Comparing McCain, Obama energy plans

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By The Associated Press
The Associated Press
Saturday, August 9, 2008; 9:48 AM

-- A comparison of the major energy initiatives proposed by Democratic presidential candidate Barack Obama and Republican presidential candidate John McCain:

LONG-TERM VISION

Obama:

_Confront America's dependence on oil by developing energy alternatives and conservation.

McCain:

_Break the nation's dependence on foreign energy by 2025 with more domestic production and alternative energy sources.

ENERGY PRICE RELIEF

Obama:

_$1,000 tax rebate to help people pay high energy bills, financed by a windfall profits tax on oil companies.

_Release 70 million barrels of oil from the government's Strategic Petroleum Reserve to boost supplies.

McCain:

_Temporarily suspend the 18-cents-per-gallon federal gasoline tax.


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© 2008 The Associated Press