Our guest blogger is Adam Jentleson, the Communications and Outreach Director for the Hyde Park Project at the Center for American Progress Action Fund.
McCain has a new ad up that claims offshore drilling will lower the price of gas. Referring to McCain, it says, “One man knows we must now drill more in America and rescue our family budgets.”
In response to the ad, Progressive Accountability highlights the 28 lobbyists (plus one) to whom McCain has outsourced his energy policy.
McCain himself has said that offshore drilling would not provide “immediate relief,” and that the benefits to American families struggling to pay for gas would be “psychological”:
I don’t see an immediate relief, but I do see that exploitation of existing reserves that may exist — and in view of many experts that do exist off our coasts — is also a way that we need to provide relief. Even though it may take some years, the fact that we are exploiting those reserves would have a psychological impact that I think is beneficial.
McCain’s chief policy advisor, Douglas Holtz-Eakin, has also said that offshore drilling would have “no immediate effect” on gas prices.
And the government’s official source for energy statistics, the Energy Information Administration, says that new offshore drilling will not have a significant impact on gas prices — not even in twenty years.
So what is the basis for McCain’s claim that offshore drilling will lower gas prices? Short of some new information substantiating that claim, this new ad is tremendously misleading. The only “family budgets” helped by McCain’s plan are those of the superwealthy Big Oil CEOs whose lobbyists are running his campaign.