Leading Republicans are claiming that President Obama’s proposal to curb greenhouse gas emissions would cost households as much as $3,100 per year. The Republican National Committee calls it a “massive national energy tax.” But the $3,100 figure is a misrepresentation of both Obama’s proposal and the study from which the …
Issues: energy
Hot Air on Wind Energy
Interior Secretary Salazar said that the amount of “developable” wind power off the East Coast could produce more energy than all the coal-fired electric plants in the U.S., and that wind’s potential to replace most of our coal power “is a very real possibility.” We find his claims to …
U.S. Oil Reserves
Q: Are anti-drilling forces blocking access to the world’s largest oil reserve in the western U.S.?
A: The Bakken Formation touted in a chain e-mail isn’t the world’s largest oil reserve. The amount of oil it contains, according to the U.S. Geological Survey, is less than one one-hundredth of the estimate cited in the e-mail.
The $79 Billion Iraqi Surplus, Re-reconsidered
During the 2008 campaign, we repeatedly called out then-candidate Barack Obama for complaining that the U.S. was spending billions in Iraq while the Iraqi government sat on a projected $79 billion surplus. We said that Obama’s projection didn’t account for updates to the Iraqi budget. But things were slightly more complicated than we originally thought: On paper, Iraq’s budget showed a surplus of up to $57 billion, but the U.S. Government Accountability Office pointed out that the Iraqi government had shown little ability to spend all that it had budgeted.
‘Clean Coal’ Confrontation
On the campaign trail, President Obama embraced the coal industry’s vision of “clean coal” technology. But even before he took office, a coalition of environmental groups (including Al Gore’s) launched ads ridiculing the idea as a myth: “In reality, there’s no such thing as clean coal.” We’re sure to hear …
EPA Tax on Cows and Pigs?
Q: Is the EPA considering a tax on cows and pigs?
A: No. The farm lobby warned that EPA “could” push for such a tax, but EPA never proposed any such thing and says it lacks authority to impose one anyway.
Reckless Driving
The Obama-Biden campaign has released an ad as part of its “closing argument” to the American people. But we have a few factual objections to raise.
The ad is called “Rearview Mirror” and says that if you “wonder where John McCain would take the economy” just “look behind you,” alluding to the Bush administration. The ad even pictures President Bush’s face in the rearview mirror of a car.
But it touts some misleading claims Obama has dropped along the long campaign trail.
Obama 68 Million Acre Boast
Obama was off the mark when he said that oil companies have “68 million acres that they’re not using.”
As we’ve pointed out previously, those 68 million acres of land are not producing oil, but they are not necessarily untouched. In fact, in 2006, the last year for which figures are available, there were a total of more than 15,000 holes that were being proposed, started or finished. These acres of land that these holes sit on are not counted as being “producing,”
The Return of the Oil Slick
McCain accused Obama of voting for a “Bush and Cheney” energy bill that gave away billions to oil companies. McCain is referring to the Energy Policy Act of 2005, which Obama did in fact vote for. Sen. Clinton raised this same charge against Obama during the Democratic primaries. It was misleading then and it’s equally misleading now.
In fact, according to a Congressional Research Service report, more tax breaks were taken away from oil companies than were given.
2005 Energy Bill Deja Vu
Palin threw out an old canard when she criticized Obama for voting for the 2005 Energy bill, saying, “that’s what gave those oil companies those big tax breaks.”
It’s a false attack Clinton used against Obama in the primary and McCain himself has hurled. It’s true that the bill gave some tax breaks to oil companies, but it also took away others. And according to the Congressional Research Service, the bill created a slight net increase in taxes for the oil industry.