Obama seeks more drilling in Alaska and Gulf of Mexico

[IDemo]

Cross post from LBN

Source: Reuters

President Barack Obama, under pressure from Republicans and the public to bring down gasoline prices, announced new measures on Saturday to expand domestic oil production in Alaska and the Gulf of Mexico.

High fuel prices have dented Obama's ratings in opinion polls and threaten to dampen the economic recovery that is critical to his re-election in 2012.

The president, a Democrat, has pushed for reducing U.S. oil consumption and expanding renewable energy sources while also focusing on domestic oil and gas production -- an area Republicans want to expand dramatically.

In his weekly radio and Internet address, the president met some of those Republican demands, outlining ways to boost domestic drilling and better coordinate the process of issuing permits in Alaska.

Read more: http://www.reuters.com/article/2011/05/14/us-obama-oil-...