Earth Equity News

Bush Calls for More Domestic Oil Production. By Russ Britt, Market Watch, May 17, 2008. "Rebuffed in his attempt to get Saudi Arabia to boost oil production, President George Bush on Saturday called for more aggressive domestic exploration for fossil fuels. In a brief meeting with reporters in Sharm el-Sheik, Egypt, Bush said the Saudis have increased production by 300,000 barrels a day so far this year, but that needs to be augmented by domestic oil exploration. The U.S. is asking that the Saudis ramp up production by 1 million barrels a day. 'Our problem in America gets solved when we aggressively go for domestic exploration,' Bush said. 'Our problem in America gets solved if we expand our refining capacity, promote nuclear energy, and continue our strategy for the advancement of alternative energies, as well as conservation.'"