John McCain
Town Hall
Rochester, NH - 07/22/08
TRANSCRIPT:
MCCAIN: "[...] And I'd like to mention offshore drilling if I could. My friends, we have to drill offshore. We have to do it! Oil executives say within a couple years we could be seeing results from it. So why not do it? We need to do it, and I was pleased to note that, in case you missed it, when the President announced that we were lifting the Federal moratorium on offshore drilling that the price of oil went down ten dollars a barrel. So it does, if America can show as we move into this energy independent era, that we have significant oil and gas reserves and we aren't dependent on foreign oil, it will have an effect on the price of a barrel of oil. So it can have a beneficial effect in the short term, as well as the long term."
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