Obama says in a TV Ad that McCain has received $2 million from Big Oil. That is probably untrue since it is illegal for corporations to make campaign contributions. Employees of companies can contribute, of course. According to this blurb from Instapundit Obama has received more money from the employees of Exxon Mobil than McCain has. I wonder why anyone thinks Exxon Mobil wants more drilling? After all, not drilling is working well for them. Drilling wildcats involves considerable risk. Better to reduce supply and let the value of the oil they have in the ground go up to $200 or $300 per barrel. Drilling adds supply, reducing the price of oil. (Democrats claim there is no relationship between supply and demand and price, but the Oilmen know better than that.) Of course, smaller oil companies that don't have so much oil in the ground would like to drill.

Exxon-Obama


Via Jim Geraghty at Campaign Spot, we have this from Jake Tapper at ABC:

As we close up a week wherein Sen. Barack Obama, D-Illinois, on the stump and in a TV ad accused rival Sen. John McCain, R-Ariz., of being "in the pocket of big oil," and doing the industry's bidding -- not to mention a week during which the Democratic National Committee launched an Exxon-McCain '08 website to drive home this Democratic talking point -- the non-partisan Center for Responsive Politics points out that the issue is a bit more complicated than it first would appear.


McCain has received three times more money from the oil industry in general -- $1.3 million for McCain compared to approximately $394,000 for Obama. But that said, Obama has received more campaign cash than McCain has from the employees of some of the biggest oil companies -- Exxon, Chevron and BP.


This might seem to complicate Obama's continual use of Exxon-Mobil on the stump.