PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: asenna1 who wrote (167087)	8/2/2001 2:30:52 PM
From: H-Man	Read Replies (1) of 769669

Unless we increase supply and production capacity you will continue wild spikes and steady increases in NG oil and gasoline prices. Count on it. We have dramatically increased demand without increasing supply. Simple economics. Conservation cannot keep with the increased demand, that has been proven. It would be quite foolish to look at a few weeks prices and make some conclusion about long term direction. Continuing to rely on OPEC is just plain foolish. Gasoline refining capacity is constrained and fragile. One plant goes down and you will see similar spikes again.

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