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With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production - FoxNews.com
WASHINGTON -- Seeking to address mounting criticism over high gas prices, President Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska.
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His announcement followed passage in the Republican-controlled House of three bills -- including two this week -- that would expand and speed up offshore oil and gas drilling. Republicans say the bills are aimed at easing gasoline costs, but they also acknowledge that won't be immediate
WASHINGTON -- Seeking to address mounting criticism over high gas prices, President Obama is directing his administration to ramp up U.S. oil production by extending existing leases in the Gulf of Mexico and off Alaska's coast and holding more frequent lease sales in a federal petroleum reserve in Alaska.
snip
His announcement followed passage in the Republican-controlled House of three bills -- including two this week -- that would expand and speed up offshore oil and gas drilling. Republicans say the bills are aimed at easing gasoline costs, but they also acknowledge that won't be immediate