U.S. presidential candidates John McCain and Barak Obama clash over tax and foreign policy, but their energy proposals are more alike than their campaign rhetoric suggests. Both offer to reduce global warming with a cap-and-trade program, "clean coal" technology and expanded use of wind and other renewable energy. But no matter who wins, energy prices are likely to climb. There are some differences: Obama emphasizes renewable energy to reduce dependence on foreign oil, while McCain puts more faith in drilling. Obama is less enamored of nuclear power than McCain. Obama supports subsidies for ethanol production while McCain would cancel them and open the market to foreign competitors. Environmentalists tend to favor Obama, while business groups favor McCain. The big differences, frankly, are where they want to push the money rather than one campaign pushing things that are feasible and the other pushing things that are not," notes Matthew White, a professor of business and public polic...
Originally from: http://knowledge.wharton.upenn.edu/article.cfm?articleid=2082