OFFSHORE DRILLING 6-22-08

PRESIDENT BUSH ANNOUNCES A SOLUTION TO EASE YOUR PAIN AT THE PUMP! THE PRESIDENT IS PUSHING CONGRESS TO LIFT A BAN ON DRILLING FOR OIL OFF AMERICA'S COASTS AS A MEANS TO COMBAT THE HIGH PRICES OF CRUDE AND GASOLINE, LONG TERM. THE WHITE HOUSE ESTIMATES THERE ARE 18 BILLION BARRELS OF UNTAPPED OIL OFFSHORE.   DEMOCRATS OPPOSE THE IDEA, SAYING OIL COMPANIES NEED TO FIRST UTILIZE ALL OF THE LAND THEY ALREADY LEASE. OIL CLOSED AT 136.68 A BARREL FRIDAY... HURT BY ANOTHER DROP IN OIL SUPPLIES.