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April 25, 2006

Bush Was BUYing Oil At These Prices!

-- by Dave Johnson

The news in Bush Eases Environmental Rules on Gasoline is worse than you think.

First the bad news,

President Bush on Tuesday ordered a temporary suspension of environmental rules for gasoline...
Making it sound to the public like protecting the environment hurts regular people...

Now the worse news,

He also halted for the summer the purchase of crude oil for the government's emergency reserve.
The reason this is such bad news is this means the Bush WAS BUYING OIL UNTIL NOW at these inflated prices, driving prices up even higher, pumping government money to the oil companies and Saudis!!!!!

This also means, by the way, the perception that oil prices are dropping just as the election approaches.

Posted by Dave Johnson at April 25, 2006 9:05 AM

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I gather that it costs the Saudis roughly $1.29 a barrel to produce that oil. Need I add any comments about this?

Posted by: MJ [TypeKey Profile Page] at April 26, 2006 6:04 AM

MJ that may be true, but the majority of the cost of the oil comes from refining and transportation. it's gotta be taken out of the middle of some godforsaken desert and into the SUVs of suburbia and there's lots of steps involved there that cost money.

Posted by: almostinfamous [TypeKey Profile Page] at May 1, 2006 8:15 AM

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