The Big Oil Ticket

John McCain has paid lip service to being a “green” candidates, despite his numerous votes in that past against alternative energy. Now he’s given up the charade by picking Sarah Palin as his VP.

It’s crazy for the United States to be subsidizing oil and sending billions of dollars overseas for our energy. Of course we can’t solve this overnight with renewable energies, but investment in this area will spur economic development and over time will reduce our dependency on oil.

Tom Friedman takes on McCain:

I am not against a limited expansion of off-shore drilling now. But it is a complete sideshow. By constantly pounding into voters that his energy focus is to “drill, drill, drill,” McCain is diverting attention from what should be one of the central issues in this election: who has the better plan to promote massive innovation around clean power technologies and energy efficiency.

Why? Because renewable energy technologies — what I call “E.T.” — are going to constitute the next great global industry. They will rival and probably surpass “I.T.” — information technology. The country that spawns the most E.T. companies will enjoy more economic power, strategic advantage and rising standards of living. We need to make sure that is America. Big oil and OPEC want to make sure it is not.

Palin’s nomination for vice president and her desire to allow drilling in the Alaskan wilderness “reminded me of a lunch I had three and half years ago with one of the Russian trade attachés,” global trade consultant Edward Goldberg said to me. “After much wine, this gentleman told me that his country was very pleased that the Bush administration wanted to drill in the Alaskan wilderness. In his opinion, the amount of product one could actually derive from there was negligible in terms of needs. However, it signified that the Bush administration was not planning to do anything to create alternative energy, which of course would threaten the economic growth of Russia.”

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