Again, when Capital Commerce speaks, Washington listens. Just a day after I wrote about how John McCain would be smart to play down climate change and focus on energy security and increasing oil supplies through offshore drilling, he gives a speech doing just that. Unfortunately for him, Barack Obama stole a bit of his thunder by proposing to rebate some of the money raised from his cap-and-auction carbon plan back to consumers. Here's McCain:
The jobs, family budgets, and futures of the American people should not depend on the whims of foreign powers.... Oil and gasoline are the most vital of all commodities in a modern economy.... America's dependence on foreign oil is a matter of large and far-reaching consequences—none of them good.