"McCain knows America needs to reform its energy portfolio to include both new and proven sources of energy. He supports harnessing solar, wind and clean coal as well as expanding the use of nuclear power." ... [A]merica currently imports approximately two thirds of the oil it needs. This dependence on foreign sources of oil contributes to the wealth of undemocratic governments, some of which are supportive of terrorist attacks. ... America's addiction to oil affects various aspects of the global marketplace.
There is a direct correlation between the rising cost of fuel for transportation and the redirection of grains and feed toward the production of ethanol for our fuel supply, increasing global food costs. The doubling of oil imports since 1973 makes up 41 percent of America's rising trade deficit.
McCain knows America needs to reform its energy portfolio to include both new and proven sources of energy. He supports harnessing solar, wind and clean coal as well as expanding the use of nuclear power.
Further still, McCain has called for carefully lifting the federal ban on drilling on the Outer Continental Shelf with care for environmental concerns and would allow jurisdictions and local stakeholders to decide whether to drill and create more oil for our consumption.
Nuclear power is also critical to America's energy security. Nuclear power is a proven, zero-emission energy source that is being used in countries across Europe and Asia, yet the United States hasn't begun construction on a new nuclear power plant in over 30 years. ... McCain recognizes that we must better understand the role speculators are playing in the high cost of energy. By finding abusers of the system and punishing them immediately, he will ensure a near-crisis will not happen again.
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