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"So my answer to Steven is that the best thing we can do is to increase supply, and to drill for oil and gas in environmentally friendly ways at home, and build more refineries. Steven probably doesn't know this, but we haven't built a new refinery since 1976, and if we're truly interested in relieving the pressure on our consumers, then we ought to have a very active domestic policy now."
Sen. John McCain said Monday the federal moratorium on offshore oil and gas drilling should be lifted, and individual states given the right to pursue energy exploration in waters near their own coasts.
With gasoline prices rising and the United States chronically dependent on foreign oil, the Republican presidential contender said his proposal would "be very helpful in the short term resolving our energy crisis."
The GOP presidential candidate said a recent run-up in the price of oil was having an adverse effect on consumers.
"We've seen the impact of it in the form of food prices, in the form of gasoline, in the form of threats of inflation and indeed indications of inflation, and we must we must embark on a national mission to eliminate our dependence on foreign oil," he told reporters.