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Associated Press
Published: Saturday August 23, 2008
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.
Congress left for the August recess without a solution to fuel prices. In a bid to force a vote on offshore drilling, Republicans blocked Democratic proposals to use the nation's petroleum reserve, curb oil speculation and require oil companies to drill on already leased federal lands.
The president, who is vacationing at his Texas ranch, said Americans support expanded exploration of oil in areas that include the Outer Continental Shelf. The shelf is the shallow, sloping land that stretches for miles undersea between the coastline and the deep ocean.
New oil drilling is only allowed now in federal waters in the western Gulf of Mexico and off Alaska.