August 4th, 2008
12:00 PM ET
12 years ago

Obama calls for tapping nation's strategic oil reserves

Obama officially unveiled his energy plan Monday.

Obama officially unveiled his energy plan Monday.

(CNN) - Barack Obama on Monday called for tapping into strategic oil reserves as part of his plan to provide relief from high gas prices.

Watch: Obama hits McCain on energy

Speaking before a crowd in Lansing, Michigan, the senator from Illinois called the country's addiction to oil "one of the most dangerous and urgent threats this nation has ever faced."

Obama unveiled his energy plan, which includes a windfall profits tax on big oil corporations that would be used to provide a $1,000 rebate to people struggling with high energy costs.

The Democratic presidential candidate also wants to create 5 million "green" jobs and eliminate the need for oil from the Middle East within 10 years.

"You won't hear me say this too often, but I couldn't agree more with the explanation that Sen. McCain offered a few weeks ago. He said, 'Our dangerous dependence on foreign oil has been 30 years in the making, and was caused by the failure of politicians in Washington to think long-term about the future of the country,' " Obama said.

"What Sen. McCain neglected to mention was that during those 30 years, he was in Washington for 26 of them. And in all that time, he did little to reduce our dependence on foreign oil," Obama said.

Listen: Virginia Rep. Eric Cantor - reportedly a possible Republican VP pick - discusses Obama's energy policy on a McCain campaign conference call.

Obama's call for tapping into strategic oil reserves is an apparent policy shift.

Full story


Filed under: Candidate Barack Obama
soundoff (246 Responses)
  1. richard, Coweta Ok

    This is just plain stupid. Anyone who agrees with tapping into our oil reserves deserves just what we get. How stupid.

    August 4, 2008 12:25 pm at 12:25 pm |
  2. therealist

    Obama is now following Nancy Pelosi lead!? The worse 8% ranked congression leader in history!!??

    CHANGE WE CAN BELIEVE IN??????

    August 4, 2008 12:25 pm at 12:25 pm |
  3. Terry, Lakeland Florida

    Sure tax big oil so we pay more at the pump...that's a good plan. Also does Obama even know how much oil america uses every day? There isn't enough oil in the reserve to do put a dint into the cost...the man is a fake.

    August 4, 2008 12:26 pm at 12:26 pm |
  4. wycliffe, NJ

    MCCAIN SPENT 26 YEARS IN WASHINGTON AND DID NOTHING IN REDUCTION TO OUR OIL DEPEDENCY

    August 4, 2008 12:27 pm at 12:27 pm |
  5. Matt, Minneapolis, MN

    Nice of Obama to omit the fact that as of the 7th of July he was against tapping the reserve and said :
    ""I have said and, in fact, supported a congressional resolution that said we should suspend putting more oil into the strategic oil reserve, but the strategic oil reserve I think has to be reserved for a genuine emergency," he said on July 7."

    So what Obama meant by a genuine emergency was that McCain was starting to get too close in the polls, and he has no real plan that doesn't mirror McCain. So he has to fix this genuine emergency in his campaign by trying for a PR stunt.

    August 4, 2008 12:28 pm at 12:28 pm |
  6. carolflowery

    why in the hell, would you jeopardize our emergency supply, what if we had natural castrophies happen, the way things have been going, that is not far of out touch, or we were attacked again God forbid!
    You have to be out of your mind

    August 4, 2008 12:31 pm at 12:31 pm |
  7. Angelo

    Great ideas Obama. I like the fact that we will be getting a rebate, 5 million jobs and no independence to the Middle East in the future!

    It was reported that the oil executives have been pouring money into McCain’s camp. I DO NOT WANT ANOTHER PRO OIL GUY IN THE WHITE HOUSE!!! Let’s get RID of the them!!! No to Bush, Cheney & McCain!!!

    August 4, 2008 12:31 pm at 12:31 pm |
  8. Non-believer

    What have YOU done to stop our dependence, Mr. Obama? You are playing the same finger-pointing game you used on Bill Clinton who was a much better president than you could ever be.

    Oh and nice of you to want all delegates seated now that the contest is over. You disgust me.

    PUMA.

    August 4, 2008 12:32 pm at 12:32 pm |
  9. A house divided

    Apologize for trashing Hillary.

    Apologize for labeling both Bill and Hill as racists.

    Apologize for all the race-card playing and race-baiting.

    Apologize for the hatred you encouraged and inspired in your Cult following -.

    YOUR ACTIONS AND DIRTY POLITICS AND HYPOCRISY DIVIDED AND DESTROYED THE DEMOCRATIC PARTY.

    THAT will be your legacy. You will enter the history books for having stolen the democratic nomination by cheating and race-baiting. You will be remembered for losing the election and destroying your own party.

    August 4, 2008 12:32 pm at 12:32 pm |
  10. CB FOR OB

    A man with a plan! I love it.

    August 4, 2008 12:33 pm at 12:33 pm |
  11. Tom

    He just flip again. That makes 4 in as many days. Lets see Nasa, MI and FL delegates, off shore drilling and tapping into strategic oil reserves. He changes directions just like the wind. I have a bet going he will flip on some aspects of his speech today in the next 24 hours.

    August 4, 2008 12:33 pm at 12:33 pm |
  12. Steve R

    a windfall profits tax on big oil corporations that would be used to provide a $1,000 rebate to people struggling with high energy costs.

    garbage policy,

    Obama is a Chavez wanna be

    he should take off that blue tie and put on a red shirt

    Would I get some of that $1000?

    better idea is windfall tax on everyone not just oil companies that way we would all get more

    Windfall tax on all athletes and EVERYONE in Hollywood

    Vote Obama 08 -– he gives you FREE STUFF

    August 4, 2008 12:33 pm at 12:33 pm |
  13. Selected NOT elected

    I will wait for tomorrow's refinement of your position.

    August 4, 2008 12:33 pm at 12:33 pm |
  14. Rosemary Storaska

    flip..flop...flip...flop That how change works?

    August 4, 2008 12:35 pm at 12:35 pm |
  15. Jeff

    Awesome!

    August 4, 2008 12:35 pm at 12:35 pm |
  16. New Yorker

    Policy shift after policy shift for Obama. He's shifty.

    MCcain 08

    August 4, 2008 12:35 pm at 12:35 pm |
  17. Nanette, OH

    Barack Obama will win. The GOP is desperate because they are now calling him Moses. Whenever they have nothing to say, they attack the person's character. Can anybody bring up anything, anything that Barack has said about John McCain's character? No, because he is a decent man.

    If John McCain wants to let the devil run his campaign then he should burn in hell with his managers.

    Barack Obama will win because he is with the people, not multi-millionaires who couldn't care less about people.

    We are paying over $4. a gallon for gas because of who? To put this on Barack is beyond silly, it's ridiculous.

    August 4, 2008 12:35 pm at 12:35 pm |
  18. Veterans for Obama

    Happy Birthday Barack! The next POTUS! We are doing a money bomb on your website in honor of your birthday, all day today. Come on everyone join in and make history!

    August 4, 2008 12:36 pm at 12:36 pm |
  19. By your hatred are we divided

    You chose to be reckless and advance yourself by calling Bill Clinton a racist.

    Now all your followers say, of course Bill and Hill are NOT racists.

    But they sure were spitting out the opposite venom after SC to inflame the fires of racial tensions.

    It worked- you got selected and installed.

    Hope you lose in NOV.
    I am a life long democrat no longer- after 35 years of party loyalty

    August 4, 2008 12:36 pm at 12:36 pm |
  20. William Spivey

    Go and getem Mr. President.

    August 4, 2008 12:36 pm at 12:36 pm |
  21. Hank

    HAPPY BIRTHDAY MR. POTUS.

    We are with you and we can see through the dirty politics of the McInsane campaign.

    O/08

    August 4, 2008 12:37 pm at 12:37 pm |
  22. Rocky

    BO should tell us what his plan is if we draw down this reserve and then the Gulf of Mexico is hit by another Katrina or the Iranians manage to shut down the oil coming from the Middle East. This is the guy who has insisted for years that more oil on the market will not lower the price. All I know for sure is that if the ban on drilling would have been lifted five years ago when the prices of energy started to go up we would be in a better position today. I am sure that if more oil supply is not brought online in another five years we will be paying $10.00 a gallon for gas.

    August 4, 2008 12:37 pm at 12:37 pm |
  23. Chanda in Cincinnati Ohio

    "What Sen. McCain neglected to mention was that during those 30 years, he was in Washington for 26 of them. And in all that time, he did little to reduce our dependence on foreign oil," Obama said.

    So again I ask the question...Does more expereience really make you the better choice?!

    August 4, 2008 12:37 pm at 12:37 pm |
  24. Joe Kiloz

    B.O: hemorrhaging !

    August 4, 2008 12:37 pm at 12:37 pm |
  25. Anonymous

    So which single line of this comprehensive energy policy will McCain's people pull out of context and make another "hilarious" joke about?

    August 4, 2008 12:38 pm at 12:38 pm |
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