bush presses opec not to hurt our economy

bush presses opec not to hurt our economy

``...
WASHINGTON (Reuters) - One day after OPEC (news - web sites)'s surprise decision to cut oil output, President Bush (news - web sites) pressed Saudi Arabia and other cartel members on Thursday not to act in ways that threaten the U.S. economy.

Bush's comments underscored the administration's concerns about the potential impact of higher energy prices on the nation's fragile economic recovery in the run-up to next year's presidential election.

"My reaction is that I would hope our friends in OPEC don't do things that would hurt our economy," Bush told reporters at the White House when asked about OPEC's decision, which could raise fuel costs this winter.

White House spokesman Scott McClellan said the administration was consulting OPEC members, which control half the world's oil trade, and asserted that "market forces" should determine oil prices.

"Oil prices should be determined by market forces so that we can ensure adequate supplies. Producing and consuming countries both have an interest in ample, affordable energy supplies," McClellan said. "Obviously we have ongoing and regular consultations with major oil producers around the world and those continue." ...
...''

Bush begs "our friends" in opec, ``Please don't hurt us. Looky, I'm in favor of a Palestinian state. (heh, heh) Really! Didn't I just threaten to cut Israel's loan guarantees? And I still might, if Ariel says it's OK. And didn't we tell Israel not to kill Yasser? Oh, that UN veto was just for show... Please don't hurt us...''

my ego is pretty frail right now.

OPEC did it!!!

Wasn't me!!

Everything was fine, then OPEC screwed the economy. Time to bombs some more Arabs!!

for Jimmy Carter.

as I recall, i.e., gave the green light for OPEC to jack up their prices. Wonder who else benefitted by this action?

n/t

In fact, the abomination now wending its way through the Congressional Colon explicitly directs the DOT to analyze the economic impact and potential job loss of any improvements in automobile mileage standards.

So, since we just . . . . can't . . . . give . . . . up . . . . our Hummers, we'll just have to ask OPEC pretty please with sugar on top anytime they cut production, please, PLEEEEEEZE don't hurt our economy!

Heaven knows, there's nothing we're doing to hurt our economy.

doesn't mean dick at crunch time. Does this mean
that Carlyle Group is losing some of its influence?
What does that mean for Poppy's portfolio and what
of Marsha!?!?!?!

Stop allowing your energy and oil buddies to ream us

...not really ours?

representative from Iraq :eyes: , voted for it as well. It seems they understand capitalism very well. Isn't it just great that we "liberated them"?

If market forces really were allowed to work in the oil market, a finite resource, where one nation is over-consuming far more than it can, itself produce...you wouldn't like all the extinct SUVs and hummers Bushy...

If allowed to work, TRUE MARKET FORCES would foster in an era of sustainable resource use, conservation and practical and pragmatic exploitation of this finite resource.

The truth is, gas/oil is priced BELOW market equilibrium so as to inspire over-consumption of the resource, inspiring more purchases of bigger gas guzzling SUVs-that drive far higher profit margins than smaller cars. The truth of the matter is...For every barrell of oil used, that is one barrell we will never get back. BY THE VERY NATURE of market economics, the cost of oil should always be pressing to be on the rise and should only be curtailed upon a requisite decrease in demand.

It's a sham...a complete and total sham.

of petroleum extraction, refinement, transportation and use on all of our other natural resources, public goods and the public health. Add those into the equation proper and we're talking serious national subsidization- both direct and indirect of the oil market.

Think about that next time you fill up the gas tank.

I can't wait to see what contortions he puts himself into now to try to turn back the world's backlash....

DemEx

Punk ass punk. What a dipshit.

Every single friggin thing he touches turns to crap.

Pretty damned pathetic.

with SA and the recent poppy trip to Russia? Anyone NOT see these connections?

n/t

that Poppy went to Moscow to plead with Putin not to hitch his wagon to the Saudis?

Oh to have been a fly on the wall for that meeting.

A former CIA director meets a former KGB agent to bail out his son, the pResident. Putin was probably in a lot better shape than Poppy. Hungrier too. But not desperate.

Poppy flailing his hands around making those puzzling gestures while saying "Uh, Vladimir -- can I call you Vladimir? You know, about that whole 'Bay of Pigs' thing..."

Priceless.

I wonder if Poppy threw up on him?

Probably they will do their own thing quietly, and we won't get to know what they are doing.

When OPEC cut production before the Russians, just said "yipee more market share for us" and just filled the gap.

Will they do that again, or is the deal with the Saudis for the Russians to have more market share ?

Or does Putin have enough control over his oligarchs, to stand up and say that the Russians are cutting production too, which is what the Saudis want them to do ?

When ENRON F**ked California to the tune of 40 billion dollars.
Bush didn't do or say shit about it.
OPEC isn't controlled by America...yet.

and again, least we forget, japan is the world's second largest economy.

....cut them a deal.

Just think, if somebody had pulled the plug on this Middle Eastern madness before the Bushies could get it started, we wouldn't be in this mess, would we?

just isn't the murican way -- no, no gotta have all the gas guzzling life-style we can think of.

Gotta get me two more Hummers. The one ya drive an' da other well you know.......

Gonna drive up an' down I-5 in da middle of of rush hour (dat's right they named it after Limbow) with my oversized 'merican flag flappin in da breez an' delcare my solidaraty with ar boyz fightin fer our oil. Wat's it doin' in camel jockey land anyhow?

Wont move fast but I'll look good

I believe their hope was that he not threaten them by putting his combat divisions in the neighborhood.

This is another predictable outcome of the invasion of Iraq.

If he tries to bully Saudi Arabia, then OPEC will change the exchange basis from the dollar to the euro and we are royally screwed. He knows this which is why he is making a little noise for domestic consumption.

They are just trying to rake more$$$$$$ out of the world.
This will all profit the Cowboys!!!

BIG SCAM!!!!!!!

And guess what ....... * will save the day!!!!!!!!!!!!

that Bush said he could handle OPEC? That if they cut production, he would tell them to "TURN THE SPIGOT ON?"

God, how I hate having such a long memory!!That was supposed to be a good reason for having him be President, that he and OPEC were such good buds.

So now we have the high prices and just pay them to Russia instead of OPEC. Another de-stabilize the Middle East and Chavez strategy by impacting their economies.I try not to hate, but, he is SOOOOO DESPICABLE!!

more bucks out of the nobodies of AmericA??????

Is this a BIG Strategy of the Oil Companies?????

Raise the price of oil, so that Bush will look good bailing us out???


OPEC is in Bush and Cheney's pocket!!!!!!
They are all on the same F*cking team!!!!

:puke: