Stories tagged with "domestic supply"
Presidential Energy Debate Fact Check #1: Is Offshore Drilling the Answer?
Posted by Nate Hagens on October 9, 2008 - 9:45am
Topic: Supply/Production
Tags: cutler cleveland, domestic supply, energy independence, offshore drilling, presidential debate [list all tags]
Senators Obama and McCain are both aware that energy is central to Americas future. However, they differ on the details, and since confidence and authority can sway peoples beliefs, it is important, as always, to 'check the facts'. In last nights debate, Obama, while pointing out the US holds 3% of world oil reserves but uses 25% of world oil production said that we need to 'change the way we view energy in our lives' (to me implying that becoming energy independent is unlikely). In contrast, while McCain agreed on 'ridding ourselves of dependence on foreign oil', his discussion of the "Drill Here Drill Now" strategy implied that such a plan would achieve both lower prices and more energy independence. How much of the energy debate issues are 'politics' vs. facts?
Below the fold is a guest commentary by Professor Cutler Cleveland, providing a needed 'fact-check' on recent political claims being made on offshore drilling.


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