The "drill, baby, drill" mantra reflects increased support for domestic oil production in the U.S., but it can go beyond offshore drilling, according to this article. In the near term, the greatest gains probably can be made through enhanced oil-recovery technology, while potential undiscovered offshore reserves and oil-shale extraction may offer the greatest gains in the long run. "We have significant oil and natural gas resources here in the United States," said API senior policy adviser Richard Ranger.

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