Obama Energy Plan

On August 4, 2008, presidential candidate Barack Obama outlined the details of his energy plan before a crowd in Lansing, Michigan. Obama's three-step plan includes a windfall profit tax on big oil corporations that would, in turn, be given to people in need of energy assistance in the form of a $1,000 rebate.CNN: Obama Calls For Tapping Into Strategic Oil Reserves (August 4, 2008) Obama also called for tapping the nation's Strategic Oil Reserves.Los Angeles Times: Barack Obama Shifts on Tapping National Oil Reserves (August 4, 2008)

In a campaign stop on October 28, McCain criticized Obama's reluctance to drill for oil in the United States immediately, using the words "blah blah blah" to refer to a discussion he had with Obama concerning their differing ideas about renewable energy.New York Times: McCain is in Hershey, but the tone isn't sweet

"Creating a new energy economy isn’t just a challenge to meet, it’s an opportunity to seize – an opportunity that will create new businesses, new industries, and millions of new jobs."WXYZ.com (Detroit, MI): Obama Speaks About Economy In Lansing (August 4, 2008)—Barack Obama

"There are three major steps I will take to achieve this goal – steps that will yield real results by the end of my first term in office. First, we will help states like Michigan build the fuel-efficient cars we need, and we will get one million 150 mile-per-gallon plug-in hybrids on our roads within six years"WXYZ.com (Detroit, MI): Obama Speaks About Economy In Lansing (August 4, 2008)—Barack Obama

"The second step I’ll take is to require that 10% of our energy comes from renewable sources by the end of my first term – more than double what we have now."WXYZ.com (Detroit, MI): Obama Speaks About Economy In Lansing (August 4, 2008)—Barack Obama

"Finally, the third step I will take is to call on businesses, government, and the American people to meet the goal of reducing our demand for electricity 15% by the end of the next decade. This is by far the fastest, easiest, and cheapest way to reduce our energy consumption – and it will save us $130 billion on our energy bills."WXYZ.com (Detroit, MI): Obama Speaks About Economy In Lansing (August 4, 2008)—Barack Obama