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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (162346)	7/19/2001 12:38:53 AM
From: Peter O'Brien	Read Replies (1) \| Respond to of 769670

Are you saying that my chart is wrong? It clearly shows the price of oil peaking at $35 per barrel right before Bush's election. It is now down to about $25 per barrel. How do you explain this?

To: American Spirit who wrote (162346)	7/19/2001 1:20:58 AM
From: SecularBull	Respond to of 769670

The price of oil??? How about gasoline, dufus... Here's a primer, dufus: Oil must be refined to become gasoline (among many other byproducts). With refineries running at or near capacity, supplies of gasoline run low while demand remains high. This drives up prices (see Econ 101). 8 years of no worthwhile energy policy in the US during the 90s created a situation where needed refineries were not being approved due to government red tape. The incompetence of the Clinton energy policy landed us in a situation where prices drift higher and higher. It is not gouging you fool. It is a lack of refining capacity, coupled with rising oil prices (also a partial product of Clinton's failed energy policy wrt OPEC), and seasonal demand. Wake up and smell the coffee, dufus. ~SB~