To Drill or Not to Drill

Summary


Oil was $12 per barrel when Federico Pena was the nation's energy secretary in the Clinton administration. Mr. Pena is now a co- chairman of the Obama campaign and an adviser to the candidate on energy and transportation issues. And while he doesn't believe his advice will bring back cheap oil, he believes Sen. Obama's energy plan will move the U.S. toward energy independence faster than Sen. John McCain's plan.

Mr. Pena is contacting newspapers this week on behalf of the Obama campaign to counter TV advertisements the McCain campaign is airing which blame Obama for high prices at the pump. Specifically, Sen. McCain is criticizing his opponent for not wanting to lift the congressional ban on offshore oil drilling.

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To Drill or Not to Drill

Lifting the congressional ban - President Bush has already lifted the executive order ban signed by his father...

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