President Bush tells the world that more oil is on the waya nd cheaper gas is just around the corner.  His?
543739
i wouldn't expect anyone in the oil business to do anything to change the industry (although bush HAS passed a law stating that government vehicles must be equipped to use ethanol as an alternate fuel). it is really up to americans to change what they use, because the oil industry is entrenched and will not check themselves -- business just doesn't work that way. republicans hate to have government make the people do anything, so the likelihood of us passing laws such as those in Brazil are slim to none. I am personally just going to buy a flex car and run it on ethanol. No more petroleum fuel for me. E85 is produced without the use of petro-products, is home-grown, and is cleaner and better for the car anyway and the same price and soon to be less.
1147879
Basically it comes down to supply and demand.  There is increasing demand for oil (mostly from developing countries like China and India, but demand in the US is increasing also).  OPEC is already producing near its capacity, coupled with no relatively new oil refineries having been built, this causes the an increasing demand against a slower (negligible) increase in supply of the refined oil used for gasoline.   Hurricane Katrina knocked out some production capacity which is still not completely up and running.  Also there are other less significant reasons such as the changing of fuel additives from mtbe to ethanol (this has been done for environmental reasons).  To put a few non-truths to bed...  The oil companies were NOT found to be doing any price gouging (illegally increasing prices beyond unreasonable economic fundamentals).  Second, everyone wants to blame President Bush for increasing prices when in fact he no longer has any personal investments in oil companies(he did this specifically to discredit these accusation most likely); in fact President Bush has probably more to lose from high oil prices than any other single individual alive.  He wants a strong economy, with little inflation and needs that help for party elections this fall.  If you want a specific group of people to blame, you should look at commodity traders themselves, they are the ones who control the international price changes from day to day and are the ones who fear supply disruptions (such as the one that occured in Africa, threats from Iran and Venezuela recently) and terrorists act which affect the flow of oil (the so called terror premium).
612855
Is this on Bush's list?\nMaybe he should make a test first, nuking, let's say, Texas, to see if you can actually see the oil.\n\n(just sarcasm, no offense meant)
1168910
There is definitely a crisis. Energy demand continues to rise much faster than supply can compensate and to top it all off we are quickly approaching the limit of all cheaply available petroleum.
425194
Global oil production is about to peak.  Supply will go down, demand up.  This equals economic ruin.  It is easier to kill others on far away soil for oil, than it is to ask Americans to consume less.\n\nBush's agenda:  secure oil so Americans can continue to be obese SUV drivers while the rest of the world fights for the scraps.  Do this at all costs.  "Our way of life is not negotiable." G.W.Bush
418956
my thoughts exactly. i heard him say today that he is opening up the wildlife for more oil drilling. i thought yeah you would since he would make a profit off it because of the family oil business
365479
At some point (are we already there?) we will hit what is called peak oil, meaning we will pump more oil that year than was ever pumped or will ever be again.  Then, unfortunately, things will get scary as we are compteting with India and China for oil.  What happens if China makes a move on the oil fields in the middle east?  Are we going to go to war for it?  This doesn't have to come about if our government actually plans for this by funding research into alternative fuel sources.  We can't wait for government, though.  We can change the way we live - enough with the SUVs, turn your heat down, ride (God forbid, if you're an American!) your bike to the store, ect.  Small changes can actually add up if we all do it...or even if 10% of us do.  The key is starting now...not when its already a crisis.
351378
well see we have this thing nowadays that bush wants lots of, money and oil, he will stop at nothin to get it
958839
Gas prices will go down when Bush is gone! Dems. don't have oil buddies they are trying to make rich!
1125603
President Bush was put in a situation that no President has been in in a long time (Pearl Harbor)--when the United States was attacked on their own soil. We take for granted that we are surrounded by the ocean and idiots (Canada, Mexico, and Cuba, for example.) We had to send a message to the world that the United States will not sit around and be attacked. While the gas prices have jumped considerably since his Presidency started, it isn't entirely his fault. He has tried to drill in Alaska for oil but the Democrats will not let him. While he may have a big stake in the gas and oil industry, he certainly doesn't need the extra money from it. I would say that for all that he has had to deal with he has done a tremendous job.
548514
bacause BUSH OWNS THE OIL IN TEXAS...I think we should be looking at how much the gas "went up" over the world...I bet it hasn't and we are the only ones who are dealing with this...It is NOT the oil companies from iraq or overseas...it is from right here in the USA!!
508137
nice name screen name thing. hmmmm well bush is stupid and likes the oil over there and there have been rumors that he ordered 9/11 to happen.
612883
Yes. He is destroying everything with his need to drill oil. Bush should take that 300 billion, wipe his a$$, and invest in some alternate energy!!
761799
We haven't gotten the oil flowing yet.  Halliburton hasn't made enough money yet.  The troops will be there until at least the end of Bush's administration (and that end can't come fast enough!).
167453
In that speech he was talking about new forms of energy so to reduce the USA's dependency on oil.  He mentioned a longer-life battery for electric cars.  But sinch Mr. Bush is largely a self-seeking fraud, it's hard to know what is true or not.  He's done nothing right so far.
359795
The country has oil, be aware, very aware Bush is shopping for just such a state. We will do Iran first though, they have more oil
738995
Not just no, but Hell No!!!   There isn't all  that much oil there to begin with and after all that digging to install pipelines and so on think what that will do to the environment.  And hopefully, within 10 years, now that we have a Democratic Congress which isn't in the pocket of Big Oil, maybe we can find some alternative fuel sources - this is one of the goals of the Democrats.....to encourage and promote alternative sources of fuel.  Allowing the drilling there was just for Bush and Cheney's buddies so they could make more money - like the oil companies don't make enough money.