008, 8:07 am 8:07 am

Also not mentioned is the $400,000 from big oil contributors that Barack Obama has already pocketed in this election.”
************
Compared to the $2 million McCain got? That is a HUGE difference!

Posted by: MI VOTER | August 4, 2008, 8:09 am 8:09 am

anybody that thinks it is ok to have a of bunch of”good lobbyists on the Mccain’s campaing trail are dreaming common senses tells me that these “good lobbyist” will claim to have a direct line to any department including Mccain to any “special interest group” if god forbid Mccain is elected it has work so well for Bush hasn’t it when will you wake up and see the writing on the wall

Posted by: Illene hebert | August 4, 2008, 8:09 am 8:09 am

Obama is indebted to teachers’ unions. Most public schools suck (I used to be a teacher) and Dems only response to this is more money and less accountability. As for both candidates, carbon credits will be the demise of the economy as energy prices sky rocket.

Posted by: get real | August 4, 2008, 8:17 am 8:17 am

Actually, Obama might not be getting huge support from the oil companies, but he is getting huge support from the corn ethanol lobby. What is the difference really? Both drive up food prices. There was an article in Newsweek or another magazine weeks ago on his support from the ethanol industry.

Posted by: Dawn | August 4, 2008, 8:22 am 8:22 am

Its time to take over the oil companies. “Country First’ as McCain would say…if he wasnt the worlds biggest hypocrite, that is.

Posted by: Mike | August 4, 2008, 8:24 am 8:24 am

Dem alert! Dem alert!
George Bush is not running in this election. Anyone with any intellect knows that Maverick John McCain is nothing like George Bush and they can also see through Barack Obama. He is a pathalogical liar with socialist/communist views.Those are the changes he wants to make in this country. We do not want, need nor can we afford his changes. This country does not need changing, it just needs to vote out all of these power hungry, money grubbing, lying politicians like Barack Obama and his ilk.

Posted by: memo66 | August 4, 2008, 8:25 am 8:25 am

It is Charlie Black, Phil Gramm(who is still working with the campaign) and Randy Sceunemann
all past lobbyists…including oil and energy (and banking)
who make John McCain in debted to big oil.
Since they are thrww of the leads on his campaign.
anyone who say John Mccain isn’t…isn’t reading history..and asking themselves to name one time that we have heard John Mccain take bug oil to task (for anything)anywhere during this campaign.
Again I ask anyone to point to one time during this campaign that John McCain said “the oil executives have to…” …anything
His two big proposals…are the two the oil companies have been proposing for years.
Read.

Posted by: dl | August 4, 2008, 8:26 am 8:26 am

It’s a choice between smart and dumb. Vote McCain if you want four more years of dumb.

Posted by: ericmiami | August 4, 2008, 8:27 am 8:27 am

memo wrote:
Dem alert! Dem alert!
*********
You are kidding, right? LOL! No Dem I know would post this nonsense. But at least they are smart enough to see an snow job!

Posted by: MI VOTER | August 4, 2008, 8:28 am 8:28 am

It is Charlie Black, Phil Gramm(who is still working with the campaign) and Randy Sceunemann
all past lobbyists…including oil and energy (and banking)
who make John McCain in debted to big oil.
Since they are thee of the leads on his campaign.
anyone who says John Mccain isn’t…isn’t reading history..and asking themselves to name one time that we have heard John Mccain take big oil to task (for anything)anywhere during this campaign.
Again I ask anyone to point to one time during this campaign that John McCain said “the oil executives have to…” …anything…do you not see how obvious that is.
His two big proposals…are the two that the oil companies have been proposing for years.
Read.

Posted by: dl | August 4, 2008, 8:29 am 8:29 am

If anyone thinks that Bush’s 8 year presidency was not bee the worst in history. You would have so be so rich that nothing could touch you financially. Some of you suggest if Obama is elected, the USA and the world would somehow get into darkness and dispair. Under Bush we are already in darkness and dispair and would continue that course if McSame is elected.

Posted by: Lawrence | August 4, 2008, 8:29 am 8:29 am

notice how mccain and the repubs keep promoting big oil—DRILL DRILL –AND WHO WILL GAIN AS OIL IS SOLD ON THE WORLD MARKET—they will lower price a few pennys and the public cheers while the oil companies make billions more–we cannot drill enough to delete the 70% of which we import—-BIG NOTICE–obama has always been for all alternate energy–and now mccain says that obama is against..THE REPUB PARTY CAN AND DOES LIE ABOUT ANYTHING AS LONG AS IT IS SOMETHING WE WANT TO HEAR–NO ONE LIES OR FLIP FLOPS MORE THAN MCCAIN.—–WHERE WAS YOU THE LAST 8 CORRUPT YEARS JOHN AS YOU VOTED ALONG WITH BUSH 95% OF THE TIME.

Posted by: rodney | August 4, 2008, 8:30 am 8:30 am

Obama’s call for taxing windfall profits is right up there with the Senator who wants the return of 55 mile speed limit. Shows he really dosen’t know what he is doing, just working for votes. Using his windfall idea, how able taxing farmers for the windfall or increased profits from corn and wheat. Percent increase in profit are large for them also.

Posted by: magoo | August 4, 2008, 8:31 am 8:31 am

Wow what a HARD HITTING ad. Finally the Obama campaign goes on offense. They have been getting beat up by McCain for the past 2 weeks.
Glad to see that “slick Barry” is back rather than Obambi.
Of course McCain is in the tank with the oil companies after he flip flopped on off-shore drilling and he got 2 million for it.
HAPPY BIRTHDAY BARACK OBAMA!!!

Posted by: Sandy | August 4, 2008, 8:31 am 8:31 am

Our country has been sold to the war and energy industry for a while. The Founder of this country warn us, so.

Posted by: goDem | August 4, 2008, 8:32 am 8:32 am

Actually, Obama might not be getting huge support from the oil companies, but he is getting huge support from the corn ethanol lobby. Posted by: Dawn …Dawn i bet people didn’t know that farrakhan owns one of the biggest corn companies in Georgia.

Posted by: PCC | August 4, 2008, 8:35 am 8:35 am

Good for Senator Obama to strike back. Why not have more eye-opening commercials to publicize McCain’s little-known achievements: voting in line with Bush 97 percent of the time in 2007-8; his cheating on his first wife; graduating near last place at the Naval Academy; calling his wife vulgar names; owning four luxury homes with jet access and wearing $525 Italian shoes. That would be a good start.

Posted by: Mike | August 4, 2008, 8:37 am 8:37 am

oil companies don’t care how much you tax them, they just pass the increase on to consumers so the price at the pump will go even higher. the only one who win is big government who know how to waste it.

Posted by: mike riker | August 4, 2008, 8:38 am 8:38 am

Exxon made well over $11 billion profit in 3 months. That’s over $5 million an hour every hour of the day 7 days a week. And that’s just 1 company. This is PROFIT. After any and all costs as well as all money they spent on exploration and alternative energy research. There are HUGE forces at work to keep the status quo and to keep these huge profits in place for oil companies. They see their future is in danger and will pull out all of the stops to make sure they are safe. That includes calling in support from their people in Congress just like they have always done.

Posted by: TSnow27604 | August 4, 2008, 8:40 am 8:40 am

All of you idiots who have not done your research, McCain DID NOT VOTE AT ALL on any energy bill, and yes Senator Obama voted for the bill because it contained more offsets for alternate energy support than it did for incentives for big oil. Look it up. HR-6 “The Clean Energy Act of 2007″ Vote 65 yeas, 27 nays, 7 not voting, including McCain.

Posted by: devilkev | August 4, 2008, 8:41 am 8:41 am

I guess Obama conveniently forgets that his “clinging” to guns comments in San Francisco were at the home of Ann Getty, billionaire oil heiress. Getty was taken over by Texaco, and the family continues to earn billions. Let us not forget that many of his unions are heavily invested in oil stock, as are his hedge fund crowd of George Soros, etc.
Obama went to big oil, asked for money, and insulted the white worker in Ohio and PA. Who is out of touch?

Posted by: Karen | August 4, 2008, 8:42 am 8:42 am

Someone mentioned the $500+ Ferragamo shoes. By watching his campaign stops he seems he likes Burberry shirts too. What’s wrong with American brands like Polo, Brooks Brothers, Nautica, … So John, you will wear an American flag pin made in China but not American clothes to actually show pride in the US economy?

Posted by: TSnow27604 | August 4, 2008, 8:44 am 8:44 am

dont you think it is funny how whenever there is a storm gas prices go up—but now in electon year THE PRICE DOES NOT GO UP DO YOU THINK PERHAPS THE REPUBS ARE IN BIG OIL POCKETS—-you can drill to hell and back and it will make no difference—-opec will just lower production and keep price anywhere they want to have it—do your homework as of 70s oil embargo.still cost the arabs approx 2.00 yes two dollars a barrel to produce—-we must put an end to big oil and move on to alternate fuels—–cuba one of the greatest producers of sugar cane great for biofuel and we embargo them—–but china is ok –yes big oil and the repubs have it all under controll.big oil and china and iraq war are bankrupting us.

Posted by: rodney | August 4, 2008, 8:47 am 8:47 am

PCC… It’s obvious you didn’t listen to the entire sermon or even comprehend the notion that other nations despise this country because of our political arrogance and cultural ignorance’s. But since you honestly believe Senator Obama listened to the same message for twenty years, you know absolutely nothing about Black Churches; their message self- empowerment, deliverance, perseverance and hope for a better future.

Posted by: FYI | August 4, 2008, 8:47 am 8:47 am

Genius, I really dislike Obama and will mourn the day if he gets elected but this is a brilliant move, if there is anyway to get people riled up its to get to talk about oil prices.

Posted by: Blerg | August 4, 2008, 8:49 am 8:49 am

This is a good ad. It may be a negative ad but it sticks to the issue. Unlike McCains ad, Obama tell you what he’s against and what he’s for… not just what he’s against.
Obama08 Landslide

Posted by: Vanessa | August 4, 2008, 8:49 am 8:49 am

I really hate the term “Windfall profits” only a lawyer would use that term, I wonder where in the profits the “Windfall” starts.

Posted by: Blerg | August 4, 2008, 8:50 am 8:50 am

The messaging with this ad is that McCain is just like Bush and is in the tank with oil companies.
POWERFUL stuff.

Posted by: Sandy | August 4, 2008, 8:50 am 8:50 am

The media is following John McCain right into the gutter of American politics. McCain and the media want to talk about anything (including race and Paris Hilton) EXCEPT THE ISSUES, because McCain and the media lose when Americans look at the issues.
McCain’s was the major Senate advocate and supporter for the war in Iraq– McCain’s mistake in judgment cost America more than $1 Trillion and 4,000 American lives. You ought to vote for Senator Obama if you think that the war in Iraq was wrong and harmed our economy during the past 5 years.
Our economy is in huge trouble and McCain wants to perpetuate Bush’s foreign policy and tax cuts for the wealthy – including a $4 billion tax cut for the big oil companies that are eating YOUR lunch. In contrast, Senator Obama will get a windfall profits tax (on those excess Oil Company Profits) that will be rebated to you.
Senator McCain voted with President Bush 95% of the time during the past eight years.
Ask yourself – Are you better off today than you were 8 years ago?
If you think President Bush has done a good job, then McCain is your man. If you like the results of the past 8 years, then vote for McCain, because you will get more of the same for the next 8 years.
At all events, please focus on the issues that are important to you – not the media sideshow.
In the end, just ask yourself – Are you better off today than you were in 2000?

Posted by: toothchipper55 | August 4, 2008, 8:53 am 8:53 am

Didn’t we learn anything from the windfall profit taxes 30 years ago?
Oil companies are in business to make money, they’re just on a high right now. Remember the dot-com bubble? None of the liberals brought up taxing those companies in the ’90′s.

Posted by: Jerry | August 4, 2008, 8:53 am 8:53 am

Obama o8 landslide there is nothing negative about the truth.

Posted by: depravedmaniac | August 4, 2008, 8:55 am 8:55 am

I have been a proud Republican all my life. But I cannot bring myself to vote for such a dishonorable lying panderer like John McCain.
I was just informed McCain started the whole “racist” business with an ad in July that put Obama’s face on the $100 bill. I will not vote for someone who smears in a racist ad and then turns around and plays victim.
On election day I will be staying home.

Posted by: Not a McCain Republican | August 4, 2008, 8:56 am 8:56 am

I HAVE CUT MY FUEL USAGE IN HALF AND YOU ALL CAN DO THE SAME—get your speed down and do not make unnecessary trips–carpool etc –we have the brains to do it—-we had cars in the 70s getting better fuel mileage than today–and they were not super expensive hybreds—something called volkeswagon rabbit diesel—who is giving the shaft to us.and yes it could be ran with biofuel.big oil and the repubs must go.

Posted by: rodney | August 4, 2008, 8:56 am 8:56 am

magoo FYI slowing to 55 saves a great deal on how much gas you use. I had slowed down to 55 about April and my monthly gas bill dropped 25% I have no plans on increasing my speed and I get home and to work just a few minutes later so the delay is no big deal.

Posted by: Saddlesablazing | August 4, 2008, 8:59 am 8:59 am

SADDLES
most people do not realize that if they add one passenger the fuel usage will be cut in half. yes 50% i would pay 8.00 per gallon for domestic biofuel as the benifit would be our own economy.

Posted by: rodney | August 4, 2008, 9:04 am 9:04 am

JERRY
i am not for taxing big oil—I WANT TO ELIMINATE IT.

Posted by: rodney | August 4, 2008, 9:05 am 9:05 am

THAT IS ELIMINATE BIG OIL–PLEASE DONT BE TAKEN IN BY REPUB–B.S.

Posted by: rodney | August 4, 2008, 9:07 am 9:07 am

The oil companies’ profit on each dollar sold (profit margin) is much smaller than most companies. You own the oil companies in your retirement plan. Therefore, as ABC says, “it’s your money.” The government makes much more on a gallon of gas than do the oil companies. But Senator Obama took the position that the gas tax holiday for the summer months was not significant, and the American public didn’t deserve the savings. Where’s your outrage of the governments “windfall profits” on gasoline? Most of you are so partisan you can’t see the facts.

Posted by: jjsmith6575 | August 4, 2008, 9:07 am 9:07 am

The 55 speed limit saved lives and reduced gasoline consumption a great deal. Everyone seems to always want to get there faster and quicker but for the safty and ability to be less dependent on Foreign oil 55 is not a bad idea. Had R Reagan left in place the energy policies J Carter had implemented after the Arab Oil crisis back in the late 70′s we’d be a great deal less dependent and Detriot would already have produced that 50 plus mile per gallon engin.

Posted by: subsistantpotfarmer | August 4, 2008, 9:09 am 9:09 am

Very sucpicious…
When this blog referred to John Mccain’s Paris/Britney ad it provides a link to pla the ad.
When it talks about Obama’s Ad there is no link….
Biggest story is the Media is in bed with “My Friend” Mccain but is running reports to opposite.

Posted by: JM | August 4, 2008, 9:09 am 9:09 am

MAKING THE OIL COMPANIES PAY FOR HIS PLAN WILL ON BACKFIRE AS THE OIL COMPANIES WILL ONLY INCREASE THE PRICE OF OIL. BUSINESSES JUST PASS THE TAX ONTO THE CONSUMER. HOWEVER IF WOULD PASS THIS OIL REBATE WHO RECEIVE A CHECK. WHAT ABOUT THE INNER CITY PEOPLE THAT DONT HAVE CARS? SHOULD THEY RECEIVE THE SAME AMOUNT? SHOULD YOU ONLY GIVE TO EACH OWNER OF REGISTERED CAR OR MULITLE CARS? SHOULD BUSINESSES THAT USE COMPANY CARS BE REFUNDED? TRUCKING COMPANIES? IS IT FAIR FOR SOMEONE THAT USE MORE GAS THAN OTHERS TO RECEIVE THE SAME REFUND. WHAT IF YOU DRIVE 100 MILES A DAY VS. 20 MILES A DAY. NOT A VERY THOUGHT OUT PLAN, BUT ONE TO GET THE MASSES EXCITED ABOUT MONEY FOR YOUR VOTE. MR.OBAMA AKA ROBIN HOOD TAKE FROM THE RICH AND GIVE TO THE POOR. GOOD PLAN MR. OBAMA HOW MUCH IS YOUR VOTE WORTH AND AT WHAT COST.

Posted by: Steve | August 4, 2008, 9:10 am 9:10 am

mcsame is owned by the same corporate special interests who own bush. no bush third term! no more enrons!

Posted by: chattyway | August 4, 2008, 9:10 am 9:10 am

The oil industry has too much influence in Washington. Our government should reflect the will of the people, not a few billionaires.

Posted by: Reason | August 4, 2008, 9:11 am 9:11 am

CHATTAYWAY
PORTRAYING OBAMA TO YOUR REPUB PARTY IS KIND OF SILLY.

Posted by: rodney | August 4, 2008, 9:12 am 9:12 am

Notice how Obama sticks to the issues, while McCain uses character assassination tactics to distract from the issues and his disasterous record.

Posted by: Wake Up America | August 4, 2008, 9:13 am 9:13 am

America listen up. Neither of these two candidates are good for us. We find ourselves once again choosing between bad and worse. In many (not all) cases your words speak directly to major deficiencies that represent legitimate deficiencies in both candidates. But here is the bottom line America, those who loose in November will be disappointed in November 2008, while those who win will most likely be disappointed by April 2009. Both of these candidates are skilled “Politicians” and both are prostitutes bought and paid for by their respective special interests. In short, both will betray you and me! So the question is which will harm us “least”. I know those of you who are die hard Republican conservatives will never open your eyes to the truth which is that you have internalized a thousand lies. Despite your sincere belief to the contrary, your entire political paradigm is every bit as false as that of your Democratic Liberal counter parts. Both you and your Democratic counter parts are a lost cause as your both fixed in your irrational beliefs, and you both cancel each other’s votes. The hope and future of America rests not in your actions and beliefs but in those of the “silent Majority” and the great masses of the undecided and “independent voter. To win both candidates must win over the “independent voter” and the “Regan Democrat’s”. Unlike the “true believes” and partisan operatives in both parties, those “independent voter” and the “Regan Democrat’s” actually do posses the ability to entertain an intelligent thought! We, the independent voters, we the “Regan Democrats” see the truth and are disgusted. We need to force the systemic change in Washington that both parties will resist. We need to focus on that goal far more than the lies spoken by the next president. We need Truth, Justice and integrity in Washington. Let there be no misunderstanding here, the Republican and Democratic parties are both guilty. Both parties pander to the special interests and both parties will fight to maintain the present system of bribes and influence peddling because it is the system that works for them. But it is a system that is failing “WE THE PEOPLE” and so it is “WE THE PEOPLE” who must rise up to force change. There is a way forward America, there is a way, but it must begin with the removal of all those who built this system of greed and betrayal. We most vote them all out of office! But with whom shall replace them? Shall we dump Democrat for Republican and Republican for Democrat? Surly if we did we would merely be trading one prostitute for another! No America, we must dump the entire Republican Party until it is no more. Then we can look to a new party to replace them, as we remove every last Democrat until they too are no more. America, the problem is not in one man or the other, the problem is in the organizational machines that force the men and women to conform to the organizations morally corrupt ideologies, beliefs and behaviors. It will never be enough to remove a man here and a woman their because there will always be another just like them waiting to be put forward on behalf of their respective Democratic or Republican organizations!

Posted by: nh pragmatist | August 4, 2008, 9:16 am 9:16 am

To all you completely clueless Republicans FYI the Oil Companies are drilling off shore & on inland waters. They have rigs drilling right noe in Alaskan, Texan, & Lousianan waters. With new starts every month. They are also drilling on U S land sites from Alaska to Maine and all points in between. Just this years so far they have started 25,000 plus new drill holes. So to each side of this idiotic debate your both full of it. They aren’t being prevented from drilling and they are drilling on those 68 milliion acres.

Posted by: Monster man | August 4, 2008, 9:17 am 9:17 am

It’s about time the corruption in Washington is brought to light. We must start restricting campaign donations, they are the stuff of third world ‘pretend democracies’.

Posted by: George Taylor | August 4, 2008, 9:18 am 9:18 am

McCain has made the choice to run ads with oil rigs in the background. This undeniably ties him to the oil industry and will destroy his campaign as the majority of Americans have had it with the record setting profits by the oil industry while at the same time receiving tax breaks from the government. A very poor polictical strategy that will cost him in the long run.

Posted by: PhilBgood | August 4, 2008, 9:20 am 9:20 am

McCain accepts money from PACs (Political Action Committees), people with a common interest, in this case Oil companies, who want to persuade (or lobby) Congress to pass bills that benefit them.
Obama (and now the DNC as well)does not accept money from PACs, only individual donors.
So McCain gets money from the oil companies themselves who want influence.
Obama gets contributions from donors who may happen to work for oil companies, like refinery workers, gas station attendants, etc.
That’s the difference.

Posted by: Mike | August 4, 2008, 9:21 am 9:21 am

Let’s get real. The TEXAN named GWBush is the one who is, and always has been, in the pocket of big oil. After all, GWB is OIL! Pretty unfair to blame McCain for GW’s doings for the past 8 years. And, if blame needs to be placed, then place it on all administrations in the past 30 years who have not had the foresight to develop alternative energy!!!!!

Posted by: DreadNovember | August 4, 2008, 9:23 am 9:23 am

Bottom line: things may or may not get better with Obama, but they will definitely get worse with McCain. I’m not happy with either candidate, but I’ll take a chance on Obama, since McCain means 8 more years of Republican misrule. The Republicans should not be rewarded for thier last 8 years of failure.

Posted by: Mary | August 4, 2008, 9:23 am 9:23 am

His ad is a huge lie and is a cover-up. BHO needs to come clean and be upfront with the voters. The truth is that he has received more money from contributors than McCain. How much more has BHO received than McCain from campaign contributors?:
* 500% more from Halliburton
* 300% more from Shell
* 50% more from Chevron
* and more from Exxon
It is apparent that the DNC candidate has nothing to offer for solutions, so he can only make derogatory unwarranted statements. One more reason it’s Time to Change to McCain!

Posted by: Jilly | August 4, 2008, 9:23 am 9:23 am

Wake Up America
A prime example of what I was referring to. These are the kinds of people who will vote for Obama. These people are dangerous. At least I considered both men and based upon experience I will have to choose between the lesser of two evils. Good luck wake up. You’re still sleeping…

Posted by: Glenda | August 4, 2008, 9:26 am 9:26 am

beebop you are correct. he did vote for the bill and now he is making it sound like he did not have all the information. We are all suffering in some way and this guy Obama has no clue what we are going through. He campains in other countries I guess for president of the world and cares less about us. Now he is for drilling oil because 69% of Americans want it. He is now the new king of the flip flop.

Posted by: Jim Rod | August 4, 2008, 9:27 am 9:27 am

Everyone wants to complain about profits from oil companies. Look at Microsoft or any other software company. They put oil companies to shame on their profits. Then the profits the government makes from taxes on gas, the oil companies profits are nothing compared to that. Anyone notice our roads and bridges improving or being rebuilt. Fact is clean alternative energy won’t be available widespread for at least 30 years. We have the infrastructure for oil already. Use it and drill in the US until alternative energy is available. This ad by BO will go nowhere except by the hard core supporters for him.

Posted by: Kandy Kane | August 4, 2008, 9:31 am 9:31 am

Attend a town hall and debate this and other issues, Obama. Show some spine.
If you can’t stand up to a 70 year old man in a civil debate, how do you expect us to believe YOU can take on Big Oil?
You can’t and won’t because you are also in their pockets.

Posted by: len | August 4, 2008, 9:32 am 9:32 am

Jilly
How much do you think McPopeye is getting from the 5 Walton Billionaires????? 1000 % more than Obama or a million % more.

Posted by: Ronaldraygun | August 4, 2008, 9:32 am 9:32 am

Wake up…until your man becomes president(God forbid). I have the right to say what I want. Of course if your man wins that could change….

Posted by: Glenda | August 4, 2008, 9:34 am 9:34 am

kandy kane – nice try, but the oil industry posted the biggest windfall profits in their history last quarter, while the rest of the economy was going into a tailspin based on the rising price of their commodity. Big difference between that and Microsoft. Also, oil companies’ profits have nothing to do with our infrastructure – but maybe if we weren’t wasting 410 million/day on the war in Iraq we might have more money to spend here at home. Just a thought…

Posted by: vimcord | August 4, 2008, 9:34 am 9:34 am

PCC wrote:
Farrakan is the guy that wants the government….
*********
When he runs for POTUS, we will debate this. Until then, what is YOUR point?

Posted by: MI VOTER | August 4, 2008, 9:39 am 9:39 am

Strang how a Republican’s thought processes work. Oil companies making huge record profits to them aren’t a windfallHowever if you work for the Government, military or civilian, retire then go back to work and pay in enough quarters to draw social security as well as your government pension, they consider your Social Security pension a windfall and put a tax on it back when they controlled both houses. That needs to be changed and soon.

Posted by: depravedmaniac | August 4, 2008, 9:40 am 9:40 am

My number one issue is healthcare and that’s why I’m not voting for McCain. He doesn’t care about the little people, just the millionaires and corporations. I liked Hillary and voted for her in the primaries, but I’ll settle for Obama because at least he cares about healthcare. Last year we lost our son to leukemia and our crappy insurance wouldn’t cover hundreds of dollars worth of treatments. I’m not talking about deductables, but all sorts of BS, bureacratic reasons not to cover necessary treatments. My husband and I have worked hard and done the right thing our whole lives and we sacrificed everything for our son. Now he’s gone and we’re facing bankruptcy because our insurance system is completely broken. We need relief. We need help. We don’t need more crocodile tears from either party. I sincerely pray that Obama wins and does something about our broken healthcare and insurance systems.

Posted by: terry's mom | August 4, 2008, 9:43 am 9:43 am

I think ABC.news should do like some newspapers that grade the ads based on accuracy and appeal. Looking at both candidates “Green” ideas, I like the fact that McCain wants to make the Federal Gov’t (one of the largest energy consumers) more energy efficient (which would save tax dollars), but I also like that Obama wants to form a “Green Job Corp” and other programs that would train workers and help companies become more “green” and thus save money in the long run. For the oil situation they both feel that speculation has to be addressed, but Obama focuses on that a little more and on working with other countries to better regulate the market. While McCain is pushing for the drilling offshore where they know oil is. In Congress it seemed the big fight a few weeks ago was over those on the Democratic side wanting the oil companies to drill on some of their 68 million acres of land(which correct me if I’m wrong is about the size of Colorado). But if you look it up the oil companies have done some exploration on their leased land (a large amount is undeveloped) but they are very secretive about releasing such information because of the competitiveness of the industry. Check out factcheck.org for more info on that issue. But the main thing that both candidates agree on is that energy (foreign oil) independence is important and the only way that will reasonably happen if we decrease our oil consumption and boost our energy alternatives. So that would be the only part of the issue I would pay attention to from either of them right now.

Posted by: bspia2 | August 4, 2008, 9:43 am 9:43 am

Hey, Jake.
How about a article on how the Republicans blocked an oil speculation and alternative energy bills?

Posted by: AkaDad | August 4, 2008, 9:44 am 9:44 am

Ronaldraygun, unless you have facts then you are only guessing and misleading voters. By checking reported campaign donations for individual contributors records, Obama received more total dollars from people named Walton, and from people employed at Walmart.

Posted by: Jilly | August 4, 2008, 9:46 am 9:46 am

McCain is a fossil, no wonder he still embraces fossil fuels! More than enough reason to vote for Obama: the romance between Big Oil and Bush’s GOP. The answer to the energy crisis for Big Oil and the GOP: let us drill everywhere and anywhere we want. Alternative energies now!!! – we have the technology, we have the political will. Let’s throw the GOP out and get the job done.

Posted by: hopesprings52 | August 4, 2008, 9:46 am 9:46 am

Posted by: Jim Rod | Aug 4, 2008 9:27:43 AM
“Now he is for drilling oil because 69% of Americans want it. He is now the new king of the flip flop.”
=======================================
Obama supports this measure because it also puts billions into a renewable energy plan. Would you rather have a president who doesn’t listen to what the people want? (<-Bush/McCain) You can't please all the people all the time, but the willingness to compromise helps.

Posted by: Creamsykle | August 4, 2008, 9:46 am 9:46 am

terrys mom,
So sorry to hear about your loss. Most people don’t realize that every year their healthcare cost go up and yet the coverage is going down. McCain’s plan does not cover pre-existing conditions, so MY son, who is type 1 diabetic will not be covered. When it was pointed out to John McCain that he would not be covered under his plan, his response was “Huh”.

Posted by: MI VOTER | August 4, 2008, 9:47 am 9:47 am

Glenda – you seem very angry. Don’t take politics so personally.

Posted by: roscoe | August 4, 2008, 9:47 am 9:47 am

But wasn’t it Obama who voted for Cheney’s Oil Bill and McCain who voted against it? You remember, that’s the bill that gave massive handouts to Big Oil.

Posted by: marylou | August 4, 2008, 9:48 am 9:48 am

This new ad by Obama should point out that 1 million of this Big Oil money came in a huge wave right after MR McCain said he supported off shore drilling. Big Oil gave McCain as much money in 2 weeks after he supported the measure as they had in the prior 18 months.

Posted by: Creamsykle | August 4, 2008, 9:49 am 9:49 am

MI Voter – that’s so typical. I get so angry when I see how little the GOP cares about the average American. My husband is a vet and we both work hard and it seems like the GOP only cares about people like us when they need people to fight their wars. The rest of the time they screw us at every turn and laugh at us from their country clubs and boardrooms. I don’t know if the democrats are much better, but at least they don’t despise us and exploit us like the Republicans.

Posted by: terry's mom | August 4, 2008, 9:50 am 9:50 am

marylou wrote:
But wasn’t it Obama who voted for Cheney’s Oil Bill and McCain who voted against it?
**********
Sorry doll, but McCain did not bother to show up for the vote. What else is new?

Posted by: MI VOTER | August 4, 2008, 9:50 am 9:50 am

Who is going to pay that big wind fall profit tax Obama wants to put on the oil companies? The comsumer is going to pay at the pump. Oil companies are still going to make their big profit.

Posted by: Lee S | August 4, 2008, 9:50 am 9:50 am

And instead of criticizing a business for making a profit, will someone ask the Dem-controlled Congress what it’s doing with the billions in taxes it collects on each gallon of gas?

Posted by: marylou | August 4, 2008, 9:51 am 9:51 am

marylou – they’re paying for the Republican’s costly war in Iraq. $10 million/ day. Thanks for asking.

Posted by: Wake Up America | August 4, 2008, 9:52 am 9:52 am

Didn’t flip flop Obama just endorse off shore drilling, like McCain. Basically Obama is running an ad against himself, as well. Obama is not the brightest bulb in the pack.

Posted by: BR549 | August 4, 2008, 9:53 am 9:53 am

Lee S – so you would prefer that Oil companies make windfall profits and our government get no taste of it? That’s just stupid.

Posted by: Wake Up America | August 4, 2008, 9:53 am 9:53 am

John, can’t wait to get the DRAFT started can you????!!

Posted by: JOE | August 4, 2008, 9:54 am 9:54 am

BR594 – Didn’t McCain also flipflop on offshore drilling, too? The difference is that McCain got millions of dollars from the oil companies for his flipflop. Nice try.

Posted by: chattyway | August 4, 2008, 9:55 am 9:55 am

Who is going to pay the big wind fall profit tax Obama wants to put on the oil companies? The comsumer is going to pay at the pump. The oil companies are the only ones to profit from it.

Posted by: Lee S. | August 4, 2008, 9:55 am 9:55 am

marylou wrote:
will someone ask the Dem-controlled Congress what it’s doing with the billions in taxes it collects on each gallon of gas?
****
It’s going to the Iraq war. You know, the illegal invasion of a sovreign nation. The war that Cheney claimed would make oil $4 per barrel. The war that John McCain said would be easya nd over in 4 months? The war that McCain claimed we would be greeted as liberators. The war that declared “Mission Accomplished” over 1,900 days ago. The war that has killed more than 4,000 American troops.
You remember that war, don’t you?

Posted by: MI VOTER | August 4, 2008, 9:55 am 9:55 am

Yes as the article states, Obama did vote for the Bush/Cheney Energy Bill. But Hillary Clinton already used that bit already in the primaries.
“She is referring to the Energy Policy Act of 2005, a major priority for the Bush administration. She is correct that Obama voted for it, one of of 25 Democrats who did. (Clinton voted against it.)
Obama said he voted for it “reluctantly.” He said he wanted it to do more to reduce reliance on foreign oil, but he liked the bill’s incentives for ethanol and clean coal.
“This bill, while far from a solution, is a first step toward decreasing America’s dependence on foreign oil,” he said. “It requires that 7.5-billion gallons of ethanol be mixed with gasoline by 2012. That’s 7.5-billion gallons of fuel that will be grown in the corn fields of Illinois, and not imported from the deserts of the Middle East.”
The bill’s title said its purpose was “to ensure jobs for our future with secure, affordable, and reliable energy.” As you might expect, there are differing interpretations about whether the bill provided so much for the energy industry that it was a “giveaway.”

Posted by: bspia2 | August 4, 2008, 9:56 am 9:56 am

Obama is in the hip pocket of BIG OIL, the contributations prove it. What a hypocrite !

Posted by: 90210 | August 4, 2008, 9:56 am 9:56 am

It’s amusing to see people defend Obama who has basically morphed into a Republican. He is in favor of offshore drilling, voted or FISA, wishes to increase the Bush faith based funding, voted for the Bush energy bill and continues to change on Iraq. If it’s important to see a D after the name of the next president, vote for him, otherwise it is meaningless.

Posted by: bedy | August 4, 2008, 9:56 am 9:56 am

Fact stands. Obama voted for Cheney’s Oil Bill which pandered to Big Oil and now accuses McCain of being beholden to them. So which candidate would a thinking person support? The one whom Big Oil is trying to buy (but who didn’t give them his vote) – or the one who gives them his vote (and by the way is being paid by them too, just not as much at this point in time).
Obama is the candidate who voted for Big Oil.

Posted by: marylou | August 4, 2008, 9:57 am 9:57 am

Lee S. – so you would prefer that Oil Companies reap massive profits off American consumers and not have to give any of it back to our government? That seems pretty stupid and short sighted to me.

Posted by: rachel c. | August 4, 2008, 9:57 am 9:57 am

Obama followed McCain’s lead in off shore drilling. Now, we see who is the leader. At least Obama is learning, who is the leader and next president.
********* GO MCCAIN *********

Posted by: Salley ride | August 4, 2008, 9:58 am 9:58 am

Obama calls McCain cynical. Obama then releases a negative ad. Therefore, Obama must also be cynical. Obama is nothing more than a sophist. He is, after all, a lawyer. McCain has candor; Obama is a hypocrite.

Posted by: Patrick | August 4, 2008, 9:58 am 9:58 am

Does the CITIZEN OF THE WORLD {more like the planet of Jupiter } not realize that the big oil companies will pass along that windfall tax increase on to us – the consumers- and we will be paying more ?? What part of Illinois did this nit wit come from ??? Rockbama – you just don’t get it and thats why your ratings are going down!! Let us all rejoice in this and call out Rockbamas favorite preachers to give the sermon !!! Buye bye to the Obamas and their cult !

Posted by: jimbo | August 4, 2008, 9:59 am 9:59 am

marylou – um, one vote in the senate doesn’t mean Obama is owned by big oil. But millions of dollars in campaign contributions to reverse his policy on offshore drilling means that McCain is DEFINITELY owned by big oil. Get a clue. Nobody is buying your nonsense.

Posted by: rachel c. | August 4, 2008, 9:59 am 9:59 am

Wake up America, I am not in favor of the oil companies making the profit. I am just stating a fact that the comsumer is going to be the loser.

Posted by: Lee S. | August 4, 2008, 10:01 am 10:01 am

marylou,
I will take an “empty suit” over an “empty hat” any day!
This time we will elect a POTUS with an IQ over 35!

Posted by: MI VOTER | August 4, 2008, 10:03 am 10:03 am

90210:”Obama is in the hip pocket of BIG OIL, the contributations prove it. What a hypocrite !”
So what, exactly, does big oil giving 500% MORE to McCain say?
“I suspect 90210 is just another kid having fun by seeing how stupid a line he can get people to react to.”

Posted by: jhw539 | August 4, 2008, 10:03 am 10:03 am

Why is it that we are able to make cars run without oil and yet we are still using oil? We can cut utility costs with solar and wind yet we are sitting at the mercy of all these greedy politicians who have their pockets lined with special INTERST Groups and big corporations. Isn’t that the confict really? We vote for people to keep us dependant on these companies! Where are the leaders in our Country who can make this change really happen? I use to be a Republican until we went to war and now I see clearly as to how corrupt both parties are. I say we fire them all and start over with no more than a 4 year term for congress,Senetors,And The president
Vote for yourselves or me but lets get rid of the greed and make our Country strong with ethics and values and doing whats right!
Tgirl

Posted by: Toni | August 4, 2008, 10:03 am 10:03 am

marylou – allow me to explain how things work for you, since you seem very confused. The gas tax goes into the overall federal budget, which pays for many things, including some Iraq war spending. It doesn’t cover the entire cost of the war, obviously, since that cost is astronomical ($10 billion/day) and Bush prefers to borrow the money abroad (mainly from China) and leave that debt for future Presidents to deal with.

Posted by: ludlow | August 4, 2008, 10:03 am 10:03 am

McCain changed his position on domestic drilling weeks ago when gas prices became crippling – and let’s remember, it’s just a piece of his “Conserve More, Produce More, Invent More” energy plan.
Unlike Obama who flipflopped to support drilling last week when the polls showed that 70% of Americans now support it. And after he got slammed for saying if we’d all inflate our tires, we could save every ounce of oil DD would produce.
McCain is a Leader. Obama is a Follower. Obama isn’t fit to serve as POTUS.

Posted by: marylou | August 4, 2008, 10:03 am 10:03 am

Lee S. – the consumer has already lost. We might as well ask the oil companies and the speculators to at least give something back to our public treasury and help ease our tax burden.

Posted by: ludlow | August 4, 2008, 10:05 am 10:05 am

The truth is Gasoline should go over 10 dollars a gallon. Because Americans will never cut back on wasteful use of Fuel at the low prices they are now.
Americans are very wasteful and high fuel costs will force Americans to conserve. Its not politically correct to say that. But it will also cut back on pollution.

Posted by: pigs slop | August 4, 2008, 10:07 am 10:07 am

First of all, how much does Obama consider to be a windfall? How much does the oil company have to make in order to be taxed with this? What is his “excess profits amount”?? He doesn’t ever say that! So it’s just a ploy to get the little man thinking he’s winning but the promise is so vague that he’s not telling the people at what point oil companies will be taxed…they never will be! And WHY for that matter is a company … any company for that matter … punished for being successful?? If they make the money why are they being taxed a so called “windfall tax” to give to the poor…how about reward people who go out and make their own money rather then the people who sit around and wait for the handouts!!!

Posted by: R | August 4, 2008, 10:07 am 10:07 am

marylou – so you’re proud that McCain flipflopped because he was offered massive campaign contributions by Big Oil, yet you despise Obama for changing his position because he actually listens to what the American people want.
Typical Republican – screw the people, give everything away to the corporations.

Posted by: terry's mom | August 4, 2008, 10:08 am 10:08 am

If you TAX the OIL companies they will pass the cost of the TAX onto the consumer. That is one little BIG detail Obama is not telling you.
Yes it sounds good to TAX the oil companies. But no matter what the consumer will pay the TAX

Posted by: pigs slop | August 4, 2008, 10:09 am 10:09 am

Obama is nothing but a south side of Chicago thug. Period.

Posted by: kissmyass | August 4, 2008, 10:09 am 10:09 am

Well I really don’t care what anybody says. I hate all liberals and democrats anyway and I will do or say anything to get McCain elected and keep a Democrat out of the White House. No amount of logic or arguments will ever change MY mind!

Posted by: marylou | August 4, 2008, 10:10 am 10:10 am

Also the TAX of the OIL companies that Obama wants will go to SECTION 8 Welfare people that have never worked and have no plans on working
That also is one little BIG detail that Obama is not telling you

Posted by: pigs slop | August 4, 2008, 10:11 am 10:11 am

pigs slop – so the oil companies should keep on making ridiculous profits without ever giving anything back to our government? That’s just stupid.

Posted by: lev | August 4, 2008, 10:11 am 10:11 am

I have been watching and voting in elections for a long time and I have never seen a candidate (Obama) have so little details on his plans. His plans change as often as the polls tell him to. He is a Great Speaker I will give him that, But as Mrs.. Clinton said we need action not a speech. You Obama supporters are willing to give him free pass on everything he does. He Obama said it himself a little over a year ago. He would not run in 2008 because he would not have the experience by then, and he is all about experience first.

Posted by: batesba74 | August 4, 2008, 10:11 am 10:11 am

If Obama is elected, what would stop the oil companies from moving to Dubai where there are no taxes, meddling governments and a political party bent on revenge? One way or another, if elected, the unholy trio of Obama, Reid and Pelosi will attempt to crush the oil companies. Big Oil’s response will be to stop exploration (remember they pay millions to do this not the government) and let the price of oil soar. Or, as I said, they can go off shore and tell the Congress to shove it.

Posted by: Jeff Saeli | August 4, 2008, 10:12 am 10:12 am

R: Nice party-line rant about the windfall tax. Now, do you think the oil companies should repay any of the massive subsidy they received when oil was “too low” for them to make a profit? They are still receiving oil royalty free in parts of the Gulf of Mexico, that is they are getting oil from land the public owns and the public is not getting a single cent. When it is pulled out of government land, that oil is free to the oil companies. How is that fair?
If oil companies come begging for corporate welfare in lean times and are handsomely subsidized, then they better expect to pay some of it back when wallowing in excess.

Posted by: jhw539 | August 4, 2008, 10:12 am 10:12 am

Jeff Saeli – what’s stopping them now?

Posted by: anne c. | August 4, 2008, 10:13 am 10:13 am

If Obama puts a tax on big oil, they will pass it on to you. If you want an additional hike in oil prices, Obama is your man. Make that $5+ plus a gallon. Thanks Obama…

Posted by: Abe in FL | August 4, 2008, 10:15 am 10:15 am

Amazing how Republicans will defend to the death the very corporations and politicians who are screwing them royally, but will rabidly attack the people who are actually trying to help them. No wonder our country is in such a mess. All these brainwashed Republican-bots are destroying our country with their ignorance and stupidity masquerading as “common sense”. So sad.

Posted by: anthony buccio | August 4, 2008, 10:16 am 10:16 am

bedy – It’s amusing to see people defend McCain who has basically morphed into a Bush or Obama depending on his audience. He morphs on some environmental programs, wouldn’t vote for his own immigration bill, didn’t support the new GI Bill, wishes to continue the Bush faith based programs, proposes to continue the war and occupation in Iraq, proposes to borrow & spend more than Obama, to create more debt for our country and claims to know little about the economy (at least he’s accurate here). Are you really gullible enough to believe he’ll balance the budget in four years? What supports this last since he continues Bush’s failed economics? Is the the experience this nation needs?

Posted by: 63tango | August 4, 2008, 10:16 am 10:16 am

2 wars, a recession, mission accomplished GOP scumbags, a massive credit crisis, a massive housing crisis, bankrupt america, John mccain is how old?? 71? He should retire, he is a total looser

Posted by: JJammin | August 4, 2008, 10:17 am 10:17 am

Yea, Obama did vote for Bush-Chaney Energy Plan, however, go and read what the plan is and then make a judgement call. The plan is called Energy Independence and Security Act of 2007 and from my understanding, it improves vehicle fuel economy, increased production of biofuels, improve standards of appliance and lighting, encourages energy savings in Buildings and industry, promotes energy savings in government and public institutions, promotes alternative energy research and development, promotes carbon capture, and improve energy. To me, this bill helps to encourage new research and use of new energy, but McCain did not vote for or against the bill.
However, McCain does support Bush’s tax cuts for oil companies and wants to add 3.8 billion dollars to the tax breaks for “Big Oil” companies and plans to protect their profit. So by mentioning how Obama supported Bush-Channey’s energy bill, is irrelevant to the ad.

Posted by: Nic | August 4, 2008, 10:18 am 10:18 am

I seen ads for Obama, fast-track alternative energy, what a waste. Then we have McCain, drill, wind, nuclear, hydro-electric, ect. is the answer. This is the military in McCain, he wants energy to free our country from the arabs. I’ll vote for the McCain, the winner !!!

Posted by: carlson | August 4, 2008, 10:21 am 10:21 am

Comparing McCain’s change in position regarding offshore drilling to Obama’s is like comparing night and day. McCain changed his position in reaction to a major change in the price of oil. Oil has come DOWN since McCain promoted offshore drilling, but is still too high. Obama flip flopped on a position he held less than one month ago when he spoke about McCain’s change saying, “It’s another example of short-term political posturing from Washington, not the long-term leadership we need to solve our dependence on oil.”
Well a poll released Thursday showed the majority of American’s support offshore drilling. On Friday Obama changes his stance. Flip flop, flip flop. Now there is a change you can believe in… Changing his stance to please as many people as possible and not standing up for something he believes in. Not a great quality for president. If he is elected we’ll have to have a state of the union address every other day so we know what is going on with him at the helm…

Posted by: flip flop Obama | August 4, 2008, 10:23 am 10:23 am

Obama thinks the government with higher TAXES that create wasteful programs can figure out ways to Alternative energy.

Posted by: pigs slop | August 4, 2008, 10:24 am 10:24 am

Obama will not stoop to dirty politics and lies, remember the “change and “politics of old”. Looks like he just flip-flopped, again, look who is calling the kettle black. Obama complins about McCain and in reality he is worse.

Posted by: cindy in Jacksonville | August 4, 2008, 10:24 am 10:24 am

anne c.
Lets talk Bill Clinton and now McCain who said Obama is using the RACE CARD

Posted by: pigs slop | August 4, 2008, 10:25 am 10:25 am

63Tango: I believe that the Obama supporters are the ones that are gullible enough to believe Obama will bring any meaningful change. I prefer to wait four years for a good Democrat to come along. In the meantime, the Democratic Congress will keep McCain in check. Todays Rasmussen poll seems to show that many are coming to the same conclusion. McCain has pulled ahead of Obama for the first time. Obama’s ship is sinking.

Posted by: bedy | August 4, 2008, 10:27 am 10:27 am

This past Friday I heard McCain announce his plan for combating crime in America, I can paraphrase it into two words; “The Surge”. He wants to “fix” America like he thinks he is “fixing Iraqi”! Funny how Conservatives can afford $30,000 a year to house prisoners, but they cannot afford $20,000 to educate citizens so the prisons will not be needed in the first place. Oh yes and lets not forget, once the poor are educated and employed they can afford to pay for their own educations!!! McCain and the Republicans are facilitating the return of Feudalism to western society!!!

Posted by: nh pragmatist | August 4, 2008, 10:29 am 10:29 am

This is really funny. Go back to March 28 during the heady primary with Hillary Clinton. Obama releases an ad:
“I’m Barack Obama, and I don’t take money from oil companies or lobbyists, and I won’t let them block change any more.”
Hillary hits back that Obama took in lots of money from oil companies, and accordingly to the Center for Responsive Politics, he took in $213,884 from the oil and gas industry as of Feb. 29th, whereas Sen. Hillary Clinton took in $306,813 in that same period.
Sounds like Obama will say anything!

Posted by: Patrick | August 4, 2008, 10:30 am 10:30 am

I’ll go with the McCain energy deal, at least we will have energy in the near future. Obama will self-inflate his tires, he has the hot air.

Posted by: BOBCAT | August 4, 2008, 10:31 am 10:31 am

What the heck is the “race card” anyway? Can anyone define it? Or is this just the “smear of the day?” Or apparently of the year. Nobody has to “play” the race card. Race is always a fundamental issue in America. It is always there, and ignoring it is not going to help, so why not address it bluntly?

Posted by: jock59801 | August 4, 2008, 10:32 am 10:32 am

I think all this screaming about the Windfall Tax is not really helping anybody. The Carter administration did sign it but it wasn’t appealed until the LAST YEAR of the Reagan administration when oil prices were low. I wish people would do research before they jump and say that the Windfall tax will increase gas prices. First of all the tax is not on profits itself. I could try to explain it but it’s so complicated that I would recommend people to “Google” it and see which explanation is the most clear. Why do people jump to the first assumptions without doing any research? This is especially embarrassing considering that you need to use the internet to discuss on the blog. Would it take less than a minute to look up something you know little about?

Posted by: bspia2 | August 4, 2008, 10:32 am 10:32 am

The ad is correct in every way.

Posted by: dan | August 4, 2008, 10:32 am 10:32 am

Way to go BHO. By opposing and now supporting limited drilling, you’re working to increase the profit for Big Oil. By increasing supply, as it was in the 90s, Big Oil nearly went bankrupt. Now, he’s trying to construct alternative reality for us. This man’s arrogance is exceeded only by the temperature of his hot air, which when placed in our tires wouldn’t buy us cheaper gasoline. May the Lord help us should this neophyte socialist gets elected because high energy is only a minor problem then.

Posted by: Frustrated Voter | August 4, 2008, 10:34 am 10:34 am

Obama made a mistake with this AD. Now McCain is going to ATTACK this AD to HeII

Posted by: pigs slop | August 4, 2008, 10:34 am 10:34 am

bedy – If elected McCain will continue this disasterous war and occupation. And, he promised to continue the borrow and spend policies while allegedly balancing the budget. (Some economics!) The Democrats control of Congress is very tenuous and thin…not enough to exert much balance of power…especially since Lieberman is really an R. Much too much is being made of “experience” if all it means is pursuit of the same failed policies. I’m reminded that Cheney, Rumsfield and the rest all had “experience” and “gravitas”. Big deal if your ideas are bogus and dangerous!

Posted by: 63tango | August 4, 2008, 10:34 am 10:34 am

Senator Obama has received a good share of contributuions from BIG OIL. This ad is nothing but distortions. Obama’s campaign is the politicial leader of distortions and lies. No lie can be too big if it helps him win. Such a shame.

Posted by: MARY | August 4, 2008, 10:35 am 10:35 am

If Obama wants additional tax revenue from the oil companies, who will pay the price of gas, when they raise the prices? Will Obama give this money to his Southside Chicago residents? No more handouts – vote McCain.

Posted by: GO Jags | August 4, 2008, 10:36 am 10:36 am

Let me rephrase that.
It was CHICKEN HAWK Obama who wants to invade Pakistan and continue an ocupation of not only Iraq but now Pakistan and Afghanistan. Its only a matter of time before anti war demonstrators protest Obama

Posted by: 63tang0 | August 4, 2008, 10:37 am 10:37 am

marylou <<< My guess is your wrong, McCain will lose. In the end it will come down to one thing, America will reject him along with every other Republican they can. The Dem's will not win despite their celibrations, no marylou it is the Republicans that will loss and lose big. They are on the wrong side of a history they themselves created!

Posted by: nh pragmatist | August 4, 2008, 10:37 am 10:37 am

Obama is plunging in the polls because of his own energy policy; consumers inflating their tires, more frequent tune-ups, and increasing the taxes on American oil companies from 75% to 85% (they pay $3 in taxes for every $1 of profits now).
So now he comes up with his own ad to impugn John McCain. No problem. The water won’t stick to this duck.
But I think Obama needs to start talking about the other 16 of the 20 largest oil companies; the ones owned and operated by foreign governments. They’re much bigger than American oil companies and they can’t be punished by American income taxes.

Posted by: ragnar30066 | August 4, 2008, 10:37 am 10:37 am

Rev. Wright knew Obama, all to well. He said Obama was a “typical politician”, he was right.

Posted by: Johnny m | August 4, 2008, 10:39 am 10:39 am

63tang0: The hard left antiwar has already attacked Obama’s reality based policies. It is part of what make accusations of a “cult of personality” so laughable (Obama is supported strongly only where his views match his supporters – when he wanders, his personality doesn’t spare him criticism or sway supporter views).

Posted by: jhw539 | August 4, 2008, 10:40 am 10:40 am

Obama says he will tax the oil industry heavily, which is somehow going to reduce our costs at the pump. Huh?! Just google it. Google “OBAMA OIL AD” and it will actually lead you back to March 28th, where he says he will tax Exxon heavily (even though they Exxon has to buy oil at record prices). If you believe in big government, then this is your Jimmy Carter of the 1970s.

Posted by: Patrick | August 4, 2008, 10:40 am 10:40 am

McCain birthday is next. I want to point out that McCain will only be 25 years older…and wiser!

Posted by: Patrick | August 4, 2008, 10:43 am 10:43 am

Patrick
I would rather have big government than big corporations that are allowed to gouge the consumers unrestricted. At least the government we potentially have some control over.

Posted by: jock59801 | August 4, 2008, 10:44 am 10:44 am

Patrick: “even though they Exxon has to buy oil at record prices”
Exxon pulls oil out of the ground – some of it completely for free, zero royalty, from the Gulf of Mexico. They don’t have to pay a single penny for the oil they pull from those sweethart US lands leases. You should look up what an oil producer is.
I think it’s clear who doesn’t quite understand the market here.

Posted by: jhw539 | August 4, 2008, 10:44 am 10:44 am

Democrats pushing the old “republicans and big oil” boring line that the uninformed and environmental activists tout. Dems depend on ignorance to fuel this fire as they know people can do some easy research and look at a couple of simple numbers such as:
1. Oil company profit margins are at or below the typical profit margins of most companies. They make large profits because they are a huge industry that employee a lot of Americans and they have a lot of assets and infrastructure.
2. Oil companies have paid 3X in taxes then they’ve made in profit over the last 20 years.
“We can cut utility costs with solar and wind yet we are sitting at the mercy of all these greedy politicians who have their pockets lined with special INTERST Groups and big corporations.”
Go look up the per kilowatt hour cost of solar and wind and try saying you can cut costs. This might sound like a gread ideal but solar and wind are several times as expensive and they still require a backup coal fired plant because they are inconsistent and left on their own would cause blackouts. Moving to alternative energy and conserving is desirable but please don’t tout these technologies in their current state as they are very immature. We need a comprehensive energy strategy including transitional technologies like more nuclear, liquid coal, natural gas and more oil drilling. If you try to deny this you basically endorse $5-10 gas in the transition since there is no other feasible way.

Posted by: Cryos | August 4, 2008, 10:47 am 10:47 am

MARY: “Senator Obama has received a good share of contributuions from BIG OIL. ”
Obama has accepted contributions from private individuals who are employees the oil industry. Most of them small donations from the union workers and equipment suppliers who make the foundation of the oil industry. Suggesting the company entities, representatives, or lobbiests, who are generally what is referred to as BIG OIL, have donated to Obama is a BIG LIE.

Posted by: jhw539 | August 4, 2008, 10:48 am 10:48 am

Obama. We read. We understand profits and we know how much the Federal Government skims away in taxes and how much the states skim away in taxes from oil companies so please give us a break on all of this and start talking about how the Government(s)should take a cue from these profitable companies and do more with less.

Posted by: dav_0107 | August 4, 2008, 10:50 am 10:50 am

Oil companies have been blackmailing Americans with price gouging to get off shore drilling. They figure if they can twist the American arm hard enough they will keep the Bush era alive and well with McCain. Countries all over the world are developing new technologies for transportation to get away from oil. Why are big oil, American auto makers and the Republicans in bed together? That’s an investigation I’d like to see. Could it be they would rather give huge profits to stock holders now than invest in America’s future?

Posted by: onlymythoughts | August 4, 2008, 10:51 am 10:51 am

It’s not rocket science to know McCain is the oil industry’s favorite. McCain talks a lot of BS when it comes to energy policy. Elect McCain and you’ll see why they “donated” 2 million dollars to his campaign. They ain’t doing this from the goodness of their heart. McCain, big oil, and Corporate America are all partners. McCain gets the money, big oil gives them their shopping list, McCain gives them what they want. Thats how simple this is. Not very different from prostitution. Wake up America, this man struts around in $500 shoes, you think he gives a rats #### about you? It’s all about him and his quest for his never ending thirst for power.

Posted by: Jake | August 4, 2008, 10:51 am 10:51 am

Obama stayed with wrights church even after he had heard wright say we had 911 coming to us….Obama stayed with wright even when wright G.D America and it’s people…Why would any true American follow Obama and wright after all these things were said? None of these comments bothered Obama till he saw he was caught lieing and it all was out .Obama went to the muslim communities after 911 and talked with them about how they felt about the way they were being treated by the American’s and by the FBI….But Obama didn’t go to the people that had lost loved one of 911 to see how they were doing or how they felt…American’s and the FBI had every right to feel the way they did after 911 …

Posted by: PCC | August 4, 2008, 10:52 am 10:52 am

I’d rather have this ad than one that features brittany spears, paris hilton or Chuck Heston.

Posted by: Louis | August 4, 2008, 10:52 am 10:52 am

Come on! Tax and More tax is not going to solve the problems. All it is going to do is dump more of the burden on the lower economic class of people, In fact all people who use items from Oil. Food, Deisel. If the Democrats spent have as much energy in trying to work with the american people instead of shutting down everyone who had an Idea then we would not be in this mess.
Obama needs to get a grip on reality. Even I can see what is going to happen and I failed Economics the first time in school.
I guess this goes to show you what we need to do in the next few elections.
Vote the Democrats Out of their currently held congressional offices.

Posted by: RlRedfield | August 4, 2008, 10:53 am 10:53 am

Couple other questions I have regarding democratic politicians.
Why is it that democrats always seem to criticize american companies but you don’t see them criticize foreign companies? The US companies have less clout than foreign nationalized companies and other large foreign corporations but democrats always blame the american companies. Could it be democrats are on the payroll of “foreign big oil”?
What about the word “strategic” do the democrats not understand? They want to deplete our refined reserves and replace them with unrefined oil that only a few US refineries can refine yet not drill for any more oil? How stupid do they think we are? If there was a major oil supply problem REFINED oil is the key to keeping us from a national crisis. I sense ulterior motives with the democrats on this one.

Posted by: Cryos | August 4, 2008, 10:55 am 10:55 am

Here are estimates from the Tax Policy Center: McCain’s plan adds $4.5 trillion in new debt. How do you reconcile this with the McCain’s claim to balance the budget? It means greater borrowing by government for the war. I means high cost to borrow money for business and economic expansion? It means simply, we’ll make greater interest payments to China, Japan and other countries that buy our debt. McCain’s claim to balance the budget…LOL. Experience…more of the same.

Posted by: 63tango | August 4, 2008, 10:56 am 10:56 am

Toothchipper55, you wrote: “In contrast, Senator Obama will get a windfall profits tax (on those excess Oil Company Profits) that will be rebated to you.”
What do you consider excess profits? Are you aware that the profit margins that the oil companies receive are well below the average corporation? The only reason their total profits are as high as they are is because their sales volume is so high.
Congress already tried a windfall profits tax on the oil companies from 1980-1988. During that time U. S. domestic production of oil dropped between 1.2% and 4.8%. Less supply means higher prices. Windfall profits taxes are wrong economically.
These are private corporations. Their primary obligation is to their shareholders. These shareholders invest their hard earned money in these oil companies in order to make more money for themselves. When the government steals from the profits that lowers the dividend potential of the stock. That will cause fewer individuals to invest in these companies. That may eventually cause even more of the oil companies to move abroad and make us even more dependent on foreign oil.

Posted by: James Danley | August 4, 2008, 11:00 am 11:00 am

“RlRedfield: If the Democrats spent have as much energy in trying to work with the american people instead of shutting down everyone who had an Idea”
Out of curiosity, do you know which party filibustered more bills than any Congress, ever? The good ‘ol Roadblock Republicans of the 110th Congress (2007). They may be a minority, but they’ve been happy to block everything they possibly can from going to an up or down vote. They make the previous Congresses with Democratic minorities look embarrassingly naive and pliable as the Republicans ran the deficit up to record levels actually.

Posted by: jhw539 | August 4, 2008, 11:00 am 11:00 am

Hey, jhw539, I am not an oil expert. However, I lived in Saudi Arabia for two years (did not work for the oil companies). Moreover, my mom actually owns a couple of acres of land in Texas that pumps enough oil to earn about $60 to $80 in royalties every couple of months! Wow, break the bank! It costs a lot of money to pump oil…the equipment, environmental issues, etc – it’s not cheap. Refinery capacity is limited. It’s going to cost a lot of money to expand our infrastructure. But taxing it to death is not going to help anybody.

Posted by: Patrick | August 4, 2008, 11:02 am 11:02 am

Someone should ask Obama his opinion of the 7 billion dollar subsidy that the government pays to prop up the inefficient domestic ethanol companies . Now there is a waste of money. We pay these companies .51 cents a gallon to produce an inefficient product that takes up land for food. We could buy better and cheaper ethanol from Brazil, but Obama opposes eliminating the .54 cent per gallon tariff. Illinois is the number 2 corn producer after Iowa. There are too many votes and too much campaign money for Obama to do what is right for the country. At least Big oil produces an uninterrupted supply of oil. If you don’t like the oil companies, don’t buy their product and walk to work.

Posted by: Jeff Saeli | August 4, 2008, 11:04 am 11:04 am

Cryos – We criticize American oil companies because they are the ones gouging us at the pump. You know, those little names in the signs at the gas stations? It’s kind of a clue.
Nobody is talking about using up the all of oil reserves; just a very tiny precentage? What is it there for anyway? A crisis? Guess what, we got one.

Posted by: jock59801 | August 4, 2008, 11:05 am 11:05 am

A few points: American owned “Big Oil” made 8.5% profit per dollar in sales. That’s not over the top. American owned “Big Oil” only makes up 17% of the worlds production. If Obama taxes “Big Oil” for windfall profits – only American Companies will pay. If American companies become non-competitive because of a windfall tax, well, so much for low prices and energy independence. We will be out of the energy business.

Posted by: slim | August 4, 2008, 11:05 am 11:05 am

Unfortunately democrats can spout garbage like this and the modern liberals will suck it up (many moderate democrats and classic liberals are too smart for this shallow of rhetoric)
Guess what. It’s not the 50s where its “corporations versus the people” its corporations versus foreign corporations. I hope most people on this thread are smart enough to know when there are major foreign competitors with support of their government taxing our companies more will only put the burden on american taxpayers and continue to strengthen china, india and our other competition.
Hopefully a lot of the democrats fooled on these issues by their politicians can adjust to the concepts of globalism and realize the economic reality is not that simple. China has its hands in both political parties’ pockets but they have heavily had their hands publicly in the pockets of democrats since Clinton during the 90s when we conveniently “accidentally” transferred ttechnology to them.
One more great hypocrisy is how democratic politicians are against US drilling but “demand” that OPEC increase production.
Regardless of transportation we will need oil for a long time for plastics, cosmetics, etc so to be realistic the only way to get off of foreign oil is to increase domestic output and cut usage by switching to alternative energy.

Posted by: Cryos | August 4, 2008, 11:05 am 11:05 am

Obama`s understanding of economics apppears childish. He said the gas tax holiday proposed by Hillary was a gimmick because the Fed Govt could not figure out how to prevent the oil co.`s from passing it on to the consumers but now he proposes to pass a “windfall profits” (bet he can`t define that)tax that the oil co.`s will have every right to pass on to the consumers!
When he heard a Republican say there was no recession, he cited higher gas and other prices. Anyone who took Econ 101 knows that higher prices indicate inflation, not recession.

Posted by: Luke | August 4, 2008, 11:06 am 11:06 am

I’m sick and tired of Obama and his “big oil” rhetoric. Big oil maybe makes 8 cents a gallon while the government takes more than double than that on taxes. Oh yes its for infrastructure…Oh really???!!! Haven’t seen any new major highways being built with federal money lately. I’m voting McCain..

Posted by: evagal | August 4, 2008, 11:08 am 11:08 am

jhw539 – So what’s your point? I’m from the center not the right or left. I see McCain sucking up to the radical right each day. Those are the same neocons who marketed us into the war and want to continue it. Those are the same neocons who borrow and spend to perpetuate the war. How many more empty multimillion dollar prisons will we build in Iraq? How much more are we planning to borrow to invest in their infrastructure (to be blown up)? When are we going to invest in America? I don’t see that in McCain’s ideas. Just more of the same old failed Bush plan.

Posted by: 63tango | August 4, 2008, 11:09 am 11:09 am

Luke: “Anyone who took Econ 101 knows that higher prices indicate inflation, not recession.”
Higher gas prices by themselves do not define a recession, but they sure can be counted on to lead to one!

Posted by: jock59801 | August 4, 2008, 11:10 am 11:10 am

“Nobody is talking about using up the all of oil reserves; just a very tiny precentage? What is it there for anyway? A crisis? Guess what, we got one.”
Jock this is not a crisis;
A crisis is a major natural disaster like a hurricane taking out our heavy oil processing refineries or a war blocking the persian gulf or other supply route. $4 gas is not an emergency and is desired by liberals to cut consumption. Even Obama admitted he is fine with high gas prices he just wanted them to get there more slowly.
Point blank liberal ideals lead to $4-10 gas so if you support the liberals on the energy issues don’t whine about the gas prices as you implicitly support them.

Posted by: Cryos | August 4, 2008, 11:12 am 11:12 am

Cryos:
I agree with you on transitional energy solutions. As you mentioned the “alternative” energy sources are immature. But what about pumping money into research now so that somewhere down the way the alternatives can become a viable source to our situation now. D-Obama said that he’ll want 150 billion to invest in the future of biofuels and other energy that could be considered transitional under your definition. So I would just say the Democrats as well as the Republicans are looking for a better strategy. But this is a non-partisan issue for the country and it should likewise be for Congress. The solutions are not as simple as “more drilling”. The idea of more nuclear energy makes sense but what about all the nuclear waste that would be produced? What would we do with it? So there are always two sides to any idea and I wouldn’t be quick to jump to any solution that could be summed up in two-to-three points.

Posted by: bspia2 | August 4, 2008, 11:12 am 11:12 am

Cryos
I really don’t understand this notion that corporate profits should be defended at all costs, even if they are hurting the American people. So much for Republicans caring about the “little guy.”

Posted by: jock59801 | August 4, 2008, 11:13 am 11:13 am

Very sucpicious…
When this blog referred to John Mccain’s Paris/Britney ad it provides a link to pla the ad.
When it talks about Obama’s Ad there is no link….
Biggest story is the Media is in bed with “My Friend” Mccain but is running reports to opposite.
____________________________________
That is B.S. I tried to watch the McCain ad the other day here and it was disabled as well.

Posted by: mj | August 4, 2008, 11:14 am 11:14 am

evagal: “Haven’t seen any new major highways being built with federal money lately.”
Then I suppose the 2005 $286.5 billion transportation bill went to flower gardens and pony rides?
It is well documented that transportation funding exceeds federal gas tax revenue, in part due to it’s popularilty as a vehicle for ‘pork’ spending – remember Senator Steven’s bridge to nowhere in Alaska?
You also seem to be woefully ignorant of the cost of mere maintenance. In densely populated areas, the highways are essentially be continuously rebuilt due to structural wear.

Posted by: jhw539 | August 4, 2008, 11:16 am 11:16 am

MI Voter – You’re response to marylou is incorrect. She was speaking about the Energy Policy Act of 2005 (nicknamed Cheney’s Energy Bill – and a HUGE giveaway to big oil), not the Energy Act of 2007. Obama voted for EPAct 2005, McCain and Clinton did not.

Posted by: mhhunt | August 4, 2008, 11:21 am 11:21 am

Patrick: “But taxing it to death is not going to help anybody.”
I disagree on this. If a $2 tax was instituted on gas effective 2004 (so it would have phased in gradually over 10 years from the $0.99 / gallon, $10 a barrel era), we could have:
1. Eliminated personal income tax.
2. Not cared less about unstable Middle East regimes (much like we do, for good or ill, in Africa).
3. Been able to tell the other first world nations to whine to someone else about global oil change.
4. Possibly have a world-leading automotive industry
How can you possibly not see the benefit of #1? The key is we should move from taxing earned income (essentially taxing your contributions to society’s real wealth) to taxing resource consumption (a finite resource outside our control). But all people hear is “gas tax!!!” and whine.
BTW, you’re mom is literally earning more money on oil royalties than the total US government royalties earnings for the extraction of about $100 billion of oil from some Gulf of Mexico “leases.” Does that make sense to you?

Posted by: jhw539 | August 4, 2008, 11:25 am 11:25 am

“I really don’t understand this notion that corporate profits should be defended at all costs, even if they are hurting the American people. So much for Republicans caring about the “little guy.”
I’m sorry but this is a really poor response. Maybe you just don’t realize our companies are being buried in the global economy and the “little guy” is being screwed more by foreign competition than the american companies. Your answer of screwing the american companies will just put more american companies out of business and make us export more and more of our wealth to foreign companies for their profits they reinvest in their host countries. Then they can charge us whatever they want knowing we don’t have domestic production to compete. Kind of like with oil now where they can charge us what they want and we can’t produce it domestically because people like Pelosi are trying to “save the world.” Hopefully you are able to see that this is not a desirable approach.

Posted by: Cryos | August 4, 2008, 11:26 am 11:26 am

And the mainstream media is in the pocket of Obama. What is worse I wonder?
The MSM is simply propaganda for Obama’s campaign and without them doing any real research on Obama, he is free to have big oil, big energy and big terrorists in his pocket-providing him, in a very sneaky way, with his record-breaking fund raising.

Posted by: Nikki | August 4, 2008, 11:26 am 11:26 am

Wouldn’t it be a shame to get your $1000 from Obama and then later learn that your 401K, mutual fund, or pension fund lost $11,000 because it was invested in some “Big Oil” stocks. Of course that doesn’t matter to Obama. His pension will be funded by tax payers.

Posted by: slim | August 4, 2008, 11:27 am 11:27 am

“D-Obama said that he’ll want 150 billion to invest in the future of biofuels and other energy that could be considered transitional under your definition.”
I like McCains approach of a “prize” rather than dedicating government money. Here’s what happens when you give money to scientists on fixed amounts in grants. The scientists are interested in producing just enough results to keep the government grant money rolling in. If they do too much or too little they get their funding pulled so they won’t admit failure and won’t push success. It’s kind of like the rest of government budgeting “if you don’t spend it this year you don’t get it next year” which is a major reason for government spending wastes.

Posted by: Cryos | August 4, 2008, 11:28 am 11:28 am

Obama ad back in March said this:
“I’m Barack Obama. I don’t take money from oil companies or Washington lobbyists, and I won’t let them block change anymore. They’ll pay a penalty on windfall profits. We’ll invest in alternative energy, create jobs and free ourselves from foreign oil.” So, the money is supposedly going to fund alternative energy, but you know it just creates bigger government. Besides that, he’s misleading the public, because he did take money significant sums of money from the oil industry. Now let’s fast forward to the present…

Posted by: Patrick | August 4, 2008, 11:28 am 11:28 am

“So there are always two sides to any idea and I wouldn’t be quick to jump to any solution that could be summed up in two-to-three points.”
That is exactly my point. Republicans appear to be embracing a multi faceted approach to energy including oil, coal, nuclear, wind, solar, geothermal and conservation. Democrats have taken every cheap form of energy off the table somehow thinking we’ll magically skip our way to alternative energy. This is a dangerous notion.

Posted by: Cryos | August 4, 2008, 11:32 am 11:32 am

Senator Obama will not give the windfall profits tax on those excess Oil Company Profits back to us. The money collected will go to social programs, not all of which are bad. But, again, there will be questionable programs – do you want your expensive gas to finance liberal social programs – the NRA? Some may be worthy, but at least a few I would not care to finance. Obama wants to make oil less attractive the old fashion way: tax it to heII!

Posted by: Patrick | August 4, 2008, 11:33 am 11:33 am

Patrick:”So, the money is supposedly going to fund alternative energy, but you know it just creates bigger government. Besides that, he’s misleading the public, because he did take money significant sums of money from the oil industry.”
No, I don’t know it will go to create bigger government. Perhaps it will go to creating a 21st century infrastructure, in the same way trillions of dollars went to creating our 20th century petroleum infrastructure (which served us exceptionally well, but it’s clearly time to move on before we’re staring down China and Russia over the last puddle of tar). Perhaps it will go to the type of research that spawned the telephone system (know why the US’s country code- what you use to dial long distance- is 1 ?), semiconductors, and the internet. Or perhaps it will flow back to “Big Oil,” who know better than anyone the finite nature of oil reserves and are positioning themselves to provide the next century’s energy.
And your comment “because he did take money significant sums of money from the oil industry” is deliberately dishonest – most people understand the difference between a hundred thousand dollar check from a lobbiest and a thousand $25 checks from field workers, crane operators, equipment engineers, cafeteria workers, etc.

Posted by: jhw539 | August 4, 2008, 11:39 am 11:39 am

Cutting all corporate taxes from 35% to 25%? That quite literally just might bankrupt the federal government.

Posted by: JimmyTMac | August 4, 2008, 11:43 am 11:43 am

What kind of grand infrastructure did Jimmy Crater build besides running away stagflation?

Posted by: Patrick | August 4, 2008, 11:44 am 11:44 am

Cyros: “Democrats have taken every cheap form of energy off the table somehow thinking we’ll magically skip our way to alternative energy.”
Perhaps you missed the news where Senator Obama was roundly beaten up for stating that offshore drilling was still on the table since any solution will have to be comprehensive and may include elements he didn’t like to gain acceptance from all. He understands compromise and the need for comprehensive policy well – your comments would carry more weight if you directed them at the actual Democrat’s position rather than creating an easy to attack but fictitious strawman. You could check out his energy policy paper at his website (the pdf linked at the bottom of the Energy page). It has enough detail that I’m sure you’ll still find items to object to.

Posted by: jhw539 | August 4, 2008, 11:44 am 11:44 am

Patrick: You think that all of Jimmy Carter’s economic woes can be traced to a windfall profit tax on oil companies? Seriously?

Posted by: jhw539 | August 4, 2008, 11:46 am 11:46 am

Luke: “Anyone who took Econ 101 knows that higher prices indicate inflation, not recession.”
Higher gas prices by themselves do not define a recession, but they sure can be counted on to lead to one!
Anyone who took Econ 1101 amd passed it knows that a recession is a combination of the following:
involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits.(Except Big Oil) Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. Although the distinction between a recession and a depression is not clearly defined, it is often said that a decline in GDP of more than 10% constitutes a depression.[2] A devastating breakdown of an economy (essentially, a severe depression, or hyperinflation, depending on the circumstances) is called economic collapse.
Folks, if we aren’t in a recession, then what are we?

Posted by: EL Jackson | August 4, 2008, 11:53 am 11:53 am

No, I don’t think that Jimmy Carter’s economic woes were principally traceable to windfall taxes on oil. Certainly not. He meant well, but he was obviously a weak leader. Besides inflation (OPEC, etc), Carter let the printing press go wild printing worthless dollar bills. Reagan appointed Greenspan later, and things go better after that. By the way, I am not always against taxes…government needs to charge for worthy services that everyone appreciates. But it’s a fine line. Obama tends to favor heavy taxation – he’s among the most liberal Senators today.

Posted by: Patrick | August 4, 2008, 11:54 am 11:54 am

Patrick: “he’s among the most liberal Senators today.”
First off, that oft-repeat ‘fact’ is about as valid as when Ivory soap claimed to be 99.94% “pure soap.” That ‘study’ basically started by defining liberal as what Senator Obama’s voting record suggests. He is definitely no Kucinich and has a history of playing bipartisan ball (check out how he got that videotaping of confessions and interrogations through the Illinois Congress and into law).
As for printing money causing problems, that is a major complaint about the Republican government through Bush’s first six years.
And while most people don’t seem to get it, the money markets understand that the sort of deficits run by spend and borrow Republicans are just deferred taxation and punish the greenback accordingly. Alan Greenspan himself has been quoted as admiring Bill Clinton’s grasp of economics and ability to start paying off the huge debt handed down from Reagan’s unsustainable policies.

Posted by: jhw539 | August 4, 2008, 12:05 pm 12:05 pm

Big oil make between 7% and 8% profit. Pharmaceutical companies make between 40 and 45% profit. Maybe we should demand medicine prices come down or a wind fall profit tax set up for them. That is one reason health care is so expensive. Drugs made by US companies can be sold for much less in Canada, Mexico and other countries.

Posted by: Martin | August 4, 2008, 12:09 pm 12:09 pm

Martin: “Drugs made by US companies can be sold for much less in Canada, Mexico and other countries.”
They *could* be sold for less in the US too, except the Republicans’ prescription benefit explicitly forbade the government from making bulk purchase deals with them, as is done in Mexico, Canada, and every other first world nation in the world (and many second). You could consider that a billion dollar gift to the pharmaceutical industry and their very generous lobbiests, but I just consider it the US subsidizing drug research for the rest of world.

Posted by: jhw539 | August 4, 2008, 12:13 pm 12:13 pm

Inflation has remained low under Bush…no major M1 printing problems. But I do agree about the deficit problem with Bush. Everyone knows Barack Obama is very liberal though. He’s not even really bipartisan…at least not until the elections started just a few months ago. He is mostly an opportunist.

Posted by: Patrick | August 4, 2008, 12:15 pm 12:15 pm

At least Obama is sticking to real issues

Posted by: Symphony of Destruction | August 4, 2008, 12:22 pm 12:22 pm

Patrick: “Everyone knows Barack Obama is very liberal though.”
That is an absolutely meaningless statement unless you can define “liberal” as something other than just a bad name applied to so many diverse policies at this point it’s meaningless. Having to fall back one “everyone knows” is not in any way support for the argument.
Senator Obama voted for FISA, he did not filibuster war spending, his proposed tax package is more conservative than what was in force under the Clinton/Gingrich economic expansion, and in the Illinois congress he wrote and lobbied for substantive legislation that ultimately won unanimous approval and was signed into law (by a governor who initially promised to veto it). Just because “he’s a liberal” is the Big Lie that his opponents are trying to repeat often enough to make it true doesn’t mean it is, in *fact*, true.

Posted by: jhw539 | August 4, 2008, 12:24 pm 12:24 pm

We need to invest and producing our own oil. In the future when the world needs an even larger supply, the US will be the vendors and make all the money.

Posted by: bob | August 4, 2008, 12:24 pm 12:24 pm

Obama does not always stick to real issues…his lofty rhetoric is often more about emotions then substance. And on the issue of gas at the pump, he’s policies would certainly drive the prices up higher. After all, he says he wants to tax oil companies at a premium.

Posted by: Patrick | August 4, 2008, 12:28 pm 12:28 pm

“That is an absolutely meaningless statement unless you can define “liberal”
One only has to look at his voting record which makes him the most liberal senator. The fact he is temporarily shifting positions to try to win the middle since democrats’ pushing left wing liberals the last 2 election cycles means nothing.

Posted by: Cryos | August 4, 2008, 12:30 pm 12:30 pm

“He understands compromise and the need for comprehensive policy well – your comments would carry more weight if you directed them at the actual Democrat’s position rather than creating an easy to attack but fictitious strawman.”
Maybe Obama would appear more genuine if he actually worked to get this compromise done while it mattered now waiting until the day after they left for a 5 week break. I think most people can see through to the shallowness of waiting until a 5 week recess to suddenly “compromise.” Very clever of Obama to fool the naive however. He was very opposed to drilling until congress was on leave; how convenient.

Posted by: Cryos | August 4, 2008, 12:33 pm 12:33 pm

Does everyone understand who big oil is and what they represent?
Mobile/Exxon is the worlds 14th largest oil co., being dwarfed by the really big oil co’s all owned by foreign governments or govt. sponsored monopolles. They dominate the worlds oil supply.
94% of the worlds oil resources, are owned and controlled by foreign govt’s,many of which are hostile to the US. Mobile/Exxon purchases 90% of it’s oil from these sources @ a devalued dollar, because there is not sufficient reserves in the US.
No wonder obama is so pandered after in Europe and the middle east. They don’t want to stop the largest shift of wealth in history being sent to there countries.
Our future is not in oil, and those who control these oil supplies know it. Both canidates should be in the pockets of research/development for a break through in battery tech.

Posted by: JJ | August 4, 2008, 12:37 pm 12:37 pm

The oil companies’ profit on each dollar sold (profit margin) is much smaller than most other companies. And who owns oil companies? You do, along with almost everyone with a retirement plan. Therefore, as ABC says, “it’s your money.” The government takes in MUCH more on a gallon of gas than do the oil companies. So it’s funny that Senator Obama took the position that the gas tax holiday for the summer months was not significant, and the American public didn’t deserve the savings. So, logically, Senator Obama would believe that oil company profits are insignificant on a per gallon basis, since they are much less than the government’s take. Where’s your outrage of the government’s “windfall profits” on gasoline? Most of you are so partisan you can’t see the facts.

Posted by: jjsmith6575 | August 4, 2008, 12:40 pm 12:40 pm

hey McCain supporters, clearly your the same group that voted Bush in for 2 terms (well we all know he stole the election, it was rigged)
so what do you have to say for yourselves? Look at the state of this country – its horrible. You want to repeat this why?

Posted by: Jason Bralay | August 4, 2008, 12:43 pm 12:43 pm

Excellent point jj. Unfortunately a large percentage of democrats have been sold out by their leaders into the wealth redistribution scam by being told and taking the position that american companies are the big, bad conglomerates meanwhile all their money gets sent overseas to foreign companies.
A lot of democrats can’t seem to get past the 1950s so far as economics and how a world economy works.

Posted by: Cryos | August 4, 2008, 12:44 pm 12:44 pm

I have been a little disappointed with George Bush…but I am still very happy I voted for him when compared to John Kerry. Same same, Al Gore.

Posted by: Patrick | August 4, 2008, 12:46 pm 12:46 pm

McCain has abandoned his previous maverick stances and will now pander to every republican talking point there is – no matter how ill advised.
I found out what he did to his first wife – clearly this is a guy who freely takes the easy route.
He’s cranky because Obama enjoys the kind of support he used to get in the old days. He’s employing ad campaigns that insult voters because he thinks it’s humorous (and gets him attention if the ad is rude enough).
His ads tell some outright lies- he’s just hoping somebody will fall for it.
count me out.

Posted by: Citizen Voter | August 4, 2008, 12:46 pm 12:46 pm

“hey McCain supporters, clearly your the same group that voted Bush in for 2 terms (well we all know he stole the election, it was rigged)
so what do you have to say for yourselves? Look at the state of this country – its horrible. You want to repeat this why?”
Posted by: Jason Bralay
Yes we know you hate Bush, but how about you address the real issues and stop using bush hating to allow the democratic leaders to fool you into bad policy. Can you address some of the points in this thread?

Posted by: Cryos | August 4, 2008, 12:47 pm 12:47 pm

Yeah, like why do Democrats want to pay more at the pump? With prices at $4 a gallon, it doesn’t sound rational to me.

Posted by: Patrick | August 4, 2008, 12:50 pm 12:50 pm

If you want to change the subject and talk about deficits, who controls both the House and the Senate? Democrats. From where does all government spending originate? The House, controlled by Democrats (by a large margin, I might add.) Do you think spending will get better or worse if Democrats control the House, Senate, and Executive Branch? You know the answer.

Posted by: jjsmith6575 | August 4, 2008, 12:50 pm 12:50 pm

oil companies will not simply raise there prices anymore they know that the american people are not willing to pay it and it shows in less demand that we are having right now. no one wants to pay the 4 dollar a gallon for gas so they arent going to raise the rice past that no one was buying it so they lowered the price if Obama taxes windfall profits people will still not pay over 4 dollars a gallon if they raise there prices people will simply not drive as much and they wont sell as much and they will lose even more money. We need legislation that will punish them for basically holding americans hostage while lining there pockets with billons of dollars.

Posted by: getsmart | August 4, 2008, 12:55 pm 12:55 pm

Just one more note. Please do yourself a favor and spend more time analyzing politics than american idol and really dig into issues don’t like the MSM spoon feed you obvious 1 –> 2 –> 3 solutions reality is much more complicated.
Simple mentalities like “omg I’m paying a lot for gas and look oil companies are making a lot of money it must be their fault. Look democrats are blaming them so it must be true and I don’t need any more evidence” are the mentalities that are allowing politicians to screw americans. This happens on both sides of the aisle.
However it appears that on most issues (not all mind you) republicans take american interests over foreign interests and democrats are anti-american interests and act like foreign competition doesn’t exist. That is scary enough in itself.

Posted by: Cryos | August 4, 2008, 12:58 pm 12:58 pm

getsmart – please forgive me. My last post was uncalled for. But if you really believe a windfall profits tax would not be passed on to consumers, you are incredibly naive. The price of oil, as a worldwide commodity, is based on supply and demand (and projected supply and demand.) If more oil is pumped and demand doesn’t change, the price will go down. If supply and demand stay the same, but oil companies are taxed more, the price will go up.

Posted by: jjsmith6575 | August 4, 2008, 1:03 pm 1:03 pm

I’m glad Obama is finally attacking McSlander. It’s about time. The McSlander campaign has no business complaining about hypoecrisy, since they wrote the book on it. Too bad, Republicans. Truth hurts. Too bad.

Posted by: allen_osuno3 | August 4, 2008, 1:08 pm 1:08 pm

jjsmith6575
Some of the windfall tax would be passed on to consumers, but probably not all of it. The companies would have to raise prices to get it back, and the current prices are already starting to stifle consumption, so there is a downward pressure on prices on the demand side. Obama’s plan would probably make them have to eat some of it and give that back to the consumers.

Posted by: jock59801 | August 4, 2008, 1:17 pm 1:17 pm

Perhaps Senator McCain and the GOP need to make an ad showing Obama’s expensive mansion and the $300,000 windfall equity on it with the help of the criminal, government contractor, political fixer and fundraiser Tony Rezko. This ad would be based on facts. Obama has already admitted it was wrong. That is certainly more wrong than getting contributions from oil companies.

Posted by: Martin | August 4, 2008, 1:20 pm 1:20 pm

jjsmith6575: “Karen…You’re joking, right? How can you even type that Senator McCain is favored by the media. ”
Could be she is looking at the FACTS.
“The Center for Media and Public Affairs at George Mason University, where researchers have tracked network news content for two decades, found that ABC, NBC and CBS were tougher on Obama than on Republican John McCain…”
72% of the reports on Obama in the first month and a half of the general were negative while only 57% of the reports on McCain were negative. Before you attack the messenger, this is the same group that defended FoxNews as providing the most factual reporting, is funded by conservative sources, and has a staunchly conservative founder.
There is NO factual basis to claim the media favors Obama over McCain, who has referred to the media as “his base” and hosts media BBQs at one of his home’s backyards. It’s just another Big Lie the right is trying to make true through repetition.

Posted by: jhw539 | August 4, 2008, 1:21 pm 1:21 pm

sorry jjsmith6575 it is not based on supply and demand it is based on futures period. the week dollar and low interest rate are making it easy for futures to buy up as much as they can and hold it till the price goes up then sell at a profit. There is no shortage of oil if there was then there would not be millions of barrels of oil sitting in oild producing countries the saudies have said it already they arent steping up producion because there is no shortage in the market if big oil would use some of those profits to biult more refineries then the price would go down but why should they. They knw that it would only mean that there would be more gas on the market then and they would have to lower prices to sell it why spend money when they dont need to they can charge 4 dollars a gollan people have to buy it and they make even more then if they spent there profits on refineries in the first place if you think for one second that lining there pockets is not the only thing on there billoin dollar a day minds you are the one thats naive

Posted by: getsmart | August 4, 2008, 1:21 pm 1:21 pm

jhw539, I don’t see the math in your point number 1. The International Energy Agency has that the average TAX on gasoline is (I emphasize this is JUST THE TAX):
$5.16 per gallon in Germany;
$5.02 per gallon in the UK;
$4.83 per gallon in France.
Yet they all still have an income tax.
If you want to do away with the income tax, fine! All Congress has to do is pass the Fair Tax bill.

Posted by: James Danley | August 4, 2008, 1:25 pm 1:25 pm

Good to see Obama punching back at McSlime. Hope it’s just the start. The next ad should be a series of McCain saying things and then denying that he ever said them, e.g., “16 months sounds like a pretty good time table,” “the economy is not my strong suit,” “I’m not running a negative campaign,” etc., etc.

Posted by: Brooklyn Democrat | August 4, 2008, 1:26 pm 1:26 pm

Obama calling McCain “McSlander”… is
the proverbial pot calling the kettle “black”.

Posted by: just thinking: | August 4, 2008, 1:27 pm 1:27 pm

Cryos: “One only has to look at his voting record which makes him the most liberal senator. The fact he is temporarily shifting positions to try to win the middle since democrats’ pushing left wing liberals the last 2 election cycles means nothing.”
Again:
“That is an absolutely meaningless statement unless you can define “liberal.”
You basically just admitted you are defining liberal to be “whatever Senator Obama’s record is.” Don’t you see how vacant such a talking point is? And he does have a record of laws passed in a congressional system modeled after the federal system – the Illinois Congress. In that recored, he is far from liberal unless you are calling the entire Illinois Republican party liberal now. Which I guess your convenient made-up definition of liberal would.

Posted by: jhw539 | August 4, 2008, 1:28 pm 1:28 pm

James Danley: The math to my point one is simple: Annual gas consumption in the US times $2 a gallon is greater than the personal income tax revenue generated.
Not sure why you’re pulling Europe in for comparison – they are and will remain to be far more socialist than the US ever will be. (Conservatives over there giggle at people trying to label Obama “socialist” – you don’t know how good we’ve got it.)

Posted by: jhw539 | August 4, 2008, 1:30 pm 1:30 pm

sorry spock but your wrong if we droped the 60 cent tax big oil would simply raise gas prices by 60 cents they know we are willing to pay it so they are going to charge us. Thats what would happen.

Posted by: getsmart | August 4, 2008, 1:32 pm 1:32 pm

Cryos: “Maybe Obama would appear more genuine if he actually worked to get this compromise done while it mattered now waiting until the day after they left for a 5 week break. ”
The Democrats offered an up/down vote on the energy bill if the Republicans limited admendments to two – they could have put up for a vote offshore drilling and ANWR. That was a compromise on the part of the Democrats. The Republicans refused to allow a vote (adding to their historic record of obstructionism as measured by failed cloture votes/filibusters). Why did the REPUBLICANS refuse to allow a vote on off shore oil drilling?
It takes two sides to compromise. The Democrats were at the table while the Republicans were playing politics.

Posted by: jhw539 | August 4, 2008, 1:34 pm 1:34 pm

devilkev:
“The Rio Tinto-Resolution Mining bill is not the first time McCain has benefited from land Exchanges. ”
_____________
I see McCain’s name mentioned waaaaaaaaaay down in this article…. but I don’t quite grasp how you can say he benefitted from this…or other land exchanges based on the information in your post.

Posted by: just thinking: | August 4, 2008, 1:36 pm 1:36 pm

I find it interesting that my post regarding S-1862, The Southeast Arizona Land Exchange Act of 2007, introduced by Senator Kyle and co-sponsored by John McCain and his support by the big mining lobbyists was immediately taken down. This is another bad for America land swap deal such as previous ones engineered by McCain. McCain’s support for land swaps, giving away American assets for the benefit of big developers in exchange for campaign support/donations, needs to be aired out as well as his support of big oil.

Posted by: devilkev | August 4, 2008, 1:38 pm 1:38 pm

“It takes two sides to compromise. The Democrats were at the table while the Republicans were playing politics.”
2 amendments is not a suitable compromise when there were a couple dozen proposed amendments. The democrats’ “compromise” would have forced voting on bundled up packages and amendments. With an issue as serious as energy you would think if the democrats wanted to genuinely fix it they would do what they could and seriously debate it right? Instead they’d rather that americans suffer so they can have their power trip and refuse to open up any useful discussions. I guess “saving the world” is more important than a bipartisan solution. By the way Pelosi won’t let any vote for drilling by her own words so Senate compromise is meaningless without the house.
“You basically just admitted you are defining liberal to be “whatever Senator Obama’s record is.”
“In that recored, he is far from liberal unless you are calling the entire Illinois Republican party liberal now. ”
I based it off of the only standard way of determining a senators record at a NATIONAL level. I could care less what the Illinois voting record is we’re talking national politics. Illinois is a very liberal state so your obvious bias is apparent as well as your flawed methodology for how you determine a senator’s voting record. You are burying your foot deeper and deeper into your mouth.
Now that we’ve been sufficiently distracted how about you get back on track and debate some of the points raised in this thread about energy instead of changing the subject?

Posted by: Cryos | August 4, 2008, 1:41 pm 1:41 pm

“It takes two sides to compromise. The Democrats were at the table while the Republicans were playing politics.”
Let me use this statement again. The republicans wanted to stay in session and debate energy but the democrats wanted to go on vacation. So I guess going on vacation is more important to democrats then trying to solve America’s energy plans.
I guess people like Kennedy have to spend time lobbying to put their lofty solutions like wind power in SOMEONE ELSE’s backyard since it ruins their own view. I mean how pretentious of people to think that liberals should have to live their own policies.

Posted by: Cryos | August 4, 2008, 1:44 pm 1:44 pm

Although last week Obama was against domestic drilling, just today he said: “You won’t hear me say this too often, but I couldn’t agree more with the explanation that Sen. McCain offered a few weeks ago. He said, ‘Our dangerous dependence on foreign oil has been 30 years in the making, and was caused by the failure of politicians in Washington to think long term about the future of the country.” He also said he supported tapping into strategic resources and drilling in the US and offshore if it is part of a strategic plan …. His position isn’t any different than MCCain’s – this ad simply makes Obama a pretty big hypocrite?

Posted by: MIssy M | August 4, 2008, 1:47 pm 1:47 pm

To say this is a wierd move by Obama is an understatement. He needed to go on the offensive, but this is a pretty perplexing move. I swear, these 2 are trying to out-do one another for “worst attack ad” of this cycle….

Posted by: Henderson | August 4, 2008, 1:56 pm 1:56 pm

John McCain, is this the best you can do??!! Your going to have to do more than your #### speeches as of late.

Posted by: JOE | August 4, 2008, 2:00 pm 2:00 pm

jhw539, you wrote: “There is NO factual basis to claim the media favors Obama over McCain.” What about the recent report that the media who contribute donate to Democrats by a 100-1 ratio. And have you even seen MSNBC’s political reporting?
Now as for your $2 tax on gasoline, we consume about 146 billion gallons of gasoline per year. So your $2 tax would generate $292 billion. According to the Internal Revenue Service’s 2008 report (updated in July 2008) the total income tax revenue for the year 2006 was $1.024 trillion. So your $2 tax would not even meet 1/3 of the total income tax revenue in 2006.

Posted by: James Danley | August 4, 2008, 2:10 pm 2:10 pm

jhw539, I brought up Europe to point out that in spite of Germany paying a $5.16 tax per gallon of gasoline they still have an income tax.
Now then should Sen. Obama become president; and should the Democrats, as expected, gain 30+ seats in the House and 5-8 seats in the Senate, the country will take a decided Left turn. You can forget about Sen. Obama’s current rhetoric, because the Democrats in Congress will then take us even further Left than what Sen. Obama is currently advocating. Sen. Clinton has already implied that she wants to do away with private health insurance and replace it with a Medicare like bureaucracy. All she has to do is introduce her own version of womb-to-tomb universal health care and the Democrats in both the Senate and House will pass it. A President Obama will NOT veto the bill.

Posted by: James Danley | August 4, 2008, 2:28 pm 2:28 pm

if i wanted to read a book, i wouldn’t be on the internet.

Posted by: Teo | August 4, 2008, 2:33 pm 2:33 pm

I’m not crazy about taxing the oil companies more than other companies because of some windfall profits. (Do you know the profits software companies make?) Oil is being driven by futures because someone keeps saying there is a limited supply. I don’t like the idea of taxing oil companies just because they make a profit nor do I like the idea of pitting one side against the other. We are all in this together. Obama is pretending to be Robin Hood, all the while he personally enjoys the fruits of capitalism. He speaks with a forked tongue.

Posted by: Susan | August 4, 2008, 2:40 pm 2:40 pm

Socialist Obama… Tax more, spend more and redistribute. Obama’s economic and energy policy stands for United Socialist of America.

Posted by: al4mcattack | August 4, 2008, 2:45 pm 2:45 pm

Where to you nay-sayers think Big Oil’s record PROFITS come from? They come from all of us have to decide every day whether we can afford to fill our cars to drive to work and eat too. Public transportation isn’t available everywhere in the U.S. and even where it is, it rarely goes where we need to go. McCain isn’t doing much about encouraging alternative energy. Drilling in our wilderness areas and more off-shore wells won’t help beat down $4.00+ gal. of gas any time in the foreseeable future. Big Oil is collecting billions in record profits quarterly. They don’t give any back to the driving public and McCain cheers. It’s the same as him telling the American voter to go hang.

Posted by: nanameow | August 4, 2008, 2:46 pm 2:46 pm

“Now then should Sen. Obama become president; and should the Democrats, as expected, gain 30+ seats in the House and 5-8 seats in the Senate, the country will take a decided Left turn.”
Too bad there isnt any evidence for that. Vast majorities of the people are in favor of socialized medicine, yet the Democratic Party still isnt.

Posted by: Mike | August 4, 2008, 2:51 pm 2:51 pm

Obama latest proposal of a windfall profits tax on oil companies is only more evidence of longstanding Democratic disdain for US energy production by American owned oil companies. How many bloggers remember Arco Oil Company and Amoco Oil Company. Arco was considered a jewell that explored, developed, and owned 80 percent of our Alaska oil reserves. Arco was bought and taken over by British owned British Petroleum Company during Bill Clinton’s second term during the late 1990’s. Nearly all of our Alaskan oil reserves are now owned by a foreign oil company, British Petroleum. Britsh Petroleum also bought Amoco Oil Company which was the successor of American owned Standard Oil Company the former monopoly that once controlled the world’s oil supply. Citco Oil Company is owned by the Venezuelan government which has not been friendly to the United States.
Compare on the other hand, how the British government has supported offshore development in the British channel. If leading Democrats had supported a more pro-US energy based policy, Arco might have been able to buy out British Petroleum instead of the other way around. Shell Oil Company is foreign owned and Citco Oil Company is owned by the Venezuelan government which has not been friendly to the United States.
Look at how Democratic policies have also killed the US nuclear industry over the last thirty-five years. While 80 percent of France’s electricity is generated by nuclear power, only twenty percent in the US is generated due to the successful efforts of Democratic party to kill the US nuclear power industry. The two largest builders of nuclear power plants in the US are General Electric and Westinghouse. Westinghouse sold it nuclear power construction division to Japan’s Toshiba corporation. Now there is only one US ownerd major nuclear power plant builder in the US. Significantly nuclear power is not considered a mainstay of Democratic plans to address our current energy crisis.
Obama’s windfall profits tax will have the effect of undermining US owned energy companies and discouraging future investment in those companies.

Posted by: politicsandtraditions | August 4, 2008, 2:54 pm 2:54 pm

Nanameow, Sen. McCain has called for having 45 new nuclear plants on line by 2030. That’s…let’s see…forty-five more than Sen. Obama.
Since when are private corporations obligated to share their profits with NON-shareholders?

Posted by: James Danley | August 4, 2008, 2:59 pm 2:59 pm

Teo: Obviously you were referring to my post. I don’t like posting books either, but it may be the only way to get information to consumers who are being hoodwinked. The average Joe certainly doesn’t take the time to read Business Week, but relies on the rhetoric and half truth spun by Limbaugh, Hannity and others, and never get’s the real truth. Example, Senator Obama stating the fact about tire inflation, the right wing now ridicules, when Rex Tillerson CEO of Exxon virtually stated the same thing in a recent board meeting. By the way, I’m a former Goldwater Republican, and believe me mainstream Republicans are being sold out by the polices of the past 7 1/2 years and the policies McCain wants to continue, just the same as anyone else. It’s time the RNC fesses up and starts to right the wrongs. McCain’s not the one to do it.

Posted by: devilkev | August 4, 2008, 3:03 pm 3:03 pm

politicsandtraditions and James Danley::: Are you volunteering to put all the nuclear waste created by 45 new nuclear plants in your backyard? Hope you don’t live near me.

Posted by: devilkev | August 4, 2008, 3:08 pm 3:08 pm

McCain has not revealed the “source’ of his false claim he made on Letterman in 2001, that the Iraqi’s mailed the anthrax to NBC and two liberal members of Congress, because McCain is the one who made the whole thing up. McCain is the one who committed treason and led the public to think they had been attacked by a foreign power with a weapon of mass destruction. There was no “source” or surely: such a patriot as John McCain would have reported that miscreant to the FBI the minute he learned that the Anthrax was really sent thru the US postal system by insiders from a Maryland bio-terrorism fort. Is he hiding his “source” (wink!) who committed treason, or did he commit treason himself? He gets to say the truth if there was a source. This can be easy or he should be held in contempt by the Senate Foreign relations Committee and purged from the Senate, NOW.

Posted by: Bruce Becker | August 4, 2008, 3:09 pm 3:09 pm

Just to clarify if you dont know. Leading the Congress into war with false propaganda is a crime.
McCain went on Letterman and hemmed and haw’d and got around to saying HE HAD A SOURCE WHO TOLD HIM that it was the Iraqi’s who sent the Anthrax, a weapon of mass destruction which can kill thousands with just a small amount of powder.
Now we know that the anthrax was made in Maryland and sent out by US citizens, not Iraqi’s.
Since McCain is a true patriot, he either tells us who the SOURCE of the false propaganda was that scared Congress into attacking Iraq on the basis of WMDs or we have to presume that John was guilty of treason himself. At the very least, he is complicit.
Why have we not heard this very day, who the SOURCE and treasonous one was? WHO IS HE HIDING? WHO IS HE PROTECTING? To continue hide this should earn him official censure by the Senate Foreign Relations committee and EXPULSION FROM THE SENATE.

Posted by: Bruce Becker | August 4, 2008, 3:15 pm 3:15 pm

RIght on politicsandtraditions. Democrats are busy putting American companies under so we can transfer more and more of our wealth oversees.
Unfortunately they know that a large percentage of americans don’t have the intelligence to understand a global economy and will believe their rhetoric. It’s amazing they get away with a naive “corporations versus the people” while foreign competition eats us alive. It is only a matter of time before all american wealth leaves the country and democrats will blame the wealth that is left until it leaves.

Posted by: Cryos | August 4, 2008, 3:17 pm 3:17 pm

overseas*. Argh I’m full of typos today need to proofread before I post.

Posted by: Cryos | August 4, 2008, 3:19 pm 3:19 pm

As long as we’re talking about windfall profits, how about a windfall profit on Hollywood star salaries. If that ain’t a windfall, I don’t know what is. People with nothing higher than a high school diploma reading some lines in front of a camera and getting $15-20 million. We need to pass a law that takes 75% of Hollywood stars’ incomes over $1 million in a year. The beauty is, most of the Hollywood stars are socialists so they won’t even care (or will they).

Posted by: Sean | August 4, 2008, 3:31 pm 3:31 pm

McCain and the RNC received $285,000 from ten donors from Hess Oil who each gave $28,500 the day after he came out for off shore drilling. This was truly a revolutionary switch as it now appears that he’s continuing to fight for King George (Bush) as a Hessian.

Posted by: bhciapol | August 4, 2008, 3:34 pm 3:34 pm

Bruce Becker, what was false about Saddam Hussein failing to comply with any of the conditions of the 1991 cease fire for 12 years? That was a material breach in the cease fire…and as such we resumed the war.

Posted by: James Danley | August 4, 2008, 3:54 pm 3:54 pm

Devikev:::: John McCain proposals for 45 new nuclear power plants are in the United States’ best interest and help fulfill our goal of energy independence. Obama has often been quoted as stating that we should not let the perfect solution stand in the way of the better or good solution explaining his approach to compromise.
Yes, there are problems with nuclear waste disposal and to date there is no perfect solution. However, nuclear waste has been stored on site at each nuclear power plant without incident for forty years. Continued onsite storage is “a good solution” and continues to be workable. Even if onsite storage were the only option which it isn’t, that is more than enough reason for increasing US nuclear power generation by fourfold to the level of eighty percent of our needs like France instead of the current twenty percent of our electric production. This is common sense.
In the Northeast and other parts of the county, some electric power plants today are burning fuel oil that could be used for heating oil this winter.

Posted by: politicsandtraditions | August 4, 2008, 4:05 pm 4:05 pm

devilkev, the French seem to be doing just fine by recycling their nuclear waste. By the way, France generates nearly 80% of their electricity through nuclear power.
In an article by Jon Palfreman (the producer of FRONTLine) he writes:
“French technocrats had never thought that the waste issue would be much of a problem. From the beginning the French had been recycling their nuclear waste, reclaiming the plutonium and unused uranium and fabricating new fuel elements. This not only gave energy, it reduced the volume and longevity of French radioactive waste. The volume of the ultimate high-level waste was indeed very small: the contribution of a family of four using electricity for 20 years is a glass cylinder the size of a cigarette lighter. “

Posted by: James Danley | August 4, 2008, 4:30 pm 4:30 pm

The irony of this ad is unescasping after looking at this shocking Obama McCain cartoon that Saudi newspaper had published few days earlier:

Posted by: John Snyder | August 4, 2008, 4:31 pm 4:31 pm

Oil companies want to keep production low and prices high. That’s why they aren’t drilling on the 70 million acres they already have leased. No one else will be able to drill either as long as they hold those leases. That’s why there needs to be a use it or lose it clause if anymore drilling rights are released. The quarterly reports of exxon showed a 11 billion dollar net profit. What does that tell you. The oil companies sure don’t need a tax break.

Posted by: wlw100 | August 4, 2008, 5:01 pm 5:01 pm

So who is Obama in the back pocket of? George Soros? Anyone?

Posted by: RealDemocrat | August 4, 2008, 5:05 pm 5:05 pm

If you vote for McCain you’re essentially co-signing for a loser and you and your great great grandhildren will end up paying back what he’ll waste on War and more tax breaks for the rich.

Posted by: allen_osuno3 | August 4, 2008, 5:18 pm 5:18 pm

‘Oh, he’s not in the pocket of Big Oil’ … so says the insurance lobbyist Tucker Bounds.
Heh.

Posted by: Mike | August 4, 2008, 5:21 pm 5:21 pm

Obama’s biggest adviser is Tom Dashle who now lobbies for three giant agribusiness. Guess where Obama’s bread is buttered.
Then, there’s the fact that Obama voted for oil company tax exemptions in 2005. The same ones he now blathers about!
What does this jerk take us for?

Posted by: Aston | August 4, 2008, 5:57 pm 5:57 pm

What Senator McCain neglected to mention was that during those thirty years, he was in Washington for twenty-six of them,” said the Senator. “And in all that time, he did little to reduce our dependence on foreign oil. He voted against increased fuel efficiency standards and opposed legislation that included tax credits for more efficient cars. He voted against renewable sources of energy. Against clean biofuels. Against solar power. Against wind power. Against an energy bill that — while far from perfect — represented the largest investment in renewable sources of energy in the history of this country. So when Senator McCain talks about the failure of politicians in Washington to do anything about our energy crisis, it’s important to remember that he’s been a part of that failure.”

Posted by: BlueJersey | August 4, 2008, 5:57 pm 5:57 pm

McLame is bought and paid for by Big Oil, just like Cheney who was the CEO of Halliburton Oil just before he became Bush’s VP.

Posted by: hailmary | August 4, 2008, 6:41 pm 6:41 pm

- In March 08 he said, “I will not play election year politics with the housing crisis,” adding, “I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.” – Guess it’s not his problem if thousands of Americans become homeless thanks to deregulations in the mortgage industry (which were supported by McCain).

Posted by: 8yearsoffear | August 4, 2008, 6:57 pm 6:57 pm

Hey 08 after,
Those thousands of homeless now, were homeless 6 years ago. They were given a chance to own for the first times in their lives. They lived an up scale life for over 5 years. The smart ones did not re finance every years and have a five year party. So not all of the bush years were a disaster, only the ones you choose to look at.

Posted by: JJ | August 4, 2008, 7:20 pm 7:20 pm

Does anyone have any idea how much money we can save if every car owner inflated their tires and gave their car a tune-up??? Obama thinks it is a great idea…..and he graduated from where???

Posted by: mfmros | August 4, 2008, 7:31 pm 7:31 pm

“McLame is bought and paid for by Big Oil, just like Cheney who was the CEO of Halliburton Oil just before he became Bush’s VP.”
Posted by: hailmary | Aug 4, 2008 6:41:33 PM
________
I don’t know about McClain…. but I DO
know that list isn’t complete without including OBAMA!

Posted by: canarsie sue | August 4, 2008, 7:37 pm 7:37 pm

McCain/Bush and Cheney are all in bed big oil. McSame is not changing one policy to hurt the oil companies-He may need another pair of $500 shoes-and big oil will get him a pair for everyday of the year. McSame will continue to do the same things as Bush and he will continue to buy expensive shoes. The rich truly get richer.

Posted by: lowes4321 | August 4, 2008, 7:51 pm 7:51 pm

What a hypocrite! Speaking out of both sides of his mouth again – voted for the Bush-Cheney energy bill, now he is criticizing them and Big Oil. Took Big Oil money himself, now he is deriding McCain for doing the same. Cried Boohoo when he was the butt of negative ads, now he is making negative ads. A real Washington Politician! Spare us, pulllease!

Posted by: Beckie | August 4, 2008, 8:04 pm 8:04 pm

chatty-
Do you have ANY idea how much that 8% amounts to? It’s more than both of us would make in 10 lifetimes. 8% is a small number, but it represents BILLIONS of dollars.

Posted by: Henderson | August 4, 2008, 8:39 pm 8:39 pm

YEP!!! BOTH SIDES OBAMA!!! In Chicago he supposedly hit the wrong button 4 times to vote!!! He not only doesn’t know right from wrong but he doesn’t know yes from no!!! YEP, this is just the man we need to have his finger on the nucleaar trigger!

Posted by: politicgirl | August 4, 2008, 9:07 pm 9:07 pm

The oil companies don’t want you to keep your tires inflated. More money for them!

Posted by: hailmary | August 4, 2008, 9:41 pm 9:41 pm

Over 20 oil industry lobbyists are on the McCain campaign payroll:
1 Rebecca Anderson / Women for McCain Steering Committee / Williams & Jensen / Sunoco
2 Wayne Berman / National Finance Co-Chairman / Ogilvy Government Relations / Amerada Hess
Chevron Texaco American Petroleum Institute
3 Charlie Black / Senior Political Adviser / BKSH Occidental Petroleum Corp. / Yukos Oil Chinese
National Off-Shore Oil Corp.
4 Carlos Bonilla / Economic Adviser / Washington Group / Chesapeake Energy
5 Eric Burgeson / Fundraiser / Barbour Griffith & Rogers / BP
6 Kerry Cammack / Fundraiser C/ ammack and Strong / Exxon Mobil
7 Frank Donatelli / McCain Pick as Deputy RNC Chair / McGuire Woods / Exxon Mobil Dominion
Resources
8 Melissa Edwards / Fundraiser / Washington Group / Chesapeake Energy
9 John Green / Congressional Liaison / Ogilvy Government Relations / Amerada-Hess Chevon
Texaco El Paso Energy American Petroleum Institute
10 Robert Harding / Fundraiser / Greenberg Traurig / Chevron Murphy Oil Phillips Petroleum
Company
11 Richard Hohlt / Fundraiser / Hohlt and Associates / Chevron
12 James “Jim” Hyland / Fundraiser / Pennsylvania Avenue Group / BP America Independent Fuel
Terminal Operators Assoc. Occidental Petroleum Corp. Independent Fuel Terminal Operators
Assoc.
13 Peter Madigan / Fundraiser / Johnson, Madigan, Peck, Boland & Stewart / Shell Oil
14 Susan Molinari / Women for McCain Steering Committee / Washington Group / Chesapeake
Energy
15 Jack Oliver / Fundraiser / Bryan Cave Strategies / Shell Oil
16 Nancy Pfotenhauer / Adviser / Koch Industries / Koch Industries
17 Steve Phillips / Fundraiser / DLA Piper / BP America Occidental Petroleum
18 Elise Pickering / Women for McCain Steering Committee / Mehlman Vogel Castagnetti / Koch
Industries
19 Sloan Rappoport / Fundraiser / Downey McGrath Group / Koch Industries
20 Matt Salmon / Fundraiser / Greenberg Traurig / El Paso Energy
21 Randy Scheunemann / Defense and Foreign Policy Coordinator / Scheunemann and Associates /
BP Amoco
22 Jeffrey Weiss / Fundraiser / BKSH / Yukos Oil Company

Posted by: hailmary | August 4, 2008, 9:47 pm 9:47 pm

NEW REPORT RELEASED
On July 31, 2008, Campaign Money Watch released “It’s A Gusher: As John McCain Fights For Big Oil, They Open Their Wallets,” a new report that features an in-depth analysis of how John McCain’s campaign received an influx of Big Oil dollars after his June 16 reversal on offshore oil drilling.

Posted by: hailmary | August 4, 2008, 9:53 pm 9:53 pm

Politics is about control. One example is the drilling question. We dont have to lease the land to WTO companies. As some posters mention, 75 million acres are leased already and the accountants run those companies, not Mother Teresa. The accountants are SUPPOSED to make the price be high and the cash flow constant. If we stop leasing our US land, and start creating a sovereign corporation or two, to research, drill and deliver OUR oil to OUR refineries, which do not yet exist, we dont have to wonder how high the Chinese or American speculators are willing to bid up the price. We can own the entire process and the products. Yes, socialism comes to America.
Its Ok. You’ll like paying $1 for gas instead of $4.
Or you can keep on letting WTO run the USA.
As things are, there is now a legal fiction in the USA that corporations have “the rights of persons”. Amazing?! Anyway, oil will be higher and higher if we keep doing the same things. Change can be good. Also, we can go to steam powered cars, tomorrow. Stanley Steamer cars could go 150 MPH.
However they required tinkering. Electronic engineering eliminates all that old-fashioned tinkering, just like it did the hand crank to start gas powered cars eventually. The only technology we need to make the Stanley Steamer completely acceptable is to consider forms of fuel that are not high in emissions. Coal is available, but needs to bve submitted to technology. Anything, even weeds, will make water boil.
Nothing to it but to do it. This drilling stuff is all lies. We have to make real changes in process and techniques. Steam and public ownership are the easy ones. Most of our oil should be reserved for the military now, since it is finite and we can change to steam if we just act like it mattered.
air planes are not going to be steam powered.

Posted by: Bruce Becker | August 4, 2008, 9:53 pm 9:53 pm

Political campaign cannot expect money from oil companies. The Obama campaign ad is deceptive and misleading. It’s against the law for corporations to contribute directly to political campaigns. During the primary battle with Clinton, Obama also did this, and the independent FactCheck.org criticized Obama for at the time for implying that his rivals took money from oil companies.

Posted by: Patrick | August 4, 2008, 10:46 pm 10:46 pm

I disagree in Obama’s energy policy except for when he said, strategic oil reserve are for emergency only because I believe high cost of fuel is not considered an emergency but Obama has flipped and flopped on his view on the use of strategic oil reserves. I am also surprised in the number of his flip-flops within the span of one week. Is this how Obama going to lead this country? I also disagree in his latest ad “in the pocket of big oil” because both him and McCain are on the receiving end of big oil contributions. In addition, Obama, not McCain, was the one who voted for the Bush-Cheney energy bill. Furthermore, it seems Obama and the Democrats are not consistent with each other. I think the ad will eventually backfire on Obama.——————————————————————-***Obama is becoming more confusing, the more he changes his energy policy.
Posted by:
Al4McAttack 12:07 AM

Posted by: al4mcattack | August 5, 2008, 12:35 am 12:35 am

Obama’s tax, spend and redistribute economic policy is a socialist idea. Big Oil is basically a scapegoat for Obama and the Do Nothing Democrats. Their idea of windfall profit tax certainly makes them look liked a champ to the voters but we are not the United Socialist of America.
Furthermore, why tax more when tax dollars are wasted on congressional earmarks.
In reality, windfall profit tax stands for more tax dollars, more earmarks.
A windfall profits tax on oil was an American disaster in 1980s. It has been criticized by many economists as being counterproductive.

Posted by: al4mcattack | August 5, 2008, 12:40 am 12:40 am

Obama’s economic policy is a recipe for disaster and more jobs to drift away overseas.
1. Windfall profit tax
2. Tax the rich
3. More government regulations
4. Tax more, Spend more and redistribute

Posted by: al4mcattack | August 5, 2008, 12:57 am 12:57 am

The Republicans were mocking the following statement from Obama: “We could save all the oil that they’re talking about off(shore) drilling if everybody was just inflating their tires and getting regular tune-ups. You could actually save just as much”. The Republicans never said that inflating tires and regular tune-ups were bad practices, they were just mocking Obama’s statement that the savings from those measures would equal production from off-shore drilling. Got it? I am lousy at posting links, but if you want to hear Obama’s actual words I saw a link at NoQuarter at 21:46 under the post called “Campaign Disclosures”.

Posted by: Grammy Barb | August 5, 2008, 1:13 am 1:13 am

It’s negative, it’s negative!! As the Barack Hussein Obama camp cries!
Go for it Barack, because there is nothing to positive to say about you. It’s just a matter of time before he throws all his supporters under a bus, as he has already changed his position on practically everything since the primares. Drill, drill drill!

Posted by: rob | August 5, 2008, 5:06 am 5:06 am

Since we really went to Iraq for the oil we should let Iraq oil pay down the war debt, and since our soldiers are really dying for big oil, the oil companies should be responsible for the rest of the war debt thus lowereing the National debt greatly. Then we should use Brazil as a model, and quit buying foreign oil and mandate every car in America to flex fuel. Any car can be converted cheaply to flex fuel, and all the farm land that is now being subsidised should be planted. We should not let one drop of our own oil or ethanol go overseas until our needs are met. Actually considering that Venenzuela pays about 12 cents a gallon for gas, America really should consider centralizing American oil and retire all the oil CEO’s. They should just about have enough of a nest egg to be able to. We really have become a joke to the rest of the world, and the real joke is that we pump billions of our dollars to all of them, and we can’t even figure out what the problem is. The whole system seems to be broken, and it starts at the top.

Posted by: msdttony | August 5, 2008, 7:04 am 7:04 am

many guyz here are incredible
Your country’s facing a debt of nearly
500 000 000 000 dollars…Unless you ask China to help you wipe that ,you will have to pay MORE TAXES!!!!!!it’s almost the ONLY way you can manage that by yourself..
RAISE YOUR TAXES and this time , for once CALL YOUR CONGRESS AND GOVERNMENT FOR ACCOUNT…DEMAND!!!!!
Did you know that you need the government to spend around 200 000 000 000 to have any chance to start recovering?
But you don’t wanna hear that don’t you?
…Whoever you decide to put in the White House, good luck to you all because we know that the economy is gonna be …tough on you!!!!

Posted by: Avembe | August 5, 2008, 8:07 am 8:07 am

Obama opposes drilling in the Gulf. He opposes atomic energy. His only solutions are tire pressure and taxation which will be passed on to the consumer. Mentor Ted Kennedy opposes wind generation.
We need to do a little checking. Sounds like Obama and Kennedy might own oil company stock.

Posted by: Oonogil | August 5, 2008, 8:29 am 8:29 am

Think about what has happened under 8 years of GOP energy policy. Certainly, it’s easy to see that anything would be an improvement over those policies. Sen. Barack Obama has proposed a comprehensive compromise to get stalled energy legislation through Congress. Now, McCain has decided that he too will support this compromise. This shows who is the leader, and who is the follower. Obama 08!!!

Posted by: caliguy55 | August 5, 2008, 8:52 am 8:52 am

chattyway you forgot to mention McSame’s tendency to take money from Big Oil, a lot more money. Just a couple days after McBush changed his position on off-shore drilling 8 members of the Tess family(Oil) donated 28k each to his campaign. That is a whopping $225k. Do you want a senator running the country who is in the middle(Obama) or the most neocon(McBush)? There are 38 more liberal senators than Obama. McSame voted 95% of the time with Bush in ’07 and 100% in ’08(when he does show up to his job).

Posted by: jstilabo | August 5, 2008, 9:27 am 9:27 am

msdttony, a government takeover of the oil industry is NOT the answer. These are private companies. They have the right to make as much profit as they want. What we need to do is rescind the limitations that the government and environmentalists have placed on energy production for thirty years. They have hindered both increasing supply of oil (blocking offshore drilling and blocking the building of new refineries) AND decreasing demand for oil (blocking the building of new nuclear plants) for thirty years. The answer is begin developing renewable fuels NOW…begin building new nuclear plants NOW…rescind the ban on offshore drilling and begin the process NOW.

Posted by: James Danley | August 5, 2008, 9:45 am 9:45 am

McCain has wined and dined with an oil company “big-wheel” I see. Didn’t he also plan on being with one here a month or two back at the oil exec’s ranch, but it had to be cancelled for some reason?
So is this the SECOND oil company big shot that McCain has been (or attempted to be) with?
Not sure, but I think I see a trend here.

Posted by: LOfromMO | August 5, 2008, 10:29 am 10:29 am

Obama should know — he was in Big Oil’s pocket first.
By the way, notice how Obama is having his hair highlighted with gray? Trying to look like he older and experienced –LOL!!!

Posted by: DreadNovember | August 5, 2008, 11:29 am 11:29 am

Here is the list of the 20 largest oil companies in the world; Obama’s tax increase would only apply to the 17th and 20th on this list and the others would benefit as a result of only these ttwo being taxed:
1 National Iranian Oil Company (Iran)
2 Saudi Arabian Oil Company (Saudi Arabia)
3 Iraq National Oil Company (Iraq)
4 Qatar General Petroleum Corporation (Qatar)
5 Abu Dhabi National Oil Company (UAE)
6 Kuwait Petroleum Corporation (Kuwait)
7 Petroleos de Venezuela.S.A. (Venezuela)
8 Nigerian National Petroleum Corporation (Nigeria)
9 National Oil Company (Libya)
10 Sonatrach (Algeria)
11 Gazprom (Russia)
12 PetroChina Co. Ltd. (China)
13 OAO Rosneft (Russia)
14 Petronas (Malaysia)
15 OAO Lukoil (Russia)
16 Petroleos Mexicanos (Mexico)
17 ExxonMobil Corporation (United States)
18 BP Corporation (United Kingdom)
19 Egyptian General Petroleum Corp. (Egypt)
20 Chevron Corporation (United States).
So why was it again that Obama wants to punish businesses headquartered in the United States?
I think his idea about inflating tires and tune-ups was a better idea.

Posted by: ragnar30066 | August 5, 2008, 11:42 am 11:42 am

ABC should point out that this ad is a flat out lie. McCain took in $1.3 million from oil companies – not $2 million. Obama himself took at least $400,000.

Posted by: MIssy M | August 5, 2008, 12:25 pm 12:25 pm

peoples_prez – There will always be people who vote based on their own personal bias rather than the issues. Just as many people are opposed to McCain simply because of his age (in the workplace, we call that age discrimination). Of course it’s not right to place a vote based on age, race, religion, etc. – but I think that most people who are opposed to Obama are opposed to his ideas, his voting record and his socialized agenda for this country, along with his dubious associations like Rev. Wright, William Ayers, and others – those things make many Americans uneasy. Race has nothing to do with it.

Posted by: MIssy M | August 5, 2008, 12:58 pm 12:58 pm

Right on Ragnar thank you! I hadn’t found the oil company list but that is exactly my viewpoint. Democrats seem concerned with demonizing and punishing only AMERICAN companies which benefits all their foreign competition.
A perfect example is american auto companies used to be the big evil republican supported “big auto” until they fell threw the floor then I guess democrats were satisfied we had another failing industry and moved onto the next. I would guess that if you look at donations closely democrats have huge sums rolling in from China, India, the EU and the middle east since their punish american companies stances directly benefit the foreign competitors at american consumers’ expense.

Posted by: Cryos | August 5, 2008, 1:19 pm 1:19 pm

Hopefully a lot of democrats can look at the real numbers behind american versus foreign industries and see you are being completely scammed by liberal politicians and the MSM to run american companies out of business and transfer wealth around the world. Unfortunately I think the simple minded “big bad american corporations” will continue to dominate and the liberal followers will legislate themselves out of jobs unknowningly. Please think globally when you spout off about evil corporations and remember that american companies have to compete with foreign companies using no environmental standards and child/slave labor.

Posted by: Cryos | August 5, 2008, 1:29 pm 1:29 pm

MIssy M, Republican’s have blocked more energy legislation, and more legislation period than any congress in history. It’s not the Dems do nothing, it’s the Republican’s do nothing congress, they block votes then whine that nothing is getting done rather than attempt to govern as adults.

Posted by: tom | August 5, 2008, 1:59 pm 1:59 pm

“MIssy M, Republican’s have blocked more energy legislation, and more legislation period than any congress in history. It’s not the Dems do nothing, it’s the Republican’s do nothing congress, they block votes then whine that nothing is getting done rather than attempt to govern as adults.”
Nice smokescreen. So attempting to govern as adults is being like Pelosi and refusing to allow votes on drilling because she wants to “save the world”?
Democrats since taking over congress have been playing power trips like Pelosi causing the obstructionism. They hold meetings behind closed doors with only other democrats and do not allow republicans to debate on the bills, add amendments, etc. They make up their own radical bill without any bipartisan input then submit it to a vote. What do you think will happen? This sounds like the behavior of bratty kids or bullies more than adults so you really should look into congressional activities since the democrats have been in power before making false statements like the above.

Posted by: Cryos | August 5, 2008, 2:31 pm 2:31 pm

Not sure about you but my wallet can’t afford another 4 years of GOP leadership. You had your chance…you totally destroyed our country. Now it is time to move aside!

Posted by: I Can't Afford McSame | August 5, 2008, 2:37 pm 2:37 pm

“Not sure about you but my wallet can’t afford another 4 years of GOP leadership. You had your chance…you totally destroyed our country. Now it is time to move aside!”
Wow what insight and deep thinking. I would counter that with the country was fine until after democrats got in charge of congress and since then we’ve had mortgage fallout, skyrocketing gas prices, and other problems with the economy. This also would be simple minded since both parties’ contribute to problems.

Posted by: Cryos | August 5, 2008, 3:07 pm 3:07 pm

The actual amount received by McCain from Big Oil so far is $1.3 million, it will likely exceed $2 million when the July numbers are released, true Obama didn’t mention the $300 thousand he received from Big Oil, but look what he’s offering them, possibly some new Offshore drilling areas and a proposal to rescind the $17 billion in incentives Big Oil receives from the U.S. Taxpayer and to replace it with a Windfall Profits Tax…..it’s kind of hard to say that Obama is being bought by Big Oil, on the other hand McCain wants to give Big Oil everything it wants including Offshore Drilling leases and bigger Tax Cuts……which candidate do you think is being influenced by Big Oil’s donations?

Posted by: Lew, Idaho | August 5, 2008, 4:53 pm 4:53 pm

The fact that oil prices have dropped slightly in the last 2 weeks indicates that the oil companies are attempting to take away Obamas’ leverage. Before that, Bush talked of negotiating with Iran for the same reason. I am not fooled. Go Obama!

Posted by: EdwinLJones | August 5, 2008, 6:26 pm 6:26 pm

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