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McCain Unveils Energy Plan 'The Lexington Project'

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June 25, 2008 5:27 PM

ABC News' Bret Hovell Reports: Sen. John McCain put a name on the strategic energy plan he has been piecing together for the last several days, likening it to President Kennedy calling for a mission to the moon in the 1960s and declaring that the United States “will break the power of OPEC over the United States.”

“In recent days I have set before the American people an energy plan, the Lexington, the Lexington Project. The Lexington project, remember that name,” McCain said during a speech Wednesday in Las Vegas, “Named for the town where Americans asserted their independence once before.”

McCain’s plan, which he has laid out over the past two weeks, is designed to get America off foreign sources of oil. It includes investing in new technologies, such as wind, solar, as well as more controversial measures such as off-shore drilling along the continental shelf, investing in nuclear technology, and utilization of so-called “clean coal” technology.

“In a world of hostile and unstable suppliers of oil, this nation will achieve strategic independence by 2025,” McCain declared.

His campaign clarified “strategic independence” of oil means that the U.S. would no longer require oil as a primary fuel.

McCain alluded to the 1960s space race when talking about the timing of his goal for independence.

“Some will say this goal is unattainable within that relatively short span of years, it's too hard and we need more time,” McCain said. “Let me remind them that in the space of half that time, about eight years, this nation conceived and carried out a plan to take Americans to the Moon and bring them safely home.”

McCain directly addressed the oil cartel OPEC – which controls much of the world’s oil supply.

“Never again will we leave our vital interests at the mercy of any foreign power,” he said.

June 25, 2008 in Hunter, Duncan, Thompson, Fred | Permalink | User Comments (63)

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McCain did say at one point that the reason why we went to war in Iraq was for oil.

Posted by: Janey | Jun 25, 2008 5:40:06 PM

I wonder the cost of such things. I wonder if anyone else have invested Mr. McCain's Enron loophole and his top advisors who have special interest in such matters. You think gas is unaffordable now, the solution to our independence is going to rob us blind... mark my words!

Posted by: Teresa | Jun 25, 2008 5:50:06 PM

There is no such thing a s "clean coal", just ask Virginia and Kentucky. And as for nuclear energy: I just don't see how creating tons upon tons of nuclear waste in combination with our lack of border security can be a pretense for anything other than utter disaster. Why engage in a technology that will allow for such a huge opportunity for potiential terrorists to acquire (or more accurately steal) perhaps the most difficult and yet most vital ingredient that could weaponize common objects against us? This assertion PROVES that McCain both knows and cares NOTHING for our national security!

Posted by: pity | Jun 25, 2008 5:50:59 PM

So, did he have any other plan to end foreign dependance on oil other than adding another 500k barrells/year in 10 years and offering a paltry sum compared to what the free market creation of such a product would bring isn't exactly going to get us there in 17 years.

His plan is basically 2 steps behind, and 6 months later than Obamas.

Posted by: chargeorge | Jun 25, 2008 5:58:21 PM

His campaign clarified “strategic independence” of oil means that the U.S. would no longer require oil as a primary fuel.

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Hmmm....... what does he think he will find in those off shore riggs?

Posted by: Thinking | Jun 25, 2008 6:11:10 PM

he should have started with his 300 million dollar battery---charged with fairy dust------by the way where were you mccain the last 30 years--pushing for nafta-----you are a dollar short and 30 years late--trying to mimic someone else just dont do it.

Posted by: rodney | Jun 25, 2008 6:28:01 PM

as someone whose ancestors (5 of them total) fought at Lexington (and Concord and at Bunker Hill)

McCain's energy plan is like them saying...

"listen, listen I know we reeeally need to get independent from these guys...but they say they just need to get a circle around us and then they will go back to England"

"I say lets let them get a circle around us and then... we tell them to surrender because we are going to build 55 nuclear energy plants in 25 years event hoguhwe don't know where to put the waste for that many...and we have just gotten bad security issue ratings on the ones we already have... I think it'll work...and then we'll let them just have a couple of states

Lexington Project... he might as well call it the Savannah Project...

Posted by: dl | Jun 25, 2008 6:29:52 PM

the Hiroshima Project might be better...

Posted by: dl | Jun 25, 2008 6:31:37 PM

Obama's plan: No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No No

Posted by: joey | Jun 25, 2008 6:33:29 PM

drill drill drill and what will we gain--oil sold on world market --billions more for big oil--our gain o-o-o----1970s oil embargo nothing done----do not settle for anything but alternate fuels --nuclear power---and super efficient vehicles---the arabs will try to stop our progress as it will cost them plenty..we must take controll of our future

Posted by: rodney | Jun 25, 2008 6:33:59 PM

or Toxic Avenger...

or the OIL Project...

or the "I need to figure out a way to keep getting money from the oil companies for my campaign that Charlie black brought in and still look like I care about the earth for independents project..."

Posted by: dl | Jun 25, 2008 6:34:47 PM

Obama loves the Saudis, Iran and the big oil companies more than the American people. Obama says no to drilling for oil in the US and the Saudis couldn’t be more pleased. They don’t want more oil on the market driving the price of oil down. Obama says NO to any new oil and gas refineries and the big oil companies are thrilled. They don’t want more refining capacity that will help keep price of gas down. Obama says no to domestic nuclear power that other countries get up to 80% of their clean energy from and the Saudis and big oil are both ecstatic. Neither of them want an alternative to oil and gas that is cleaner and cheaper and domestically produced. Obama is comfortably in their back pocket already, just look at the donations he’s already received from them. That’s why he opted out of public campaign financing, so he could receive more and bigger bribes from everybody who wants to buy his influence. He isn’t new or different, he’s worse than any politician we’ve ever seen. He is a corporate sell out.

Posted by: joey | Jun 25, 2008 6:35:16 PM

chargeorge...

Could you explain to me exactly what is Obama's plan...?

Posted by: logical1 | Jun 25, 2008 6:35:56 PM

George W McCain calling his collection of gimmicks, smoke and mirrors, and desperate poll-driven flip-flops the "Lexington Project" is a direct insult to our TRULY visionary founding fathers.

A better name would be "Project Goldfinger"...becuase it makes the oil companies even richer...and by doing nothing to actually fix the problem...gives working Americans the finger.

Posted by: wilder5121 | Jun 25, 2008 6:37:21 PM

Now you're talking. Did we go to sleep for the past 25 years!

Posted by: Mike Morris | Jun 25, 2008 6:39:03 PM

joey
no matter how much we drill oil is a limited commodity-----arabs would simply produce less and keep the price up---90 % OF WHAT WE USE IS IMPORTED

Posted by: rodney | Jun 25, 2008 6:39:49 PM

WILDER
THEY DID A GOOD JOB OF THAT IN THE70S

Posted by: rodney | Jun 25, 2008 6:41:24 PM

Cap and Trade: Obama supports implementation of a market-based cap-and-trade system to reduce carbon emissions by the amount scientists say is necessary: 80 percent below 1990 levels by 2050. Obama's cap-and-trade system will require all pollution credits to be auctioned. A 100 percent auction ensures that all polluters pay for every ton of emissions they release, rather than giving these emission rights away to coal and oil companies. Some of the revenue generated by auctioning allowances will be used to support the development of clean energy, to invest in energy efficiency improvements, and to address transition costs, including helping American workers affected by this economic transition.
Confront Deforestation and Promote Carbon Sequestration: Obama will develop domestic incentives that reward forest owners, farmers, and ranchers when they plant trees, restore grasslands, or undertake farming practices that capture carbon dioxide from the atmosphere.
Invest in a Clean Energy Future
Invest $150 Billion over 10 Years in Clean Energy: Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid. A principal focus of this fund will be devoted to ensuring that technologies that are developed in the U.S. are rapidly commercialized in the U.S. and deployed around the globe.
Double Energy Research and Development Funding: Obama will double science and research funding for clean energy projects including those that make use of our biomass, solar and wind resources.
Invest in a Skilled Clean Technologies Workforce: Obama will use proceeds from the cap-and-trade auction program to invest in job training and transition programs to help workers and industries adapt to clean technology development and production. Obama will also create an energy-focused Green Jobs Corps to connect disconnected and disadvantaged youth with job skills for a high-growth industry.
Convert our Manufacturing Centers into Clean Technology Leaders: Obama will establish a federal investment program to help manufacturing centers modernize and Americans learn the new skills they need to produce green products.
Clean Technologies Deployment Venture Capital Fund: Obama will create a Clean Technologies Venture Capital Fund to fill a critical gap in U.S. technology development. Obama will invest $10 billion per year into this fund for five years. The fund will partner with existing investment funds and our National Laboratories to ensure that promising technologies move beyond the lab and are commercialized in the U.S
Require 25 Percent of Renewable Electricity by 2025: Obama will establish a 25 percent federal Renewable Portfolio Standard (RPS) to require that 25 percent of electricity consumed in the U.S. is derived from clean, sustainable energy sources, like solar, wind and geothermal by 2025.
Develop and Deploy Clean Coal Technology: Obama will significantly increase the resources devoted to the commercialization and deployment of low-carbon coal technologies. Obama will consider whatever policy tools are necessary, including standards that ban new traditional coal facilities, to ensure that we move quickly to commercialize and deploy low carbon coal technology.
Support Next Generation Biofuels
Deploy Cellulosic Ethanol: Obama will invest federal resources, including tax incentives, cash prizes and government contracts into developing the most promising technologies with the goal of getting the first two billion gallons of cellulosic ethanol into the system by 2013.
Expand Locally-Owned Biofuel Refineries: Less than 10 percent of new ethanol production today is from farmer-owned refineries. New ethanol refineries help jumpstart rural economies. Obama will create a number of incentives for local communities to invest in their biofuels refineries.
Establish a National Low Carbon Fuel Standard: Barack Obama will establish a National Low Carbon Fuel Standard to speed the introduction of low-carbon non-petroleum fuels. The standard requires fuels suppliers to reduce the carbon their fuel emits by ten percent by 2020.
Increase Renewable Fuel Standard: Obama will require 36 billion gallons of renewable fuels to be included in the fuel supply by 2022 and will increase that to at least 60 billion gallons of advanced biofuels like cellulosic ethanol by 2030.
Set America on Path to Oil Independence
Obama's plan will reduce oil consumption by at least 35 percent, or 10 million barrels per day, by 2030. This will more than offset the equivalent of the oil we would import from OPEC nations in 2030.

Increase Fuel Economy Standards: Obama will double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that they can build new fuel-efficient cars rather than overseas companies. Obama will also invest in advanced vehicle technology such as advanced lightweight materials and new engines.
Improve Energy Efficiency 50 Percent by 2030
Set National Building Efficiency Goals: Barack Obama will establish a goal of making all new buildings carbon neutral, or produce zero emissions, by 2030. He'll also establish a national goal of improving new building efficiency by 50 percent and existing building efficiency by 25 percent over the next decade to help us meet the 2030 goal.
Establish a Grant Program for Early Adopters: Obama will create a competitive grant program to award those states and localities that take the first steps to implement new building codes that prioritize energy efficiency.
Invest in a Digital Smart Grid: Obama will pursue a major investment in our utility grid to enable a tremendous increase in renewable generation and accommodate modern energy requirements, such as reliability, smart metering, and distributed storage
Restore U.S. Leadership on Climate Change
Create New Forum of Largest Greenhouse Gas Emitters: Obama will create a Global Energy Forum — that includes all G-8 members plus Brazil, China, India, Mexico and South Africa –the largest energy consuming nations from both the developed and developing world. The forum would focus exclusively on global energy and environmental issues.
Re-Engage with the U.N. Framework Convention on Climate Change: The UNFCCC process is the main international forum dedicated to addressing the climate problem and an Obama administration will work constructively within it.

Posted by: Thinking | Jun 25, 2008 6:41:45 PM

Joey

You really need to read Obama's proposals...the good pointas from McCain's plans...came from a much more detailed plan that Obama wrote months ago.

lol

You saying nononono...it someone who doesn't know anything they are talking about.

He is saying no you can't have land to drill when you have land that has oil that you haven't even started drilling in... and there is A olot of oil there...

don't buy the spin... go look at the real numbers...

what mcCain is doing for offshore drilling using the $4 gallon deal...

is what Bush and Cheney did with Iraq using the 9/11 deal...

Oil companies want the coastlines and as much of a selection as they can when they already have a selection that has OIL.

This is political pandering and bullying using one issue to get the oil companies something else they want.

Iraq had nothing to do with September 11 and WMD

and this "need" to drill in other places off the coast...has nothing to do with the prices of oil... if they get to drill in other places... people have known and know right now that that oil exists...why would that suddenly drop the rates of oil that have been based on the idea of it's finite resources?

this is a scam. we should not be looking at drilling until we have drilled where has already been approved...and in the meantime get on the new alternatives...which Obama outlines much better than Mccain.

Posted by: dl | Jun 25, 2008 6:42:59 PM

joey: Obama beat McCain to comparing it to the Apollo project. In fact that idea was pretty much invented on DailyKos, though its more like DailyKos solidified what many progressive bloggers had already suggested.

McCain seems to be offering a poor imitation of Obama's plan. The funny thing is, he totally never mentions the U.S. jobs that would result from a massive effort to push homes and car infrastructure to renewables. On the subject of Jobs WRT energy all McCain seems to be able to do is complain that we are giving money to our own farmers instead of gicing it to the ones in Brazil.

How he expects to win by imitating his opponent after the fact, and offering a 300 million dollar award for battery designs that already exist, is beyond me.

Posted by: skids | Jun 25, 2008 6:45:01 PM

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