Archive for June 17th, 2008
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McCain wants to lift ban on offshore drilling
Sen. John McCain on Tuesday proposed lifting the ban on offshore drilling as part of his plan to reduce dependence on foreign oil and help combat rising gas prices.
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Clinton asks top donors to meeting with Obama (AP)
AP - Barack Obama and Hillary Rodham Clinton plan to meet with some of her top contributors next week in an effort to calm donors who remain frustrated with Obama’s presidential campaign. -
Remarks by the President at the 2008 President’s Dinner
THE PRESIDENT: Thank you very much. Thank you for the warm welcome. Good evening. I appreciate that kind introduction — Jeb. (Laughter.) And I thank you for bringing Melissa, too.
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Nomination Sent to the Senate
Nomination Sent to the Senate: J. V. Schwan
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Policy Memorandum: American Made Energy
Crude oil prices have risen from $55 per barrel in January 2007 to more than $130 today. As of June 16, the average national retail price for regular gasoline was $4.08, having risen $1.07 over the past 12 months. These high fuel prices are posing a real challenge for American family budgets, and they are a headwind against economic growth. And they warrant a Federal response.
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Personnel Announcement
President George W. Bush today announced his intention to nominate one individual and designate two individuals to serve in his Administration: J.V. Schwan, Shara L. Aranoff, and Daniel Pearson
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Fact Sheet: Reducing Gas Prices and Foreign Oil Dependence
Today, President Bush called on Congress to help American families by removing barriers to domestic production of oil and gasoline. For many Americans, there is no more pressing concern than high gasoline prices. Behind them is the basic law of supply and demand. In recent years, the world’s demand for oil has grown dramatically. Meanwhile, the supply of oil has grown much more slowly. As a result, oil prices have risen sharply, and that increase has been reflected at American gas pumps. And now much of the oil consumed in America comes from abroad, including from unstable regions and unfriendly regimes. The Bush Administration has repeatedly called on Congress to expand domestic oil production. Unfortunately, Congressional Democrats have rejected virtually every proposal. Now, Americans are paying the price at the pump for this obstruction.
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Message to the House of Representatives
I am returning herewith without my approval H.R. 6124, the “Food, Conservation, and Energy Act of 2008.”
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President Bush Meets with Prime Minister Stanishev of Bulgaria
President Bush on Wednesday said, “Mr. Prime Minister, welcome to the Oval Office. It was about a year ago that I had the great pleasure of visiting your beautiful country, and I want to thank you for the warm hospitality you showed and thank you for giving me a chance to welcome you here to the Oval Office.”
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President Bush Discusses Energy
President Bush on Wednesday said, “In the short run, the American economy will continue to rely largely on oil. And that means we need to increase supply, especially here at home. So my administration has repeatedly called on Congress to expand domestic oil production. Unfortunately, Democrats on Capitol Hill have rejected virtually every proposal — and now Americans are paying the price at the pump for this obstruction. Congress must face a hard reality: Unless Members are willing to accept gas prices at today’s painful levels — or even higher — our nation must produce more oil. And we must start now. So this morning, I ask Democratic Congressional leaders to move forward with four steps to expand American oil and gasoline production.”