President Obama: Nation can't drill its way out of soaring gas prices

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http://thehill.com/blogs/e2-wire/677-e2-wire/159705-obama-more-drilling-is-not-the-solution

President Obama called for the elimination of billions of dollars in oil industry tax breaks Friday, while stressing that the United States can’t drill its way out of high gas prices.

“We can’t just drill our way out of the problem,” Obama said during an energy policy speech in Indiana Friday. “If we’re serious about addressing our energy problems, we’re going to have to do more than drill.”

(snip)
During his speech, Obama called for “putting an end to the unwarranted subsidies that we are giving oil companies right now through the tax code.”

“If you’re already paying them at the pump, we don’t need to pay them in the tax code,” he said.