http://news.yahoo.com/s/ap/gas_price_promises
Obama promises you cash back from the windfall-profits tax he plans to slap on Big Oil. Check the tires? How about promises to go after oil-market speculators who help drive up prices as well as big subsidies for solar, wind, ethanol and other alternative-energy projects? The Illinois senator likens his energy package to the Kennedy-era space program.
Obama, coming from the country's second largest corn-producing state, has supported such subsidies...
McCain is offering a summer break from the 18.4-cent federal gasoline tax, and holding out the promise of more offshore drilling to help you drive more cheaply to the beach. He wants to build 45 new nuclear reactors to generate electricity. On Monday, he proposed a $300 million government prize to anyone who can develop a superior battery to power cars of the future.
Both want to boost alternative energy technology, press for more fuel efficiency and promote more conservation. Both McCain and Obama favor expanding the electricity grid, implementing caps on carbon emissions to curb global warming, spend billions on clean-coal research and give nuclear energy a larger role. They differ on offshore drilling, but agree on keeping the ban on oil exploration in the Arctic National Wildlife Refuge.
And while Obama is calling for reducing the influence of special interests, some of his top supporters and advisers are tied to the ethanol industry. Former Senate Majority Leader Tom Daschle of South Dakota is on the board of several ethanol companies and works at a Washington law firm where he lists advice to clients in renewable energy among his specialties. Obama energy adviser Jason Grumet previously worked at the National Commission on Energy Policy, a bipartisan initiative associated with both Daschle and former Kansas Republican Sen. Bob Dole, a big ethanol backer, according to a story in Monday's editions of The New York Times.
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