I will defer to JSV who is far more knowledgeable than I on the subject and who wrote the following in a comment to my post “Why Vote for Obama?”

“ENERGY: In my opinion, by far and away the most important issue facing individuals, Americans, and the world is our impending energy crisis. While it may be temporarily overshadowed by financial headlines, it is both one root cause of these troubles and the hurdle that must be crossed before our economy can ultimately be set back on track for the long haul. It is a challenging issue because, in my opinion, the right solutions are neither the easy nor the short-term solutions. It is also inextricably tied into our health, quality of life, type of political order, and sustainability of our environment. On the energy front, neither candidate fits well with my ideal set of solutions: 1) radical reduction in the amount of work consumed (note: this is different than conservation, which leads only to a slippery slope by not addressing the question of physical work), 2) immediate and intense investment in renewable generation capacity, 3) a focus on re-localization and decentralization of select economic processes (while continuing to globalize in the energy non-intensive realms of information processing, communicaitons, etc.) to build resilience and true energy self sufficiency.
– Evaluation of Obama’s energy platform: He supports rapid investment in true renewables, though he is still too wed to the biofuels industry (which is the wrong approach), and his investment program is too timid (I’d like to see $200 billion per year, taken from the defense budget, not additional spending). His distance from nuclear is acceptable as the Energy-Return on Energy Invested due to declining ore quality will rapidly become a problem. I like that he shuns the easy, but false, hope of the “drill here, drill now” crowd.
– Evaluation of McCain’s energy platform: He also supports rapid investment in renewables, though more timid than even Obama and more wed to biofuels. His unfortunate alliance with the “clean coal” fantasy is roughly on par with Obama, so I don’t count that as a + or -. His push for nuclear energy is more aggressive than Obama’s, and I think that makes it more of a mistake. However, what I find most problematic about McCain’s platform is his promise of an easy fix, including the “drill here, drill now” speaches and the push to open up offshore drilling (which, buy the way, I think is fine but irrelevant in the big picture). This suggests to me one of two things: either he fundamentally doesn’t understand our energy crisis or how the oil industry works if he thinks that “drill here, drill now,” to include all of the OCS and Alaska, will have any impact, or he is pandering with the promise of an easy fix and won’t be able to later reverse course and tell people that they need to sacrifice for the difficult solutions that are actually viable.
SCORE: While I’m not crazy about his platform, Obama’s platform–and what I think he will realistically be able to accomplish with a Democratic Congress–look far more positive to me than what I think will happen under McCain.”

I would add to the JSV comment my disagreement with the overall choice.  JSV picks Mr. Obama but is not thrilled by either.  My difference with him is minimal in that I agree neither has a great policy nor will either be able to get done half what they want if they continue to relegate this issue to a low priority.  Where I differ is based on my test of words vs. deeds.  Mr. McCain has mostly voted what he is saying on the campaign trail.  Mr. Obama, on the other hand, has voted consistently for subsides for corn ethanol.  He avoids mention of it on the campaign trail unless he is in farm country.  I think this is predictive of the fact he will bend with the wind from the strongest interest group.  I think far more than most politicians, he has voted with his party and his interest groups but promised what will get him elected.  

If it is not obvious yet, I, like most people in the country like much of what Mr. Obama says.  My problem with him is that the more I read, and the more I learn of his past actions, the more I see what he will actually do if elected and it is not what he is promising.