Saturday - May 17, 2008
A drop in the bucket
SHARM EL-SHEIK, Egypt - President Bush said Saturday that the Saudis’ modest increase in oil production is “something but it doesn’t solve our problem” of soaring gas prices.
Taking note of the kingdom’s recent decision to raise production by 300,000 barrels a day, the president said the United States must act, too, to ease the gasoline crisis. He mentioned steps such as developing alternate fuels, improving conservation and expanding domestic exploration.
“We’ve got to do more at home,” the president said on a lawn of a resort overlooking the Red Sea. He spoke after a private meeting with Afghanistan President Hamid Karzai.
Bush said he told Saudi King Abdullah during their talks on Friday that the king should be concerned that high energy prices are hurting some of Saudi Arabia’s biggest oil customers, including the United States.
The kingdom decided May 10 on the production increase to help meet U.S. needs after Venezuela and Mexico cut back on oil deliveries. Oil minister Ali al-Naimi made that announcement Friday.
“One of the interesting things about American politics is, those who are screaming the loudest for increased production from Saudi Arabia are the very same people who are the fighting the fiercest against domestic exploration, against the development of nuclear power and against expanding refining capacity,” Bush told reporters.
“So I was pleased they had increased production by 300,000, but I’m also realistic [ ed.: enough of a realist ] to say to the American people, we’ve got to do more at home,” the president said.
As gas prices keep climbing, Bush is promoting moves that long have been part of his agenda. They include opening a coastal strip of the Arctic National Wildlife Refuge in Alaska to oil exploration and production and making it easier to build new oil refineries and nuclear power plants in the United States.
All those ideas have been stymied in Congress, and critics say Bush’s approach would not offer short-term relief to families.
Posted by Drew458
on 05/17/2008 at 09:17 AM
Filed Under: • Oil, Alternative Energy, and Gas Prices •
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It's been a long strange trip without you Skipper, but thanks for pointing us in the right direction and giving us a swift kick in the behind to get us going. Keep lookin' down on us, will ya? Thanks.
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Oh, and here's some kind of visitor flag counter thingy. Hey, all the cool blogs have one, so I should too. The Visitors Online thingy up at the top doesn't count anything, but it looks neat. It had better, since I paid actual money for it.
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