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Oil Money and the Democrats
On Saturday, Nancy Pelosi said she and the Democratic leadership had changed their position on offshore oil and gas exploration. Republicans have pounced on drilling as their solution to the pain at the pump Americans are experiencing while depicting Democrats as putting environmental concerns before the pocket books of the country’s drivers. Pelosi’s fudging on the issue is evidenced that the GOP’s campaign is working. And the energy debate is raging as a top issue locally in competitive congressional races.
Dave Johnson writing at The Huffington Post said that the GOP was “a political party working for oil companies - for money.”
With this coordinated campaign we see oil company advertisements on TV, hear them on the radio, read reports of “studies” from these industry front-group “think tanks,” read op-ed pieces written by industry-paid “experts,” and then to top it off elected officials and candidates reinforce the message (while the industry message reinforces their candidacy).
But what about the Democrats? Is Pelosi’s switch evidence of Democrats succumbing to Big Oil’s cash as well?
The Center for Responsive Politics’ charting of oil and gas interests giving over the past 10 election cycles shows Republicans have received three out of every four dollars. So far in this current cycle, again, the GOP has received 75 percent of the $19.8 million contributed by oil and gas companies and PACs. The Democrats 25 percent is up from 18 percent over the 2006 cycle, which must partially reflect the fact that Democrats control Congress. The industry has almost matched its $20.2 million contribution it made in the whole 2006 cycle, and there’s two-and-a-half months left before election day. With the Democratic leadership signaling they are willing to shift their position, it will be interesting to see if any more petro cash will flow their way.
Posted: August 18th, 2008 Tags: Big Oil, Center for Responsive Politics, Hillary Clinton, Nancy Pelosi, OpenSecrets.org
