Quote:
Originally Posted by kstar
This is what is bugging me more than anything:
When gas prices were rising when Clinton was in office, he released some of the federal oil reserves, lowering the price. It actually ended up making the gov. some money, as he then turned around and bought them back at the now lower price. Why hasn't Bush done this? Oh yeah, he likes his oil buddies having record profits.
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It's a quick fix, it'd work for a couple of weeks, but then they would cut it off, or run out, and you're right back where you started. There are two ways to fix the problem, the dollar must strengthen in the global market, or OPEC has to agree to produce more oil per day.
ETA: We have stopped putting oil in the reserve, but you see it hasn't helped at all.