Price of oil when Bush took office - $30 a barrel.?

Is there any stronger indictment of this administration than simply the fact that they could do nothing while oil quadrupled in price? It is currently $130 a barrel.


Has demand quadrupled? No!


Meanwhile, the oil companies are posting historic profits (Exxon $30 billion last year, for example) and Bush is still extending them tax breaks!


What a sick joke on us all.Price of oil when Bush took office - $30 a barrel.?
Bill Clinton vetoed a bill to drill in anwar. There is more oil there than there is in Saudi Arabia and we can't touch it.





By the way oil demand has nearly quadrupled in the last eight years, it is not only our demand you have to look at but the world demand.Price of oil when Bush took office - $30 a barrel.?
Oil is a commodity, traded on the open market, Thus many things factor in to how much a gallon of gas costs. The weakened dollar, the fact no new refineries have been built, the lack of drilling all have minor influences on why it is so expensive.





The real thing that drive price is perception, if the commodity buying public thinks their will be a shortage, the price will go up, ir they think there will be a glut, it will go down.





So when a news story talks about how a refinery has had to shut down, this fuels speculation, when the Saudis say they will not increased output, this fuels demand, when China and India come out of the dark ages and decide to start buying this fuels demand.





But when all is said and done, outside of the middle east and Venezuela, we still have the lowest fuel prices in the world. England is paying $9.00 a gallon, Franc $10.00 a gallon. This is taking into account the conversion from imperial gallons. So we pay less then half of what they are paying.





And now the Democratic congress pushed forward the use of Ethanol without fully understanding its effect on the rest of the economy.





So go ahead blame Bush, after all he is the president, but Blame Clinton and Blame the Democrats and Blame the Republicans, for each has done their own bit to make sure we have stayed dependent on Oil.





We need real Oil alternatives, we need Solar, wind and above all else we need Nuclear. These things could go miles reducing our dependencies and releasing the strangle hold oil has on us.





Also remember this, Oil supply is finite, every expert agrees on this point. There is disagreement on how much more there is but they do know it is not infinite. ANWR has maybe enough oil to last 5 years, it is not the solution to our woes.
That's like asking why was oil $2 a barrel in the 1800's and $30 while Clinton ???











Tell me why in Europe the gallon of gas is $9 ???????


Is that Bush's fault also ????????????





The oil crisis is a world problem and not an American Problem or Bush's fault !





We either start Drilling


or take over an oil producing nation


or pay $$$$ for the oil


or start inventing technologies that don't need oil
It's great, isn't it? Bush likes to blame us, and our ';addiction'; to oil.





Fact is, other countries have figured out alternative ways to fuel their vehicles and heat their houses. Why are we so far behind?





The average citizen - the ones he accuses of having the ';addiction'; - has NO control over research into alternative fuel sources, but Congress and the President sure DO have some control over funding it.





So why haven't they?
The price of oil was $60.00 a barrel in early 2007. When the democratic controlled congress took over. Up until that time the rise was only double, in 7 years, now it has doubled in one year thanks to this congress. Kind of makes you think doesn't it.





http://en.wikipedia.org/wiki/Oil_price_i鈥?/a>
Get it straight, bush does not control the price of oil. If you want to see what drives the price increases look at speculators in the market. Plus high demand from other Countries. Bush tried to pass a comprehensive energy plan in 2002. Shot down by Liberal fear mongering. From what I see the price of gas didn't start climbing until the Democrats took control of congress. Something you chose to ignore in your tirade.
well we moved all manufacturing to other countries so they can make more profit .for them to make our goods they need oil to run their buildings and run utilities .so thay pay any thing to keep their factories going because of profit margins .so they buy oil and in the price they make the world's goods .check the price of some of the Middle East gas prices .don't matter where,the price about the same to produce gasoline from oil .
You want to blame Bush. Which party blocked the drilling for new oil and the building of more refineries in the United States.


http://www.fredericksburg.com/News/FLS/2鈥?/a>


http://gatewaypundit.blogspot.com/2006/0鈥?/a>


Now I hate to burst your Democratic bubble but these are the


facts that the Democrats don't want people to know.
And yet some here still defend him. Here are a few corrections. There is NOT more oil in ANWR than Arabia. There is about a years worth of oil. World demand does NOT shoot up in a few short years. It happens gradually over many years. And Europe is paying $9 for gas because ALL their oil is imported. They have always paid more then us. There is NO ban on new refineries and drilling. Only environmental regulations that Big Oil does not want to follow.
Worldwide demand has increased, albeit not quadrupled. Supply has falled quite sharply, due to Peak Oil. So there is an economic explanation.
Yep, Bush is all about giveaways to Big Oil...





http://www.usatoday.com/money/energy/200鈥?/a>
Price of oil when the Democrats took over congress $67 a barrell, unemployment rate 4%, stock market 1400, and your point would be?
Yes - I've asked this question also. When Clinton took office oil was $20 a barrel - and guess what it was when he left: $20 a barrel.
As much as I dislike Bush, it's really not his fault. We had gas shortages back in 1973 and 1979. Why wasn't there a sense of urgency to develop alternative and renewable fuel sources back then?
Just another ';Mission Accomplished'; for boy George.
Yes it was.





In your world the Environmentalist Lobby is completely off the hook I guess.
And there are still some out there that think he is A.O.K..


The dumbing down of America continues.
Your logic is flawed.
i know little about barrels of oil. what i do know it that gasoline is well over four dollars a gallon here (and diesel is five!). last year at this time it was three! a thirty percent jump in twelve months.





if bush has done nothing else, he has improved the family stock portfolio.
If you have paid very close attention, you will see that the price of oil increased only moderately during Bush's first term. When he was re-elected in 2004, his oil buddies knew that this would be the last oil barron in the white house and that they better get what they can get now.