Sen. Johnson renews call for more US oil drilling - WAOW - Newsline 9, Wausau News, Weather, Sports

Sen. Johnson renews call for more US oil drilling

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MILWAUKEE (AP) -- U.S. Sen. Ron Johnson says one way the U.S. can attack oil prices is by drilling more in Alaska and the Gulf of Mexico.

The Republican freshman told reporters Friday that oil prices were high in part because of monetary policies that contributed to a weak dollar. He says the U.S. should be making better use of domestic resources.

However, he says he doesn't necessarily agree with broad calls to end the $4 billion per year the oil industry receives in taxpayer subsidies. He says some items that are called subsidies are just accounting issues, while others give the industry incentive to do the sort of exploration that could lead to lower prices.

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