July 30, 2008
Posted: July 30th, 2008 12:30 PM ET
From CNN Election Center's Joe Von Kanel
Obama opposes offshore drilling.
(CNN) - Sen. Barack Obama stood his ground Wednesday in opposing what he calls the "scheme" of offshore drilling, during a campaign event in Springfield, Missouri. "The oil companies are shoving this thing down the throats of Congress, because they know everybody wants to try to pretend they're doing something about the energy crisis,” Obama said. “This is not real. I know it's tempting. The polls say its one of the ways that a majority of Americans think we're going to solve this problem, but it's not real." "I understand how desperate folks are. If I thought that I could provide you some immediate relief on gas by drilling off the shores of California and New Jersey... I'd do it.” But the Democratic presidential candidate added, "The soonest you would see any drop of oil from drilling off our shores would be 10 years from now....The most you would end up saving 10 years or 20 years from now would be a few cents on the gallon, although at that point, I figure oil might be $12 a gallon." Citing the oil companies' record profits, Obama charged that they are, "making money hand-over fist, they're making out like bandits." For more on the the latest political news, tune into Campbell Brown: Election Center tonight at 8 pm ET.
Obama then proposed his own answers: "First of all, let's make the oil companies drill where they're already got leases, let's increase supply by making them do what they're supposed to do." Obama also said he wants to make sure speculators aren't manipulating the oil markets. To a standing ovation, he said, "And let's get serious about alternative energy sources like solar and wind and bio-diesel. Let's raise fuel efficiency standards on cars. Let's get plug-in hybrids all across America. Let's finally free ourselves from dependence on foreign oil. That's the direction we need to go." Filed under: Barack Obama Campbell Brown: Election Center
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