It's ALWAYS about the oil with this bunch . . . McCain plays the oil fear card

[bigtree]

McCain: Georgia conflict threatens energy supplies


Sat Aug 16, 7:18 AM ET

COSTA MESA, California (Reuters) - In his weekly radio address, McCain said a disruption of energy supplies abroad could raise prices, "inflicting great harm on our economy and on America workers."

"Russia has become more aggressive toward the now democratic nations that broke free of the old Soviet empire," McCain said in his address. "Russia also holds vast petroleum wealth. And this heavy influence in the oil and gas market has become a strategic weapon that Russia is clearly prepared to use."

European energy supplies could be disrupted if a key pipeline through Georgia were destroyed or controlled by Russia, he said.

The conflict underscores America's need to become more energy independent and to accelerate domestic energy production, McCain said.

"All of this only adds to the urgency of producing more of our own energy, including America's enormous oil reserves that lie offshore," he said.


http://news.yahoo.com/s/nm/20080816/pl_nm/usa_politics_mccain_address_dc


http://journals.democraticunderground.com/bigtree

[tiptoe]

1. TX-oil/energy owns "maverick" McCain (AZ). He's an untrustworthy 72-yr-old Tool of Texas energy.

Video: KO: John McCain's Connection to Big Oil & The Enron Loophole

TEXT: http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=385&topic_id=149255#159677

4:17
Mark Cooper (Consumer Federation of America):
"The speculative bubble in petroleum markets has cost the average American household about $1500 in increased gasoline, natural gas and electricity expenditures in the two years SINCE the Senate Permanent Committee on Investigations first called attention to the problem. The Senate knew about this problem two years ago."

4:37
John McCain seemed to understand this problem even earlier. In 2002 and 2003 he voted with the minority to close the Enron loophole.
...
5:00
But for most of THIS (2008) campaign McCain has offered explanations OTHER than the influence of speculators and remedies OTHER than regulation:

5:09
"We can develop alternative energy sources." (McCain, June 9, 2008)
...
5:30
What about McCain's idea to stop filling America's strategic reserve?

5:34
George Soros (Chrmn, Soros Fund Management):
"These institutions, acting as a herd, are accumulating much larger...setting aside much larger reserves than the strategic reserve is. It's a multiple."

5:50
John McCain doesn't talk about the Enron Loophole any more. One McCain advisor reportedly said he no longer even has a position on it. And when the bipartisan farm bill SHUT the Enron Loophole last month (2008), John McCain OPPOSED the farm bill, citing its spending levels.

6:06
What changed?
...