
Gov. George W. Bush of Texas said today that if he was president, he would bring down gasoline prices through sheer force of personality, by creating enough political good will with oil-producing nations that they would increase their supply of crude.
”I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply,” Mr. Bush, the presumptive Republican candidate for president, told reporters here today. ”Use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them to open up the spigot.” — New York Times, June 28, 2000 (via)
Average price per gallon of gasoline in July, 2000 = $1.59
Average price per gallon of gasoline in May, 2008 = $3.80
Saudi Arabia’s leaders made clear Friday they see no reason to increase oil production until customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.
It was Bush’s second personal appeal this year to King Abdullah, head of the monarchy that rules this desert kingdom that is a longtime prime U.S. ally and home to the world’s largest oil reserves. But Saudi officials stuck to their position that they will only pump more oil into the system when asked to by buyers, something they say is not happening now, the president’s national security adviser told reporters. — Associated Press, May 16, 2008
Well, on the positive side, there’s finally a list where it’s just as well that the U.S. isn’t Number One: we are #108 on the list of highest retail price per gallon for gasoline
Mission accomplished, eh George?
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