Phoenix Business Journal – June 25, 2008
John McCain, the presumptive Republican nominee for US President, is deriding the Executive branch for their suggestions to curb energy prices as well as the Democratic leadership for its plans. (Follow the feed link to read the rest of the story).
Mr. McCain is proposing more aggressive investment in “clean” coal plants and nuclear energy. Personally, I am not sure there is such a thing as a clean coal plant but I am all for it if we can make one! I also think that we need to step up our reliance on nuclear energy and deal with the disposal issue which haunts that technology.
The Arizona senator said … that asking the Saudi to boost production shows weakness and questioned the validity of Democratic proposals to sue the OPEC oil cartel for antitrust violations.
… he would dedicate $30 billion over the next 15 years to develop cleaner energy use of coal and wants the U.S. to build 45 nuclear reactors by 2030.
McCain favors more domestic oil and gas exploration and is offering a $300 million prize to develop hybrid, flex-fuel and electric car batteries. Obama wants to tax oil company profits and parlay that money into middle-class tax relief.
You can read the entire article here.
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