Washington, DC - Following a Sunday Washington Post article entitled "Industry Gushed Money After Reversal On Drilling" exposing Big Oil's big donations to John McCain following his reversal on offshore drilling in June, the Democratic National Committee today released a web video entitled "Gusher" (http://www.youtube.com/watch?v=95NSWsNah60). The web video links McCain's reversal on offshore drilling, his next-day fundraisers with energy executives in Texas, and the resultant dramatic increase in donations from oil and gas industry executives and employees to the McCain campaign.
The web video captures how McCain's shift to same-as-Bush language on offshore drilling won him a thirty-second standing ovation in a room full of oil executives - and a boost from the oil and gas industry that tipped his June fund raising from Big Oil to $1.1 million. McCain raised as much from oil interests in June 2008 after his reversal, $1.1 million, as he did in the previous 18 months combined.
"Like Bush, McCain will reward his Big Oil donors with policies that will boost corporate profits while doing nothing to lower Americans' gas prices," said DNC spokeswoman Karen Finney. "John McCain's tax plan would give $4 billion in tax breaks to the top five oil companies -- and almost nothing to middle-class Americans while the Bush-McCain plan to end to the ban on offshore drilling won't produce a drop of oil for seven years and won't help consumers at the pump for years beyond that. The only immediate result we've seen from John McCain's reversal on offshore oil drilling is to his campaign's bottom line."
To see the DNC's latest video, "Gusher," click here.
Chyron: Big Oil Rewards McCain's Big Shift on Offshore Drilling
[June 17, 2008]
Chyron: McCain REVERSED His Position On Offshore Drilling In Speech To Oil Executives
McCain: ...but a broad federal moratorium stands in the way of energy exploration and production. And I believe it is time for the federal government to lift these restrictions and to put our own reserves to use. (Cheer)
Chyron: A Room Full of Cheering Oil Executives
Chyron: In The 13 Days After This Speech, McCain Raised Almost $1 Million From Oil Executives [Washington Post, July 27, 2008]
Chyron: McCain Raised As Much From Oil Executives In June As He Had In The Previous 13 Months Combined. [OpenSecrets.org, Washington Post, July 27, 2008]
Chyron: Yet Even McCain Admitted Offshore Drilling Will Not Lower Oil Prices Anytime Soon
[June 23, 2008]
McCain: I don't see an immediate relief, but I do see that exploitation of existing reserves… even though it may take some years...
Chyron: So Why Did John McCain Reverse His Position On Offshore Drilling?
Chyron: Four More Years! Four More Years! (repeating)
On Screen: The Washington Post. Industry Gushed Money After Reversal On Drilling. (article) [Sunday, July 27, 2008]
Chyron: Americans Can't Afford Four More Years Of A White House Run By Oil Executives...