Bush Says Gas Prices Causing Rethinking on Drilling
Expand American oil and gas production
By Holly Rosenkrantz, Bloomberg.com
July 12 (Bloomberg) -- President George W. Bush said some opponents of expanded domestic oil drilling and exploration are rethinking their positions amid the rise in gasoline prices.
``If this change of heart is real,'' Bush said in his weekly radio address, lawmakers can ``expand American oil and gas production and eventually relieve the pressure of rising prices.'' Bush is pressing Congress to open more domestic land to oil drilling in an effort to reduce energy prices. He has proposed drilling in the Outer Continental Shelf and developing energy sources in Alaska's Arctic National Wildlife Refuge as a response to record prices. More...
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