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McCain Cashing in on Big Oil Bucks? Well, yes, but…

The Washington Post attempts to make some hay over oil company contributions to the McCain campaign following his call for increased domestic oil production. Here’s the lede, just to set the tone of the piece.

Campaign contributions from oil industry executives to Sen. John McCain rose dramatically in the last half of June, after the senator from Arizona made a high-profile split with environmentalists and reversed his opposition to the federal ban on offshore drilling. Oil and gas industry executives and employees donated $1.1 million to McCain last month — three-quarters of which came after his June 16 speech calling for an end to the ban — compared with $116,000 in March, $283,000 in April and $208,000 in May.

They follow these figures up with one of the usual expert opinions.

The timing was significant,” said David Donnelly, the national campaigns director of the Public Campaign Action Fund, a nonpartisan campaign finance reform group that conducted the analysis of McCain’s oil industry contributions. “This is a case study of how a candidate can change a policy position in the interest of raising money.”

Interesting, but I have to say disingenuous as well as missing the point entirely. Is it surprising that oil industry executives would be more amenable to donating after McCain’s decision on drilling? Not at all, but I would submit that the cash was merely a predictable side effect. Did McCain hope to profit from taking this policy position? Absolutely he did, but not in cash… he did it for votes – for the support of the American public who are frustrated by high energy prices and a lack of coherent government policy in this area.

The article is eager to point out his “change of position” on the subject of domestic drilling (while not going so far as to invoke the dreaded “flip flop” phrase) but such is the price of winning elections, along with the trust and backing of the voters. There are several issues where Senator Obama has been accused of the flip-flop which were cut from the same cloth as McCain’s move on this topic. Conditions in the country and around the world change over time. The politician who hopes to succeed will have to adapt to these conditions. On the question of energy policy, McCain has done this. The cash, while doubtless welcome, was hardly the motivation. The $1.1 million represented less than two percent of the candidate’s take for the month, and it wouldn’t have been worth a bucket of warm spit if he had been moving to an energy policy which the majority of Americans rejected.

If you wish, you may accuse McCain of “pandering for votes” with this move. But suggesting he did it in some desperate dash for campaign dollars is a poor substitute for political analysis.

  • Neocon
    One always has to balance the truth with ulterior motives.

    T. Boone Pickens a big oil man who has been spouting peak oil theory and the fact that drilling wont bring in any more oil. I have hesitated to call him out because I do favor anyone who will develop alternative energy into reality......however.......

    Pickens has long pumped water from the Ogallala Aquifer through his company Mesa Water, but has recently formed an itsy-bitsy eight acre water district (populated not coincidentally by people firmly in Pickens’ pocket) which will finance the construction of a $2.2 billion water pipeline running into the the Dallas-Ft Worth metro area from the Panhandle. Electric transmission will run above this.

    and let us not forget why he believes oil drilling wont solve anything.

    According to Business Week, the 77 year-old magnate has made more money betting energy prices would rise in the last five years than he did in the preceding half century working in the oil patch. Today, Pickens is the Chairman of BP Capital Management, a hedge fund that manages roughly $2.5 billion (about a third of that number is Pickens' personal wealth), and has been delivering for its investors in a big way.

    Theres lots of reasons why the huge bump from big oil. If they thought that lifting drilling sanctions would NOT benefit them they certainly would not start giving huge dollars to McCains campaign overnight.
  • runasim
    Jazz,

    This is not a good time to expect sympathy for how McCain is being mistreated in the press. He's spent an entire week in smearing innstead of campaigning and misrepresenting when not outright lying, and now an article is unfair?

    For every article that doesn't represent him fairly, there are two that ignore every misrepresentation of facts he makes. He is never challenged the way Obama is.
    He's been getting a free ride all along, because he's the familiar guy, and the press think they know him.
    According to the evidence last week, they don't know him at all; they just buy the image.
    At this point, I can't feel too sorry for the poor baby.

    If he wanted a campaign 'about the issues' , he should have stuck to a few ground rules.
  • Neocon
    Thats because everyone knows that Obama is unfit to be president. We are all trying to convince the people. Including a press that is Liberal to a fault.

    They all know this man is not capable, fit, qualified to be president. They know McCain is. That is why the press continually is going after Obama without saying as much.

    We all know that we've been pickpocketed. We just look around in the crowd and cant decide who it is. Barak Obama is pick pocketing us and the press is trying to find the culprit.
  • daveinboca
    I wish someone would do an article about the amounts that the vastly overpaid NBC liberal lefties have donated to Obama's campaign----not to mention the other networks. And the ink-stained wretches in the newsrooms of newspapers that won't be around 5-10 years from now if trends continue.
  • Silhouette
    McCain = BigOil

    Obama + Larry Sinclair = McCain

    BigOil knows what it's doing and doesn't ever allow random mistakes to happen.

    If you think BigOil is going to let Obama win, think again.

    Hillary = Real Change, the kind they cannot defeat so easily.

    Another Clinton administration= promoting Obama over Clinton....yes, BigOil sunk big money into promoting Obama over Clinton.

    Myth: the Media is liberal.

    CNN has allowed military PSYOPS personelle to operate side by side with their supposedly free press. CNN sets the standard the others follow.

    CNN + Press = BigOil influence on media coverage.\

    Obama is the media doll until Clinton is officially out of the way.
    *******

    Do the BigOil math. You might as well. They have...

    And once you've done the math, see where you can insert an unexpected integer to screw up their calculations...

    There's still time... a few more weeks...
  • Rudi
    McClown also pandered on George's show this morning. When asked if he opposes gay's adopting any children, he avoided the answer with a blanket response - "family values". Well, why couldn't a gay couple love a daughter like his from Sri Lanka any less than Mr. Budweiser? Many fringe children go unadopted or placed in foster homes. Not all "fringe children" are blue eyed pedigree...
  • StockBoySF
    If McCain wants to campaign on the issues, he should stick with the issues and get his facts right. Last week's performance of McCain showed me that he was like an untethered ship in a storm, grasping at anything that would give him votes, rather than being proactive, taking the bull by the horns and being a leader with new ideas on issues that affect all of us.

    By the way, something I've noticed... it seems that everyone, media, politicians- Dem and Rep., folks in the street, etc., quotes Obama and uses his lines while no one seems to quote McCain. So when I read Frank Rich's column today in the NY Times I couldn't help but notice that McCain changes his position to match that of Obama, whether on corporate greed, the mortgage crises, etc. And of course Obama's beliefs of troop withdrawal and meeting with the countries we disagree with are now something the Bush administration is doing. I don't know how people can seriously say that Obama has no judgement when events have consistently proved his judgement to be better than either McCain's or Bush's and how to approach our problems is how the Bush administration is acting. It's nice to see so many folks think about Obama's plans and take his positions, even Bush.

    As far as McCain supporting oil.... last week was just another example of McCain being stuck in the past... his support of oil and his canceled flight to the oil platform due to a hurricane and then the spill in the MS River at New Orleans (costing the economy hundreds of millions of dollars) just shows that McCain's policies keep us in the past and will subject the US to the same issues that have always cost us... whether oil spills, pollution in the environment, an addiction to oil which will only increase in price, etc.
  • Ricorun
    I guess my feeling about this is, just because a person might have ulterior motives for doing something does not, in itself, make it a bad idea. In McCain's case, he shifted his position on drilling, which appears to be both politically and financially advantageous. Arguing which came first, or which motivated the other, seems rather pointless to me.

    In Picken's case, Neocon points out what are likely to be his ulterior motives for his wind power advocacy. It wouldn't surprise me at all if he's absolutely correct in every detail. In fact, it would surprise me more if Pickens didn't have ulterior motives. But just because he stands to make money on the deal doesn't make it a bad idea.

    On the other hand, it doesn't necessarily make either drilling or wind power (etc.) good ideas, either. One of the central arguments McCain makes for drilling is that it will have an effect on the price of oil. It seems to me the evidence is very thin on that count. Even Pickens isn't buying it. On the other hand, one of the central arguments against drilling is that it will deflect attention away from pursuit of an oil-free future. And it seems to me the evidence is very thin on that count, too. And believe me, if there were any good evidence that drilling would affect the motivation to pursue and/or actualize an oil-free future I'd be against it. IMO, we have to do that ASAP. In the mean time though, we're going to continue to need oil. And all domestic drilling will change is how much of it comes from domestic sources. Assuming it's done responsibly, and with the consent of the people in the bordering states, I don't see the down side. In fact, all I see is up-sides (less oil to import means less trade deficit, better energy security, and more domestic jobs). So I think McCain has Obama over a barrel on this count. And that's a shame, because in balance I think Obama is much more committed to pursuing an oil-free future than McCain. To my mind, the two issues (drilling vs. oil-free future) are independent considerations, not either/or considerations. It's only the politicians that are requiring us to make a choice. One would hope that one or the other candidate (or both -- along with their parties) would eventually realize that. But if it does come down to a choice, I'm going with the guy (and party) that makes the best case for the oil-free future option.
  • Neocon
    It seems to me the evidence is very thin on that count.

    Then let the democrats say yes NOW. Tomorrow and by November they can say "see our judgment is correct." and we can elect Obama in a landslide and he can then stop the drilling because its not working.

    Because if it DOES work then we Elect McCain because Obama's judgment once again proves to be wrong. Thats the real fear and so the Left and the right are both playing political chicken with Oil, and while they do people are suffering because these HUGE prices really are affecting everyone but most especially the poor or those just struggling to get by.
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