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.


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