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.
Issues: oil
Straining a Point
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 research. Ten years doesn't sound all that "fast" to us, and there's no guarantee that the research will result in less oil being imported.
Analysis
Sen. Barack Obama's campaign released the ad and said it would run on national cable TV networks starting July 17.
Drilling Off the Coast of Cuba
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.
U.S. Oil Refining Capability
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.
Oily Words
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, that the opposing candidate is reluctant to offend oil companies due to campaign donations. The truth is they both propose energy plans that are similar, and which the oil giants won’t like.
Obama’s ad claims, "Clinton’s taken more from big oil and other PACs and lobbyists than any other candidate,
Obama’s Oil Spill
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.