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Oil at $50 a barrel

this is a discussion within the NOLA Community Forum; Oil is now going at historic highs that we'll all be paying at the gas pump. http://money.cnn.com/2004/09/27/mark...ex.htm?cnn=yes What I think the president ought to do is get on the phone with the OPEC cartel and say we expect you to ...

 
 
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Old 09-27-2004, 06:05 PM   #1
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Oil at $50 a barrel

Oil is now going at historic highs that we'll all be paying at the gas pump.

http://money.cnn.com/2004/09/27/mark...ex.htm?cnn=yes

What I think the president ought to do is get on the phone with the OPEC cartel and say we expect you to open your spigots. One reason why the price is so high is because the price of crude oil has been driven up. OPEC has gotten its supply act together and it’s driving the price, like it did in the past. And the president must jawbone OPEC members to lower the price. And if in fact there is collusion amongst big oil, he ought to intercede there as well. Governor George W Bush, 2000
http://www.issues2000.org/Archive/GO..._+_Economy.htm

The expensive oil that Bush was talking about in 2000 was going for $28 a barrel. Doesn't seem like there is much "jawbone-ing" going on from the white house right now that oil is nearly double the price.

I'm not real excited about paying $2-3 a gallon this winter.

:kerry:

"If ignorance ever goes to $40 a barrel, I want the drilling rights to George Bush's head."
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