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How One McCain Proposal Could Cut Fuel Costs

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How One McCain Proposal Could Cut Fuel Costs

Election 2008

How One McCain Proposal Could Cut Fuel Costs

How One McCain Proposal Could Cut Fuel Costs

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Democratic presidential hopeful Barack Obama and his Republican counterpart John McCain have proposals for dealing with the tight supply of oil. But Bob Pindyck, a professor of economics and finance at MIT, says most of those proposals would make a limited difference as Americans face rising energy costs.

Pindyck tells Steve Inskeep that there is one exception — a proposal that McCain supports but Obama opposes. Removing the tariff on Brazilian ethanol — which is made from sugar instead of corn — would help cut gas prices within a year, he says.