I think these links carry with them a fair amount of expertise and gravity, and I believe they address critter’s comments as well:
http://www.outsidethebeltway.com/archives/is_it_worth_drilling_for_more_domestic_oil/
http://www.usnews.com/articles/news/national/2008/05/23/arctic-drilling-wouldnt-cool-high-oil-prices.html
http://resourcescommittee.house.gov/images/stories/Documents/truth_about_americas_energy.pdf
On the surface, I would like the “all of the above” approach McCain says he’d like to take, but I have a hard time believing that is anything more than a catch phrase when he also chants “drill baby drill”, and is a member of the party which for decades has talked about how we need to free ourselves from dependence on foreign oil, but has then constantly turned around and done nothing to invest in alternate energy. One thing almost all scientists agree on though is that we need investment in alternative energies to make them cheap enough to be ready for market. If we were to give the tax credits to alternative energy sources that we’ve given to the oil companies (which are making larger and larger profits each quarter….one oil company just posted the largest profit of any company in HISTORY), that would bring down the prices and improve the technology to the point where it would be cheaper for people to convert than it would be for them to rely on the current sources of energy. Indeed, listen to this episode of NPR’s “Talk of the Nation” from July where an expert in the field explained how with just the technology we have NOW, we could replace 100% of the US’ energy needs with a solar farm 92 square miles.
http://www.npr.org/templates/story/story.php?storyId=92677182
But again, I just plain don’t trust that McCain will do an all of the above approach. I think he will drill, and should gas prices go down (as they have been for months now…oil prices have gone down by nearly a third, though you wouldn’t know it at the gas pumps where prices have gone down by maybe an eighth), I’m sure that all these lofty goals of investing in solar, wind, wave, etc. will be relegated to “some day” options as they have been for decades. Remember that Reagan promised to free us from dependence on foreign oil, but the moratorium on offshore drilling didn’t happen until George HW Bush, so why didn’t we pursue domestic drilling THEN if it was such a good idea? But we all know that Reagan was not a believer in alternate energy sources…on DAY ONE in office, he ordered that a solar powered water heating system that Carter had installed in the White House be ripped out and replaced with an electric powered system.
And W, who actually campaigned as an environmentalist has done everything he can to be exactly the opposite. So, forgive me if I don’t believe someone who has voted with him 90% of the time when he says he’ll take an all of the above approach. Republicans ALWAYS say they’ll free us from foreign oil dependence, but none has ever done it, and we have no reason to believe any ever will.
And the fact that they are attempting to discredit Obama’s position, which is very close to McCain’s should tell you plenty. Obama only wants to temper certain ways of getting energy with common sense. He sided with the Gang of 10 which wants to open up SOME off shore drilling, but he recognizes that not only are there millions of tax subsidized acres of land on which exploration could occur but is not occurring, and he recognizes that drilling offshore does present potential environmental hazards in the event of a hurricane (we only get a dozen of those every year). He also recognizes that our main goal should be to burn NO oil eventually because it does (in the concensus view of the vast majority of scientists) contribute to global warming. Same with nuclear, McCain wants to push forward with building new plants, Obama is not adverse to nuclear technology, but he wants to solve the storage problem before we end up creating more nuclear waste than we can process. Obama’s positions are tempered with reason, McCain’s positions are the EXACT positions (push forth, drill baby drill, build new nuclear plants NOW) taken by the oil and nuclear industries…that should tell you everything you need to know.