We know that we could drill offshore around the southern coast of the United States and get oil.

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The Republicans argue that allowing oil firms more leeway to drill offshore will help to bring the price of petrol down.

ECONOMIST: Finding more oil has become the first issue of the campaign

Florida Gov. Charlie Crist had expressed opposition to exploring coastal waters, but he said this week he supports McCain's plan to lift the moratorium and would not rule out letting his state choose to drill offshore.

CNN: McCain wants to lift ban on offshore drilling