Summary We are issuing a split decision in the Obama vs. McCain dispute over whether proper tire inflation could save as much oil as expanded offshore drilling is likely [...]
Q: Is there 60 years worth of oil for 60 million cars in the U.S.?
A: The oil industry claim is mathematically correct, but it accounts for about a quarter of the vehicles on the road in the U.S.
Q: Are the Democrats correct in stating that oil companies are leasing 68 million acres in the U.S. that are not being used?
A: Not exactly. More than 4,700 new holes are being drilled on current onshore leases.
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.