Obama acknowledges Bush policies helped US oil production grow

03/12/2012
US President Barack Obama said for the first time that policies in George W. Bush's administration, as well as during his own, led to more domestic crude oil production. But he also repeated his call for Congress to end what he considers tax subsidies for the oil industry in a Mar. 1 speech in New Hampshire. "One of the reasons our dependence on foreign oil is down is because of policies put in place by our administration, but also our predecessor's administration," he told an audience at Nashua Community College. "And whoever succeeds me is going to have to keep it up," he continued. "This is not going to be solved by one party; it's not going to be solved by one...
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