Lieberman skeptical of Obama drilling stance

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To make that point, Mr. Graham distinguished Mr. McCain’s change of position on offshore drilling, which wouldn’t especially benefit him, with Mr. Obama’s on public financing for his presidential campaign. Mr. Obama at first said he would accept public financing, which includes spending limits, but rejected it when it became clear he could raise hundreds of millions of dollars outside the federal funding system and vastly outspend Mr. McCain.

Mr. Obama’s Democratic supporters on Capitol Hill have repeated their argument that expanding offshore oil exploration would take nearly a decade to produce any oil, thus not affecting gasoline prices today. They also said oil companies should first start drilling in the millions of acres for which they already hold leases.

This article is based in part on wire service reports.

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