"Energy costs are a top concern of Business Roundtable member CEOs, and we agree with President Bush that while today's energy challenges are not insurmountable, there are no quick fixes. Long-term progress requires balanced and integrated approaches that take advantage of all promising energy improvement possibilities.

"With the expansion of worldwide growth, there will continue to be greater demand for energy, more pressure on supply, and further need to address climate change. As a result, the need for coordinated cooperation amongst developed and developing countries is paramount.

"To ensure sustained prosperity for America's citizens, communities and companies, we must: aggressively pursue more domestic oil and gas production; renew our commitment to conservation and energy efficiency; continue to support renewables, the fuels of the future; and develop the technologies needed to address the climate challenge.

"We look forward to continuing our work with the president and Congress to address our most pressing energy needs in an environmentally and economically sustainable manner," said Harold McGraw III, chairman of Business Roundtable and chairman, president and CEO of The McGraw-Hill Companies. For more information on Business Roundtable's position on expanding domestic energy supply, please click here to view its energy report, More Diverse, More Domestic, More Efficient.