Durbin calls finding more oil useless

Sen. Richard Durbin (D-Ill) says oil is a global commodity and that an increasing American oil production would not guarantee an increase in American oil supply. He notes that 1.6 million barrels of US oil were exported daily in the first four months of 2008 and that since the US only has 3 percent of world oil supplies, OPEC could slightly cut production to keep prices high. (0:57)
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#1 issue is energy dependence, Congressman Davis says

In response to my question, what one aspect of the war do you feel is most important, Congressman Geoff Davis (R-KY) says we have not had a national strategy since the days of the Cold War. We need to step back and have objectives ranging from diplomacy to economics to security. The number one issue, he says, is energy dependence. If we use our natural resources and become an energy exporter, that would give us tremendous leverage and reduce economic incentives in many of the OPEC nations. (1:24)
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