McCain wants to lift ban on offshore drilling

CNN:

"The stakes are high for our citizens and for our economy," McCain said at a press conference Tuesday in Houston, Texas.

"And with gasoline running at more than $4 a barrel ... a gallon ... I wish ... $4 a gallon, many do not have the luxury of waiting on the far-off plans of futurists and politicians," he said.

"We have proven oil reserves of at least 21 billion barrels in the United States. But a broad federal moratorium stands in the way of energy exploration and production. And I believe it is time for the federal government to lift these restrictions and to put our own reserves to use."