This could truly be a defining moment for his presidency or, depending on what he does, empty promises.

We need something. There are bills that would totally lift the moratorium and the lease sale area has always been problematic. This bill greatly expands protections that Florida and the rest of the country currently has in place and also addresses the problems of the existing 90 or so leases.

Richard Nixon went to China, and Ronald Reagan sat down with the Russians. Today President Bush has the same kind of opportunity to change his course. But it will take more than just a speech to do it.

If Saudi Arabia decides to disrupt the global economy, we'll still feel it, even if we're not buying from them.

It's so far in the future that it's not something you can hang your hat on right now.

This could be a defining moment for his presidency, or it could be empty rhetoric.

Bush is starting to hear from a lot of different sources that oil is a big problem, and it's time to do something about it.

The Senate caved in to oil and gas companies that are rolling in record profits.

I have to say we were thrilled to hear him finally admit we have an oil-addiction problem. Depending on what he does, this could be a defining moment of his presidency. Or it could be rhetoric.