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8/5/08

US News and Worlld report - US Elections - The Obama/McCain Energy Charade - by Rick Newman

For the complete report from usnews.com click on this link

That smell on the nation's highways isn't just car exhaust. It's also the rank odor of political populism, as John McCain and Barack Obama both try to score points with dubious energy ideas. Obama has now reversed an earlier stance and declared that the U.S. government should sell 70 million barrels of oil from the Strategic Petroleum Reserve to help ease the sting of $4 gas. That comes less than a week after Obama changed his mind about offshore drilling, deciding that some drilling in sensitive waters would be OK with him after all, given good environmental safeguards.

McCain has had his own inspired moments, including his call to suspend the 18.4-cent-per-gallon federal tax on gasoline, and a $300 million prize for anybody who develops a miracle battery able to cheaply power a car. Hey, how about a prize for building a seven-passenger bicycle? Or a highway with no traffic?

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