So you see, by common sense putting the money in our own offshoredrilling would have many more benefits to our country rather than just jobs for parts companies.
And that means, yes, increasing domestic production and off-shore drilling, but we only have 3 percent of the world's oil supplies and we use 25 percent of the world's oil.
While speaking with reporters, the President said the moratorium on off-shore drilling would continue through December and certain actively-drilled wells in the Gulf would be put on hold for a period of time.