More oil drilling a must, Bush says |
| Houston Chronicle - Apr 30, 2008 |
With the price at the pump climbing to another record Tuesday, President Bush reiterated his call for Congress to open more areas for drilling while dismissing suggestions he stop adding crude to the nation's emergency oil stockpile.
But Bush refused to join the firefight among the presidential candidates over whether Uncle Sam should grant motorists a holiday on the 18.4 cents-per-gallon federal excise tax on gasoline.
"What I'm not going to do is jump right in the middle of a presidential campaign," Bush said. "We'll let the candidates argue out their ideas."
With Houston motorists paying $3.50 a gallon, oil giants BP and Royal Dutch Shell reporting increased first-quarter profits and OPEC President Chakib Khelil refusing to rule out the prospect of $200 oil, energy analysts warn there is little policymakers really can do in the short term to substantially alter the nation's energy dilemma.
Read Full Article from Houston Chronicle
- Posted: 2008-04-30 08:39:39
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