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Bush economic advice includes more domestic E&P

01/14/2008
US President George W. Bush is including more domestic oil and gas exploration in his general economic recommendations as 2008 gets under way.Bush reiterated his opposition to new taxes and voiced concern over impacts from the housing crisis. But he also noted that gasoline prices have risen and that consumers are feeling financially pinched.“There is no quick fix. As a matter of fact, I signed good legislation, passed by Republicans and Democrats, that enables us to begin to diversify away from oil and gas, and that’s good,” he said on Jan. 7, referring to the 2007 energy bill he approved on Dec. 17.“But the diversification isn’t going to happen overnight. W...
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