My pal Dan Clifton over at Strategas Research has the skinny on John McCain's upcoming energy proposal. "The major trade on McCain's energy proposals is long nuclear and short ethanol," he says. Among the details:
1. Nuclear Energy. We believe McCain will address these issues comprehensively focusing on how the US can build more nuclear plants.... 2. Increasing Refinery Capacity. We believe McCain will propose a new method for refining capacity, either through new construction or upgrades, while balancing environment, regulatory, and cost concerns.... 3. Ending Ethanol Subsidies. McCain will adamantly campaign to end ethanol subsidies, even despite the fact that Iowa is a key swing state in this election.