(CNN) - Sen. John McCain is expected Monday to call for a $300 million prize for innovation that would help the U.S. decrease its reliance on oil, a day after his rival for the presidency called for greater oversight for energy traders.
Oil and energy are expected to be on the agenda as McCain campaigns in California and Sen. Barack Obama speaks in New Mexico on Monday.
WATCH John McCain's $300 million incentive
McCain, during a town hall-style meeting at Fresno State University, is expected to propose a $300 million prize for whoever can develop an automobile battery that "has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars."
Hey Mr. Out-of-touch,
It's already invented. It is called the mechanical battery!
I am so tired of all the tickers being about the Democratic party. They are trying to divide our party. The only comment I will leave is NO COMMENT until they give the republican party the same attention. Please join me…
Are you kidding me? Look up EEStor. This is a company with a battery (capacitor) already in testing and developement that meets McCain's very definition. Does he know someone inside this company or does he want to be able to take some of the credit for their car battery. Zenn motors already has tested it in their electric car and Lockheed Martin has already signed a contract with them to distribute this battery to the military once it comes to the market. Who is John McCain trying to fool? EEStor is a company in Texas, maybe some of McCain's Texas oil buddies have connections and this is a ploy to get them an extra $300 million dollars. What a joke!!!
Giving out prizes? Are you kidding? What about the free market? If there was a demand for such a thing, it would be produced. How'd McCain come up with $300 million? $10 or $100 or $200 million isn't enough? While opening up off-shore drilling is controversial, it's an idea at least worth debating (I won't point out the flip-flop). This is just plain dumb.
Hurry someone and deliver! This is McCain's only chance at winning the election! And we though the gas tax was a joke. Is this the best
candidate the republicans could find?
Hmmm, a $300 million battery? Don't we already have stuff like this, but usually it's useless weapons systems the Pentagon buys from it's military-industrial suppliers, like $500 bolts and $800 toilet seats...Nobody but NOBODY wastes money like the government...
"has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars."
Best idea yet! But it would have to be defined very carefully indeed to work.
What the heck does a car battery have to do with gas prices? Is McCane trying to change the subject?
panderer.get out of iraq!no money?no problems solved.
And unless you get rid of special interests, the oil industry will not let such an invention happen. They can afford to spend a lot more than $300 million to make sure a battery is never invented.
Which candidate is trying to do away with special interest by not taking their money? Ohhhh right! Not McCain!
I’m puzzled ….
If this is a “town hall” meeting, shouldn’t the town be driving the discussion rather than it be a forum for McCain to give his pre-defined position papers?
A $300M prize paid for HOW? … and by WHOM?
I’ve tired of politicians throwing out hyperbole like this as though it has substance behind it. By what authority are you able to ensure that this will occur John ? Details please.
Now there's a leader we can believe in!
Americans for McCain '08
A $300 million prize for "innovation" that would "help" the US decrease its reliance on oil. For $300 million they better come up with more than just innovation. And just whom is supposed to pay this prize money ?. No, there's got to be something better than this idea.
yeah i your battery right.
this guy maccain is a JOKE
John McCain economic advisor pushed legislation in 2000 that is the major cause for our high energy prices today. It was also that legislation that allowed Enron to manipulate energy prices which took executives to jail and should have taken more, like McCain's now economic advisor and his wife who was on the board of Enron. Now he comes up with this ploy but unfortunately their is also a "better car battery" developed by EEStor in Texas. Zenn motors has already tested it in their electric car and it works great. Lockheed Martin has signed distribution contract to the military for it. A full charge will get 250 miles on a small car and it can be charged in as little as 5 minutes. John McCain, who are you trying to fool? Anyone who google EEStor will know you are a con.
What a great idea.That would be less than $1.00 for every man, woman and child in America. I heard many times that people came up with inventions to help with our energy dependence and was paid off by the the oil and car companies. Tires that would never wear out, not an energy example but an example. Now I wish I had the money to pay someone for a October surprise in August for you know who.
Google EEStor. Does John McCain have some buddies who work there?
Cash option or annuity?
Might be better John to offer a $50 M prize for the best liquid synthetic fuel.
This solves the power / density problem ... Kilowatts per pound ... or Kilowatts per gallon.
Also leverages our existing infrastructure for liquid fuels.
Synthetic liquids ... a man-main compound of Carbon, Hydrogen, Nitrogen & Oxygen which stores energy from the Sun, collected by plants and other photo-voltaic phenomena.
Check votesmart.org to read about the real John McCain. You can browse his voting history on environmental issues. This is nonsense campaigning. John McCain is no friend to the environment, as his voting record CLEARLY shows. An informed voter is an empowered voter. Find out who the guy is before you vote for him. If you want real change for our environment, I believe the choice is crystal clear.
I would think that the person who IS able to perform this task would eventually be rewarded with more than $300 million anyway.
You must be jokig.
I made a solar car, an actual car that had max seed of 50 mph, with a key lock, a two seater and a door in HIGH SCHOOL
HIGH SCHOOL , john mccain.
A car that could run on the Golden Gate Bridge... oops i forgot. The GGB wasn't there when you were born.
Wah waah waah, Hillary Clinton wah waah. Waaaah, wah sexism wah waah. Whine moan sigh, John McCain waah wah experience waah wah.
Ok, so I think I covered all the bases for you. Now can you repug trolls stop posting your whining crying BS on every article?