RIYADH, Saudi Arabia - President Bush warned Tuesday that surging oil prices threaten the U.S. economy and urged OPEC nations to boost their output. His plea drew little sympathy from oil-rich Saudi Arabia, which said production levels appear normal…
He promised to tell Saudi King Abdullah that American families are being hurt by oil prices that have topped $100 a barrel, more than three times what they were when he took office…
In public, the same Bush whose early career was in the Texas oilfields and who said during his 2000 presidential campaign that the president must "jawbone" oil-producing nations to drop rates had been silent about the issue on this eight-day trip until Tuesday.
Well, that's not much of a surprise, is it? I mean, he didn't do anything he promised in his 2000 presidential campaign.
He raised the subject here, in the country with the world's largest supply of oil, during a morning meeting with Saudi business leaders, saying oil prices were very high and "tough on our economy." He spoke more directly, but still gently, in an afternoon meeting with reporters who were unexpectedly summoned to the guest palace where he stayed one of his two nights.
"I hope that OPEC, if possible, understands that if they could put more supply on the market it would be helpful," he said.
Bush conceded that, in reality, increasing ouput would be difficult. The demand for oil, particularly from China and India, is stretching available supplies, he said. And "a lot of these oil-producing countries are full out" in terms of what they can produce, he said.
Wait a second! I thought refinery capacity was causing high oil prices!
[Bush] urged Congress to pass legislation to help homeowners refinance. Bush also called for expanding petroleum refining capacity and exploring for energy in "environmentally friendly ways."
"We have got to understand that if we are worried about gasoline prices, we ought to expand refineries here in the United States, and we ought to explore for oil and gas in environmentally friendly ways in the United States," he said.
But, gee, if there's no surplus on the market, and crude is selling for $100 a barrel, how would being able to refine more of it substantially lower gas prices?
The answer is: it wouldn't.
Bush has been pushing that bullshit on us since gasoline was $1.50 a gallon. And it doesn't have anything to do with cheaper gasoline. It has to do with gutting the Clean Air Act.
Why do reporters keep humoring this loser like he's some kind of Oracle when it comes to economics, and diplomacy, and our American government?
He doesn't know anything. He's like some stupid looking parrot prop on a pirate's shoulder in a made for TV movie that squawks bizarre jibberish for comic relief.
After seven years, just address him with the respect he's earned:
"Hey, monkey, say something funny for the camera!"