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CONTRACTORS APPLAUD ADMINISTRATION'S CALL TO BOOST OIL SUPPLY

June 18, 2008

Washington, D.C. — The nation's largest construction trade association today applauded President Bush's proposal to increase domestic oil supply. The Associated General Contractors of America (AGC), representing more than 33,000 members nationwide, announced its support for the Administration's proposal to expand opportunities for domestic energy production.

"The President's announcement underscores the basic truth that we cannot reduce our reliance on foreign oil without increasing domestic production," noted Stephen E. Sandherr, AGC's Chief Executive Officer.

The Associated General Contractors of America (AGC) is the largest and oldest national construction trade association in the United States. AGC represents 33,000 firms, including 7,500 of America's leading general contractors and 12,500 specialty–contracting firms. More than 13,000 service providers and suppliers are associated with AGC through a nationwide network of chapters. Visit the AGC Web site at www.agc.org. AGC members are "Building Your Quality of Life."

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