September 5, 2008 McCain Part 5: Energy as a national security issue Play video

(NECN: Saint Paul, Minn.) - Calling it "the most ambitious national project in decades," Sen. John McCain of Arizona pledged to launch a comprehensive energy plan in an effort to "stop sending $700 billion a year to countries that don't like us very much."

"We will produce more energy at home. We will drill new wells offshore, and we'll drill them now. We will build more nuclear power plants. We will develop clean coal technology. We will increase the use of wind, tide, solar and natural gas. We will encourage the development and use of flex fuel, hybrid and electric automobiles," McCain said, scolded Democratic nominee Barack Obama for eliminating drilling and nuclear energy as options.

TO SEE PART ONE OF McCAIN'S SPEECH, CLICK HERE TO SEE PART TWO OF McCAIN'S SPEECH, CLICK HERE TO SEE PART THREE OF McCAIN'S SPEECH, CLICK HERE TO SEE PART FOUR OF McCAIN'S SPEECH, CLICK HERE TO SEE PART SIX OF McCAIN'S SPEECH, CLICK HERE TO SEE PART SEVEN OF McCAIN'S SPEECH, CLICK HERE

He also called for "confidence, wisdom and resolve" in foreign relations. "We have dealt a serious blow to al Qaeda

in recent years. But they are not defeated, and they'll strike us again if they can. Iran remains the chief state sponsor of terrorism and on the path to acquiring nuclear weapons," McCain said. "And Russia's leaders, rich with oil wealth and corrupt with power, have rejected democratic ideals and the obligations of a responsible power."

And he touted his experience - a familiar theme already in the campaign. "We face many threats in this dangerous world, but I'm not afraid of them. I'm prepared for them. I know how the military works, what it can do, what it can do better, and what it should not do. I know how the world works. I know the good and the evil in it. I know how to work with leaders who share our dreams of a freer, safer and more prosperous world, and how to stand up to those who don't. I know how to secure the peace."

TEXT OF THIS SECTION OF SEN. McCAIN'S SPEECH IS BELOW:

My fellow Americans, when I'm President, we're going to embark on the most ambitious national project in decades. We are going to stop sending $700 billion a year to countries that don't like us very much. We will attack the problem on every front. We will produce more energy at home. We will drill new wells offshore, and we'll drill them now. We will build more nuclear power plants. We will develop clean coal technology. We will increase the use of wind, tide, solar and natural gas. We will encourage the development and use of flex fuel, hybrid and electric automobiles.

Senator Obama thinks we can achieve energy independence without more drilling and without more nuclear power. But Americans know better than that. We must use all resources and develop all technologies necessary to rescue our economy from the damage caused by rising oil prices and to restore the health of our planet. It's an ambitious plan, but Americans are ambitious by nature, and we have faced greater challenges. It's time for us to show the world again how Americans lead.

This great national cause will create millions of new jobs, many in industries that will be the engine of our future prosperity; jobs that will be there when your children enter the workforce.

Today, the prospect of a better world remains within our reach. But we must see the threats to peace and liberty in our time clearly and face them, as Americans before us did, with confidence, wisdom and resolve.

We have dealt a serious blow to al Qaeda in recent years. But they are not defeated, and they'll strike us again if they can. Iran remains the chief state sponsor of terrorism and on the path to acquiring nuclear weapons. Russia's leaders, rich with oil wealth and corrupt with power, have rejected democratic ideals and the obligations of a responsible power. They invaded a small, democratic neighbor to gain more control over the world's oil supply, intimidate other neighbors, and further their ambitions of reassembling the Russian empire. And the brave people of Georgia need our solidarity and prayers. As President, I will work to establish good relations with Russia so we need not fear a return of the Cold War. But we can't turn a blind eye to aggression and international lawlessness that threatens the peace and stability of the world and the security of the American people.

We face many threats in this dangerous world, but I'm not afraid of them. I'm prepared for them. I know how the military works, what it can do, what it can do better, and what it should not do. I know how the world works. I know the good and the evil in it. I know how to work with leaders who share our dreams of a freer, safer and more prosperous world, and how to stand up to those who don't. I know how to secure the peace.

When I was five years old, a car pulled up in front of our house. A Navy officer rolled down the window, and shouted at my father that the Japanese had bombed Pearl Harbor. I rarely saw my father again for four years. My grandfather came home from that same war exhausted from the burdens he had borne, and died the next day. In Vietnam, where I formed the closest friendships of my life, some of those friends never came home with me. I hate war. It is terrible beyond imagination.

I'm running for President to keep the country I love safe, and prevent other families from risking their loved ones in war as my family has. I will draw on all my experience with the world and its leaders, and all the tools at our disposal - diplomatic, economic, military and the power of our ideals - to build the foundations for a stable and enduring peace.