What has he done to prevent this high oil price?

1.  Bush has not taken control of the Iraqi oil fields.

2.  Bush has not invaded and taken over the Saudi oil fields.

3.  Bush has not invaded and taken over the Iranian oil fields.

4.  Bush has not started drilling for oil in new USA areas such as ANWAR

5.  Bush has not invaded China and stopped their demand for oil.

6.  Bush has not built any new nuclear plants.

Yep,  its all Bush's fault.

//mjs

Continuing:

7.  Bush has not suspended environmetal regulations which require refineries to produce over 20 different blends of gasoline.

8.  Bush has not suspended environmental regulations which require ues of additives that reduce fuel economy.

Yep,  still Bush's fault.

 

Bush has not stopped to buy more oil to increase the strategic reserves, he stick with his plan to full all the storage capacity.

He never asked to use natural gas.

He never tried to pass any law that would reduce fuel consumption.

He never ask to the factories to produce cars that really  spend  less fuel. 

Every day in China 2,000 NEW CARS hit the streets.  Every day.  Every 7 to 14 days or so a new coal power plant goes on line in china.  Skyscrapers are being built in china by the hundreds every year.  The growth in china is like the world has NEVER SEEN.  The energy demands of the world are growing and will continue to grow. The days of blaming the US for all the worlds ills are nearly over.  China is set to pass the US in carbon emissions.  For every thing you can do to save energy....it's absolutely SWAMPED by the increased carbon emissions in the rest of the world.

And you think Bush needs to tax oil to save us?  To punish oil companies or drain our reserves and increasing global demand will evaporate?  Well, it's hard to know if you think at all because you haven't said anything.

The end is inevitable.  The far left which drives the US agenda these days will have to allow the US to use more CARBON FREE nuclear power.  And then we will use that carbon free power to CHARGE our cars.

 In the end, cars will be charged.  Drive home, plug them in, it's ready in the morning.  Plug it in at work, ready to go home at night.  And in the end, the hard core, hateful, radicalized, brain-dead left will finally relent and allow the US to put in the nuclear power plants to save the planet and give us clean energy with which to charge our cars and heat and cool our homes.

 

Bush did pass a bill to increase fuel mileage.  You are ill informed, obviously.

Stephen, I thought it was the Congress. But that bill is too weak and the term is too long.

Robertts-

Adding oil to the strategic petroleum reserve will not make one bit of difference to the price of oil.  At maximum, they can put in 20,000 barrels of oil per day.  That is a drop in the bucket. 

Stephenl is correct.  The price of oil is being increased by speculators for two reasons- the growth of China (and a lesser extent, India) as well as the depreciating dollar. 

There is not much the US can do about the growth of China.  Even slowing the importation of their goods, which is already happening, will not do much since they have a burgeoning middle class of 300 million. 

What will bring the price of oil back up will be when the domestic economy begins growing at its long term rate again (roughly 3%) towards the end of the year.  This will allow the Fed to begin raising interest rates creating a inflow of capital.  That, combined with the lagged slowing of the European economies (yes, they CAN grow slower!) will bouy the dollar back up and the price of oil down.  The fundamental price of a barrel of oil is in the $75-$90 range so i would expect to see us test the $100 mark again by sometime later this year. 

Roberts, this may be news to you, the president gets to sign or veto.

Roberts, what may also be news to you, is that the democratic congress passed was a DEATH BILL. Get that?  It was stupid, it was ignorant, it was bad for the environment, and it's KILLING PEOPLE to boot!   And you all took a big bow for "doing something". Yeah, doing something STUPID>

 

It' push's for more FOOD TO FUEL.  Massive increases in ethanol form sugar cane and corn.  People are dying around the world because the US is putting their food into our gas tanks.  Carbon sinks are being powed under to grow crops for ethanol. The enviornment is suffering.  The democrats really blew it badly.  And many of us were SCREAMING at them to NOT ADD ETHANOL to the standard bill.  They didn't listen. Corrupt democrats are pandering to voters and pandering to big business to profit from ethanol and they didn't care if it was worse for the enviornment and they didn't care that it would kill people around the globe.

 Now all three candidates for the White House are saying the ethanol bill was a mistake. Duhhhhh!  They were told.  I know it because I wrote all of them.  They didn't care.  The UN was BEGGING nations to stop turning food to fuel. Scientests were coming out against it all over the planet declaring it was bad for the environment.  But the mood of the day was that anything we pass will be "good for global warming".....even if it makes it worse!!!

You want your party to take all the credit for that stupid DEATH BILL?  Well, I'm sorry. But unlike you I am more unbiased.   I blame democrats, I blame republicans, I blame Obama, Hillary, and McCain for pandering to ignorant, radicalized voters who are willing to destroy the world to save us from the "global warming" boogie man.

 
But if you say that bit of stupidity was your party which controls congress.....heck, take a boy, people are dying everywhere and the rain forest is coming down to grow fuel for your gas tank.  To stop your junk science global warming disaster...by creating more global warming greenhouse gases not less.
 

Governor, I consider that the oil that is increasing the strategic reserves is more important than you think. About the volume, I read it ca be 70000 barrels a day. This  has a psychological importance. Several interpretations.  "We can increase the oil price more and more, there's no problem, Bush is in our side, notice that he refuses even to stop to buy to increase those strategic reserves, even with that prices. It's a clear sign that he want that the prices increase more and more.  There's no problem if we increase the prices more and more, Mohammed." Couldn't a sheik say this?

Continuation of the sheik's conversation: "you must undrstand it, Mohammed, when he ask us to produce more to control the high prices, he is playing for the voters. If he really want lower prices, the first thing he would do would be to stop to increase the strategid reserves. Don't be afraid, Mohammed, we can limit production and increase the price and he will be happy. Don't worry with what Bush says, it's only for his voters's ears."