Let's put every link to anything like this in Poppy's library.
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1999: World Oil Said Bush Would Be the Perfect Presidential Candidate to Deal With Low Oil Prices.
In 1999, World Oil wrote that Bush "would be well aware of the fact that oil prices have collapsed" and "would seem to be the perfect individual to lead the charge in doing something about the [low] price of oil." The editorial said one possibility was that Bush and his father could persuade the Middle East to hold production, increasing prices, and that if Bush was successful in increasing the price of oil, "he could parlay his actions into substantial contributions." [World Oil, 2/99]
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1999: Cheney Praised OPEC Production Cuts That Raised Oil Prices.
According to the Associated Press in March 1999, "OPEC members agreed today to cut crude oil production by 2.1 million barrels a day and maintain lower levels of output for a full year starting April 1, oil ministers said. The group of 11 oil producing nations approved the cuts in an effort to strengthen prices and end a global oil glut." Then-Halliburton CEO Dick Cheney praised OPEC's decision. "I've been struck by the extent OPEC seems to have gotten its act together," said Cheney. [Dow Jones, 4/12/99; Mickey Kaus, Slate, 7/28/00; AP Online, 3/23/99]
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1999: Bush Seeks to Bail Out Oil Industry, Declares Tax Break "Emergency," to Deal With Low Oil Prices.
On February 2, 1999, Bush designated a temporary $45 million tax break to low-production oil wells as an "emergency" so that it could be taken up without delay by in the state legislature. Due to plummeting oil prices, the bill was targeted to keep "small, semi-productive wells open." However, the Texas Railroad Commission released statistics showing that "the largest 34 well operators make up less than one percent of the state's oil producers but control 25 percent of wells eligible for the tax exemption." [Dallas Morning News, 2/3/99; Dallas Morning News, 3/12/99]
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1992: Bush Wrote Letter to His Father's Chief of Staff to Try to Remove Tax to Boost Oil Prices.
In 1992, Bush wrote a letter to the chief-of-staff for his then-President father on behalf of oil producers when they were trying to get a tax on drilling removed to help boost sagging prices. [Associated Press, 6/24/00; letter from George W. Bush to Sam Skinner, 1/10/92]
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1987: Cheney Fought on Behalf of Oil Companies to Raise Oil Prices.
In 1987, Cheney introduced the Energy Security Policy Act and fought on behalf of oil companies to "raise [oil] prices now." The bill imposed a fee on oil imports in an effort to stimulate domestic oil exploration and production. On the floor of the House, Cheney said, "Low world oil prices... have made the United States much reliant on imported supplies.... Unless we take action to raise prices now, through the action of an oil import fee, it will be too late to do so when prices rise.... To restore ability to oil pricing, I introduce today the Energy Security Policy Act. It would impose a variable fee on imported oil and petroleum products, which would be triggered whenever the price of oil drops below $24 a barrel. [Congressional Record, 2/10/87, 3273-74]
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"anybody but bush" ... thinks GOP = gouge our people |
