Let's be clear, we're practically independent when it comes to power.
Petroleum is a transportation fuel in the US. Petroleum and refined product imports really took off in the mid-1990s, when the land-based wells started drying up.
So I would suggest that at least in the short term, yes, the way to reverse this would be to allow more offshore drilling.
If you have environmental concerns with that, then OK that's a separate discussion.
But as to the limited point of energy independence, yes, McCain's quote that you provide is accurate.
As for his flip-flopping, he is a politician, and a Republican who has made a career out of fence-sitting (a trait he calls reaching across the aisle). I don't want to reach across the aisle. I want there to be two aisles. I do not vote Republican. I admire Mitt Romney and thought he was a good governor of Mass., and I like the fact that he understands the economy and has actually created jobs. If McCain picks Romney for VP then they have a small chance of pulling me away from the Libertarians for whom I have voted, with the exception of Romney, for eight years. But otherwise I have no intention of voting for McCain. I am not fully knowledgable of his various positions held at various times on drilling, other than to note that more than a few years ago, and before the development of efficient and less risky drilling technology, the cost/benefit test might not have favored drilling.
The quote you provided is accurate, that is all I can definitively say.
Used to analyze the energy industry for a living. No that doesn't make me biased in favor of the industry. I could just as easily recommend against doing a deal as doing it.
· 1 decade ago