Republican presidential candidate John McCain said Monday that the search for alternatives to the country's dependence on foreign oil is so urgent that he's willing to throw money at it.

Republican presidential candidate John McCain said Monday that the search for alternatives to the country's dependence on foreign oil is so urgent that he's willing to throw money at it.
The Arizona senator proposed a $300 million prize for whoever can develop a better automobile battery, and $5,000 tax credits for consumers who buy new zero-emission vehicles. The latest proposal is in addition to his support for overturning the federal ban on offshore oil drilling.
"In the quest for alternatives to oil, our government has thrown around enough money subsidizing special interests and excusing failure. From now on, we will encourage heroic efforts in engineering, and we will reward the greatest success," McCain said in a speech at Fresno State University.
Afterward, McCain distanced himself from comments in which top adviser Charlie Black said another terrorist attack this year on U.S. soil would benefit his candidacy against Democrat Barack Obama.
Black, who has been in the spotlight for his past work as a lobbyist, is quoted in the coming July 7 edition of Fortune magazine as saying such an attack "certainly would be a big advantage to him."