President Bush CBS News White House Correspondent Bill Plante reports on the president's energy statements. CBS News Chief White House Correspondent John Roberts reports. With the summer driving and power crunch just weeks away, the president said the long-term solution is to build more refineries and power plants. For now, reports CBS News Correspondent Bill Plante, the tax cut is all Mr. Bush has to offer hard-pressed consumers. It won't go far.
Democrats scoff at the president's assertion that the tax cut is all that's needed.
Bush said Saturday that conservation was a key element of his administration's energy strategy, which will be unveiled this week, and that he would recommend investing in new and better ways to save energy. In his weekly radio address, Bush gave a few hints of some of the elements in his national energy strategy, which will be rolled out Thursday by Bush and Vice President Dick Cheney. This week, we will introduce a comprehensive energy plan to help bring new supplies of energy to the market, and we will be encouraging Americans to use more wisely the energy supplies that exist today. Green groups have been gearing up to fight the White house plan because they say it focuses too heavily on new drilling on federal lands. Bush and Cheney, who has also worked in the oil business, received big campaign contributions from energy firms during last year's presidential election.