No Oil For You

For the second time in four months, Saudi officials rejected President Bush's request to boost oil production. The idea is simple, more oil supply is supposed to drive down our gasoline prices.
I think the President gave his best pitch to the Saudis when he said; "I said very plainly, I said you've got to be concerned about the effects of high oil prices on some of the biggest customers in the world, and, not only that, of course high energy prices is going to cause countries like mine to accelerate our move towards alternative energy." The reason that the President's statement did not sway our oil rich friends is twofold. First, the Saudis don't care about the economies of the world, and they are making a bundle off of the high oil prices. Second, the Saudis know that even a serious push for alternative energy would take many years. Bush said that the short term solution to our oil crisis is to boost domestic production, and I agree. He criticized the Democrats opposition to drilling for oil in the Alaska National Wildlife Refuge. He also wants more offshore drilling, more nuclear power and more U.S. refineries. In reading my Blog, you will see a great deal of concern for the environment. We may have to consider easing some of the above restrictions because a lot of Americans are really suffering due to the price of oil.


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