Summary Obama released a national ad saying he would "fast-track alternatives" to imported oil. On closer examination, his proposal is to spend $150 billion over the coming decade on energy […]
Q: Are the Chinese drilling off the coast of Cuba?
A: No. George Will and Vice President Cheney got that wrong. But Cuba has allowed for exploration by at least six other non-Chinese firms in the region and onshore testing and exploration by China’s Sinopec.
Q: Does the U.S. lack sufficient oil refining capabilities?
A: We have half as many refineries as we did in 1982, and they're not meeting demands. Regulations, practical challenges and economic factors all play a role.
Summary Clinton and Obama are slamming each other and the oil companies in dueling radio ads in Pennsylvania. Both ads exaggerate and twist the facts. Both ads say, in effect, […]
In a new ad, Obama says, “I don’t take money from oil companies.” Technically, that’s true, since a law that has been on the books for more than a century prohibits corporations from giving money directly to any federal candidate. But that doesn’t distinguish Obama from his rivals in the race.