Crawford (US):President George W. Bush today blamed the Democratic-led Congress for the high cost of gasoline and renewed his call for expanded offshore drilling to increase US 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.


House Speaker Nancy Pelosi signaled last week the Democrats position could be shifting. With energy legislation to be introduced after Congress returns, lawmakers will be able to "consider opening portions of the Outer Continental Shelf for drilling, with appropriate safeguards, and without taxpayer subsidies to Big Oil," she said.


But Bush said the Democrats are pushing a plan that would reduce domestic production and drain the country s emergency oil supply.
Source : PTI