Paid for by Obama for America
BARACK OBAMA’S PLAN TO MAKE AMERICA A GLOBAL ENERGY LEADER
Our nation is confronted by two major energy challenges – global climate change and our dependence on
foreign oil – both of which stem from our current dependence on fossil fuels for energy. America’s 20-
million-barrel-a-day oil habit costs our economy $1.4 billion a day, and nearly $500 billion in 2006 alone.
Every single hour we spend $41 million on foreign oil. America’s oil consumption increased by over 20
percent between 1992 and 2005. Our energy-related carbon dioxide emissions increased by more than 15
percent between 1993 and 2005.
Global warming is real, is happening now and is the result of human activities. The number of Category 4
and 5 hurricanes has almost doubled in the last 30 years. Glaciers are melting faster; the polar ice caps are
shrinking; trees are blooming earlier; oceans are becoming more acidic, threatening marine life; people are
dying in heat waves; species are migrating, and eventually many will become extinct. Scientists predict that
absent major emission reductions, climate change will worsen famine and drought in some of the poorest
places in the world and wreak havoc across the globe. In the U.S., sea-level rise threatens to cause massive
economic and ecological damage to our populated coastal areas.
Every president since Richard Nixon has spoken to the nation about how our oil addiction is jeopardizing our
national security. We are funding both sides in the war on terror and supporting some of the most despotic,
volatile regimes in the world. We are held hostage to the spot oil market – forced to watch our fortunes rise
and fall with the changing price of every barrel. And we are transferring a growing portion of our national
wealth to oil-producing regimes, adding to our trade deficit and enriching countries with economic and
national security interests adverse to our own. And we know that our oil dependency is jeopardizing our
planet as well as releasi