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CRAWFORD, Texas (AP) — President Bush on Saturday blamed the Democratic-led Congress for the high cost of gasoline and renewed his call for expanded offshore drilling to increase U.S. oil supplies.
"To reduce pressure on prices, we need to increase the supply of oil, especially oil produced here at home," Bush said in his weekly radio address.
Yeah, who even bothers to listen to the FOOL [the most hated president ever who nearly destroyed our nation & will forever be shunned\ignored by Americans
CRAWFORD, Texas (AP) — President Bush on Saturday blamed the Democratic-led Congress for the high cost of gasoline and renewed his call for expanded offshore drilling to increase U.S. oil supplies.
"To reduce pressure on prices, we need to increase the supply of oil, especially oil produced here at home," Bush said in his weekly radio address.
Yeah, who even bothers to listen to the FOOL [the most hated president ever who nearly destroyed our nation & will forever be shunned\ignored by Americans
Hmm... I must've the trials, which I'm sure would've occurred if they had been war criminals.
What's news about this? It sounds reasonable to me.
Well, there is the fact that even the American Petroleum Institue concedes that opening up additional offshore areas for exploration and drilling will have no effect on the pump-price of gasoline.
What API does not concede, but what is nevertheless true, is that Republican proposals to address high gasoline prices through, and only through, expanded offshore exploration and drilling rights is nothing but one last attempt by them to pad the bottom line of oil companies. No other significant effect is actually likely to arise from their proposals...
"Still, the nation's economy will continue to rely on fossil fuels for the foreseeable future, according to Sara Banaszak, senior economist at the American Petroleum Institute. "Under any model of the country's energy future, we will still need more oil and gas over next 20 years," she said. Offshore drilling can help meet that need and will boost domestic economic activity. Banaszak says opening up the country's coast lines to oil exploration has the potential to have "immediate impact," on gas prices. Lifting the ban would send a "strong signal" to the oil futures market, which could help bring the price of crude down immediately, she said."
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