Democrat Barack Obama met Sunday with Texas oil baron and longtime conservative activist T. Boone Pickens to discuss strategies for developing alternative energy.
The presidential hopeful praised Pickens as a "legendary entrepreneur" and deflected a question about the billionaire's role in helping to fund a television ad campaign that undermined John Kerry, the 2004 Democratic nominee.
Key Quote: "LANSING, Mich. — Senator Barack Obama altered his position on Monday to call for tapping the nation’s Strategic Petroleum Reserve to lower gasoline prices as he outlined an energy plan that contrasts with Senator John McCain’s greater emphasis on expanded offshore drilling and coal and nuclear technology."
Key quote: "In a reversal, Barack Obama is proposing tapping the nation's strategic oil reserves to help drive down gasoline prices, his campaign said Monday."
Key quote: "Barack Obama is once again betting that his eloquence can persuade price-weary consumers — read that as voters — to take the long view and not jump at a short-term fix when it comes to soaring energy prices."
Key quote: "Barack Obama will focus on energy security today at a campaign stop in Dayton, Ohio. Obama will accuse the Bush Administration and John McCain of lacking a long term energy plan, and will argue that the dependence on foreign oil poses a threat to national security.
Both McCain and Obama have been squabbling about their respective energy plans for months now. Yesterday McCain called Obama the “Dr. No” on energy policy."
Key quote: "U.S. Democratic presidential candidate Barack Obama offered new steps on Sunday to crack down on speculation in oil markets, saying his plan would help rein in runaway fuel costs. A jump in gasoline prices above $4 a gallon has spurred consumer anger and is a top theme in the race between Obama and his Republican rival in the November election, John McCain, who has proposed more U.S. offshore oil exploration as a way to boost energy supplies."
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