"In recent days I have set before the American people an energy plan, the Lexington Project -- named for the town where Americans asserted their independence once before. And let it begin today with this commitment: In a world of hostile and unstable suppliers of oil, this nation will achieve strategic independence by 2025." John McCain, June 25, 2008. The plan includes: Expanding domestic oil And natural gas exploration and production. Taking action now to break our dependency On foreign oil By reforming our transportation sector. Investing in clean, alternative sources of energy. Protecting our environment and addressing climate change. Promoting energy efficiency. Addressing speculative pricing of oil. The plan includes a $5,000 tax credit for each and every customer who buys a zero carbon emission car. $2 Billion Annually To advancing clean coal technologies. http://www.johnmccain.com/Informing/Issues/17671aa4-2fe8-4008-859f-0ef1468e96f4.htm
Obama-Biden Energy plan is as follow: Provide short-term relief to American families facing pain at the pump. Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future. Within 10 years save more oil than we currently import from the Middle East and Venezuela combined. Put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015, cars that we will work to make sure are built here in America. Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025. Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.http://my.barackobama.com/page/content/newenergy
The one difference between the plans is that Obama wants to set a Windfall Profits Tax on oil companies, a measure that McCain is against. It is also one of the major differences between the GOP and the DEMs since Carter set a similar measure into place during his presidency.
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Which of the plans makes the most sense to you? Remember that Obama has also called for a ten-year plan to make us energy independent. Do you think this is realistic.
Have you had a chance to look at the party latforms yet? The short summaries on the campaign websites are not always exactly the same as the plans set forth in the platform documents.
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