Offshore Oil

** FILE ** In this March 28, 2006 file photo, the Discoverer Deep Seas drillship sits on station off the coast of Louisiana as Chevron drills for oil in the Gulf of Mexico. President Bush is renewing his call to open U.S. coastal waters to oil and gas development, arguing that it's high time to battle high prices with increased domestic production. He is planning to ask Congress on Wednesday, June 18, 2008, to lift the drilling moratoria that have been in effect since 1981 in more than 80 percent of the country's Outer Continental Shelf and to let states help to decide where to allow drilling. (AP Photo/Alex Brandon, File)