Here comes Bush, echoing John McCain by conceding that offshore drilling won't actually do anything to reduce oil prices but saying it's a good idea for psychological reasons:

The Green Lantern Theory as applied to foreign policy is wrongheaded, but as applied to energy supplies it's downright bizarre. Demand for oil is growing faster than supply, leading to high prices and over the long run global demand will probably keep growing. The smart strategy would be to start reorienting our infrastructure to build a less oil-dependent country. Psychology has nothing to do with it.