WASHINGTON, Aug. 2 /EMWNews/ -- The following is the

radio address by President Bush to the Nation:



    THE PRESIDENT: Good morning. This weekend marks the beginning of

August, the month when many Americans take their summer vacation. This

year, however, the high price of gas is taking a toll on summer travelers.

Congress is now taking a month-long recess of its own. Unfortunately,

Democratic leaders are leaving town without taking any action to ease the

burden of high gas prices on families across America.



    The fundamental source of high gas prices is the fact that supply is

not keeping pace with demand. To reduce pressure on prices, we need to

increase the supply of oil, especially oil produced here at home. So in

June, I called on Congress to lift the legislative ban that prevents

offshore exploration of parts of the Outer Continental Shelf, or OCS. But

the leaders of the Democratic Congress have refused to allow a vote.



    Lifting the ban on this offshore exploration would benefit our economy

in two important ways.



    First, lifting the ban would allow our Nation to take advantage of a

large and reliable source of domestic oil. Experts believe that these

restricted areas could eventually produce about 18 billion barrels of oil.

That's almost 10 years worth of America's current oil production.



    Second, lifting the ban would create new opportunities for American

workers and businesses. On Tuesday, I visited the Lincoln Electric Company

in Cleveland, Ohio, a business that produces welding products used for

offshore exploration. If Congress were to permit this exploration, it would

mean new jobs at businesses like Lincoln Electric. American drivers are

counting on Congress to lift the ban on offshore exploration, and so are

American workers.



    Bringing these resources online will take time, and that means that the

need for congressional action is urgent. I've lifted the executive

restrictions on offshore exploration. This means that the only thing now

standing between the American people and these vast oil resources is the

United States Congress. The sooner Congress lifts the ban, the sooner we

can get this oil from beneath the ocean floor to your gas tank.



    We also need to take other essential steps to strengthen domestic oil

production. Congress needs to pass legislation that allows us to tap the

extraordinary potential of oil shale, permits exploration in currently

restricted areas of northern Alaska, and enables the expansion of America's

domestic refining capacity.



    It appears that the leaders of the Democratically-controlled Congress

will let the entire summer pass without voting on any of these vital steps

to help reduce pressure on gas prices. This failure to act is unacceptable

to me and unacceptable to the American people. So when they return from

their summer break, Democratic leaders should show that they've heard the

frustration of the American people by allowing a vote on offshore

exploration. If Congress does not act, they will owe families across

America an explanation for why they're ignoring their concerns.



    I know that high energy prices are making this a difficult time for

many of our citizens, but it is important to remember that these high

prices were not inevitable. They are partially the result of policy choices

that have been made over the years by the United States Congress. Now

Congress has an opportunity to begin reversing that damage. By opening up

new resources at home we can help bring energy costs down. And that will

help ensure that our economy remains the strongest, most vibrant, and most

hopeful in the world.



    Thank you for listening.