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McCain’s New Energy Moves: Straight from Fresno?

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Added 23 Jun 08 from medializzy.wordpress.com
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Straight from Fresno… Senator John McCain addressed supporters, here are his Remarks as Prepared for Delivery: Thank you all very much. I appreciate the kind introduction from Jim Woolsey, and the warm welcome to Fresno State. I’m here to listen about energy issues as well as to talk. So let me just offer a few ideas before we begin our discussion. All across this state and nation, people are hurting because the price of gasoline is higher than it should be, and more than many folks can afford. Because of far-off events in the world oil market, a barrel of oil has more than doubled in a year. And the bad effects of that are spreading across our economy. The cost of business is rising, the cost of food and other essentials is rising, the whole cost of living is rising. What isn’t rising is the value of your paychecks and the rate of America’s economic growth. Back in the 1970’s, they used to call this “stagflation.” And it feels the same today, because the unwise policies of our government have left America’s energy future in the control of others. America imports about one third of its oil from Canada and Mexico and no one need worry about a reliance on friendly, stable neighbors, and partners in NAFTA. The Middle East and Venezuela are a different story. We import roughly a quarter of our oil from them, and they have a disproportionate impact on world prices. When we buy foreign oil from these and other sources, there are many consequences — all of them far-reaching and none of them good. Worst of all, by relying on foreign oil, we enrich bad actors in the world, some of whom finance terrorists. Some in Washington seem to think that we can still persuade OPEC to lower prices — as if reason or cajolery had never been tried before. Others have even suggested suing OPEC — as if we can litigate our way to energy security. But America is not going to meet this great challenge as a supplicant or a plaintif