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Big Oil's '08 Bets | Oil Watchdog

Press Release

Big Oil's '08 Bets


Wed, May 14, 2008 at 6:25 pm

    Big Oil's '08 Bets

    5-14-08 by dugan


    The latest campaign finance reports, from OpenSecrets.org, show Sen. John McCain closing in on the defunct Rudy Giuliani as Big Oil’s bet in the presidential race. Oil money these days is as nasty as tobacco money, and all the candidates ought to be refusing it, though at least the last round of campaign finance lawmaking curbed direct corporate spending on candidates.

    Since the last batch of campaign reports,  Giuliani’s $6-million-plus total hasn’t budged (for the obvious reason) and  a surge of oil industry contributions to McCain nearly doubled his total, to
    $515,486. McCain was hardly a blip when Giuliani and Sen. Mitt Romeny dominated in their primary fight, but oil companies appear to be swallowing their doubts about backing a maverick–albeit one who hasn’t threatened oil company profits. 

    Sen. Hillary Clinton, at
    $353,723, is still behind the long-gone Romney, and Barack Obama, who has more or less pledged to kick oil lobbyists out of his office, is at a hedge-bet level of $266,097. 

    One certainty is that once the presidential race is one-on-one, oil will be putting its money into guaranteeing the industry a voice in the next administration. The test of the winner will be whether he or she actually does some ejecting of oil influence in the White House.  


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