US Prexy plans to increase domestic oil supply

Despite soaring prices and world rising demand for oil, President Bush has still plan of increasing its domestic oil supply on his country.

"What the president will do this year is continue to push Congress to work toward expanding domestic production here in the United States in environmentally sensitive ways," said White House press secretary Dana Perino at a regular news briefing.

"We have to figure out a way to increase supply here in the United States, done in environmentally sensitive ways, which we know how to do, so that we can have an increase of supply of oil here, while world demand continues to increase at a really astronomical pace for demand for oil," she said.

While the United States tries to transition its economy to one that can run on renewable and alternative fuels, that's going to take a long time.

So, "what we can look toward is ways that we can increase supply here in the United States," said Perino.

The press secretary made these remarks when asked about oil prices, which soared to 100 dollars a barrel Wednesday for the first time ever amid a view that global demand for oil and petroleum products will continue to outstrip supplies.

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