Bush forced to act on gas prices | Arkansas Blog

Tuesday, April 25, 2006

Bush forced to act on gas prices

Posted By on Tue, Apr 25, 2006 at 11:24 AM

OK, OK, I'll do something.

Under pressure from angry drivers and leaders in both political parties, President Bush said today he was taking steps to at least slow the rising price of gasoline.

He said that deposits of oil in the nation's strategic petroleum reserve would be halted for the summer to increase supplies available to the public.

Mr. Bush also said the Federal Trade Commission and Department of Justice would investigate whether anyone has been manipulating gasoline prices, but said the main reason for higher prices was overall growing demand for oil which "reflects the global economy."

Happy now?

ADDENDUM: Here is what President Bush had to say when he was a candidate in the 2000 election:

The Strategic Reserve is an insurance policy meant for a sudden disruption of our energy supply or for war. Strategic Reserve should not be used as an attempt to drive down oil prices right before an election. It should not be used for short-term political gain at the cost of long-term national security.


Favorite

Comments (52)

Showing 1-50 of 52

Add a comment

 
Subscribe to this thread:
Showing 1-50 of 52

Add a comment

More by Warwick Sabin

  • Helena's disappearing buildings

    Preservationists hope to slow demolitions.
    • Mar 22, 2007
  • Trailers headed to Dumas

    Gov. Mike Beebe issued the following statement earlier today: Although this decision by FEMA to deny emergency funds to Desha County defies common sense, Arkansas will take care of its own people.
    • Mar 9, 2007
  • Youth Ranch robbed, vandalized

    According to a press release we just received: The Donald W. Reynolds Campus of the Arkansas Sheriff’s Youth Ranches (The Ranch) located near Fort Smith was vandalized overnight Thursday.  Items stolen during the break-in included all of the children’s saddles, food, tools and supplies from The Ranch’s carpentry shop and all equipment from its auto shop.  An investigation is underway with the Crawford County Sheriff’s Office.
    • Mar 9, 2007
  • More »

Readers also liked…

Slideshows

  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation