You are right about the first part and wrong about the second part. Yes, both Obama and McCain technically are not very oil friendly. McCain has been against off shore drilling his entire career (he only changed his mind during the election to get votes). McCain is still against drilling in ANWR. Obama is also against both of these too. So yes, technically both candidates are not oil friendly.

However, you are wrong when you infer that because they are not oil friendly that the price of oil will go up over the long term. The price of oil will definitely go up over the near future (3-5 years). However, both Obama and McCain are extremely strong supporters of renewable energy. Obama is calling for the US to become completely independent of foreign oil within 10 years (that is more than 12 million barrels of oil per day cut, or 15% of global demand just by the US cutting consumption). McCain is not far behind that (although he technically has not set a date of 10 years).

Just the fear that demand may be reduced slightly because of the economic recession has caused the price of oil to fall $70 a barrel (about 50%) in just 3 months. Think about what will happen when the actual demand for oil is reduced by 30-50%. Then what will happen to oil prices.

The candidates are not oil friendly. However, they are alternative energy friendly. And over the long term, that is a much better position.




Or we can continue to send billions a year to our enemies (Iran, Iraq, Libya, Nigeria, Saudi Arabia, Russia, Venezuela, just to name a few of the top 10 oil exporters)