President Bush urged Congress to end a ban on offshore oil drilling, seeking to address rising consumer angst over record-high gasoline prices with a plan sure to anger environmentalists.
"Every American who drives to work, purchases food or ships a product has felt the effect, and families across the country are looking to Washington for a response," Bush said.
Bush said opening federal lands off the U.S. east and west coasts -- where oil drilling has been banned by both an executive order and a congressional moratorium since the early 1990s -- could yield about 18 billion barrels of oil.
Democrats in Congress don't agree with the plan and neither does Fast Money fan Moe who writes, "Any one that thinks more drilling of oil will solve the problem of high prices doesn't understand the problem... the whole problem rests with controls on the commodities market."
And that leads to our Fast Money Reader Poll. Do you think the U.S. should end the ban on off-shore drilling?
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