What are 2008 Presidential Candidate John McCain’s Solutions for High Gas Prices?
Today, we are one step closer to the November 4, 2008, Presidential Election. Gas prices are inching their way down and hopefully we’ll see the $2+ mark one day…we shouldn’t hold our breath in anticipation of what would be a dream come true, but there is certainly nothing wrong with wishful thinking, right? In the meantime, continue to eschew the $3.50 per gallon of gasoline and plump up your pocketbook with savings as a positive side-effect of using a gas rebate credit card.
You’ll notice that we only presented an overview of how Barack Obama hopes to solve our high gas prices in our yesterday’s blog, not an opinion (although believe me, we do have them)…we’ll treat John McCain in the same fashion. That said, we’ll now present a brief overview of John McCain’s solutions for high gas prices:
In recent days I have set before the American people an energy plan, the Lexington Project — named for the town where Americans asserted their independence once before. And let it begin today with this commitment: In a world of hostile and unstable suppliers of oil, this nation will achieve strategic independence by 2025. – John McCain, June 25, 2008
The Lexington Project contains McCain’s gas saving solutions :
- Expanding Domestic Oil And Natural Gas Exploration And Production – To lessen US dependency on foreign oil by lifting government restrictions on US oil reserves and reduce trade deficits due to importing oil. – Lexington Project overview, paragraph 3
- Propose A $300 Million Prize To Improve Battery Technology For Full Commercial Development Of Plug-In Hybrid And Fully Electric Automobiles – Should this proposal be accepted, a battery must be able to deliver a power source at 30% of current costs. Lexington Project overview, paragraph 6
- Enforce existing CAFE (Corporate Average Fuel Economy) standards – Enforce the mileage requirements that auto manufactures must adhere to by imposing penalties on them if they are not compliant. – Lexington Project overview, paragraph 10
- Addressing Speculative Pricing Of Oil – Reform the laws and regulations concerning the oil futures market so they are clear and concise and will not allow for skyrocketing gas prices. – Lexington Project overview, paragraph 23
We hope to have least peaked your curiosity as to how our 2008 Presidential Candidates plan on helping Americans save on gas and make our country less dependent on foreign oil….whether any would work or not isn’t known…but it is best to try and understand both sides when forming an opinion on this, or any, issue.