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Kay Hagan on Energy & Oil

Democratic Senate Challenger; member of State Senate


Opposed offshore drilling until August compromise

[In this Dole ad, called “Ka-Ching”,] Hagan’s stand on drilling is linked to her ownership of oil wells.

Quote: “Kay is against offshore drilling.”

Facts: Earlier in the campaign, Hagan opposed lifting a federal moratorium on drilling for oil and natural gas off the U.S. coastline. In early August, she reversed herself, saying she supports a bipartisan compromise that would allow states to decide on offshore drilling, promote alternative energy and repeal oil company tax credits. Dole, who had previously supported the moratorium as well, reversed herself in June.

Note: The ad portrays Hagan as part of “Big Oil” because she and her husband own oil and gas wells valued somewhere between $90,000 and $300,000. That’s a pretty far cry from the billions a company such as ExxonMobil has in assets.

Source: 2008 N.C. Senate Debate: ad analysis, Raleigh News&Observer Sep 17, 2008

No tax breaks for big oil companies that give us $4 gas

Hagan twice linked Dole to tax breaks for big oil companies that have given back nothing but $4-a-gallon gas. Dole didn’t convincingly evade the charge but offered a good retort that Hagan had suggested nothing that would reduce gas prices. The Republican then proposed releasing one-third of the nation’s strategic petroleum reserve. The current inventory is just over 700 million barrels.
Source: 2008 N.C. Senate Debate reported in Greensboro News-Record Jun 25, 2008

Increase funding for R&D of renewable energy sources

In the US Senate, she will fight to reduce home heating fuel prices, push for higher fuel economy standards and replace tax breaks for Big Oil companies with new incentives for clean energy entrepreneurs. She will increase funding for research and development of energy sources such as wind, hydro, solar and biofuels.
Source: Campaign website, www.kayhagan.com, “Issues” May 21, 2008

Voted YES on protecting middle-income taxpayers from a national energy tax.