Bush’s Solution To Gas Prices May Need Tweaking
(Pictured: George W. Bush jawboning the Saudis.)
George W. Bush, 1/26/2000:
"What I think the president ought to do [when gas prices spike] is he ought to get on the phone with the OPEC cartel and say we expect you to open your spigots…And the president of the United States must jawbone OPEC members to lower the price."
Oil prices reached a record close, surging above $104 a barrel after OPEC decided Wednesday to keep its production unchanged. The cartel ignored calls from President Bush to pump more oil into an ailing economy.
Incidentally, when Big Texas Oilman Bush was ankle-biting Clinton/Gore on gas prices in January 2000, crude oil was at $27 a barrell.
It’s now $104.52.