Wednesday, November 28, 2007

When Fuel and Politics Mix

As oil prices flirt with record highs, hovering around $95 a barrel on Tuesday, the Democratic and Republican presidential candidates are offering few quick fixes but profoundly different long-term approaches to energy policy.

Over the next decade or two, the differences could have a major effect on billions of dollars in government spending, on the relative prices of gasoline versus renewable fuels and on the efficiency of American cars and trucks.

For Democrats, the goal of energy policy is largely about reducing oil consumption and has become inseparable from the goal of reducing the risk of climate change.

For the Republican candidates, energy policy is primarily about producing more energy at home — more oil and gas drilling on the Outer Continental Shelf and in the Arctic National Wildlife Refuge; more use of American coal to produce liquid fuel; and, as with Democrats, more renewable fuels like ethanol.

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