Bush directs government to look into gas prices

#1
http://today.reuters.com/news/artic...337124_RTRUKOC_0_US-ENERGY-GASOLINE-PRICE.xml

WASHINGTON (Reuters) - President George W. Bush, alarmed by a spike in gas prices at the pump, has asked the Departments of Energy and Justice to look into possible cheating or manipulation of gasoline markets, White House spokesman Scott McClellan said on Monday.

Bush plans to announce his directive publicly in an energy speech on Tuesday in which he will talk about "how gas demand is only projected to increase this summer and experts are projecting that gas prices will remain high," McClellan told reporters aboard Air Force One as the president flew back from Nevada.

The pain at the pump keeps getting worse for U.S. consumers as the national price for gasoline skyrocketed 13.1 cents over the last week to $2.91 a gallon, the fourth highest average retail price on record, the government said on Monday.


Republican congressional leaders, worried that high fuel costs will turn voters against them in this November's midterm elections, urged the Bush administration to investigate whether oil companies are gouging consumers at the pump.

"Anyone who is trying to take advantage of this situation while American families are forced into making tough choices over whether to fill up their cars or severely cut back their budgets should be investigated and prosecuted," Senate Majority Leader Bill Frist and House Speaker Dennis Hastert wrote on Monday in a joint letter to President George W. Bush.
Alarmed by a spate of road accidents , President Bush directed Congress to investigate manufacturers of roads :roll:

How long can this man keep his job?
 
#2
PartTimePongo said:
http://today.reuters.com/news/articlenews.aspx?type=politicsNews&storyid=2006-04-25T011614Z_01_N24337124_RTRUKOC_0_US-ENERGY-GASOLINE-PRICE.xml

WASHINGTON (Reuters) - President George W. Bush, alarmed by a spike in gas prices at the pump, has asked the Departments of Energy and Justice to look into possible cheating or manipulation of gasoline markets, White House spokesman Scott McClellan said on Monday.

Bush plans to announce his directive publicly in an energy speech on Tuesday in which he will talk about "how gas demand is only projected to increase this summer and experts are projecting that gas prices will remain high," McClellan told reporters aboard Air Force One as the president flew back from Nevada.

The pain at the pump keeps getting worse for U.S. consumers as the national price for gasoline skyrocketed 13.1 cents over the last week to $2.91 a gallon, the fourth highest average retail price on record, the government said on Monday.


Republican congressional leaders, worried that high fuel costs will turn voters against them in this November's midterm elections, urged the Bush administration to investigate whether oil companies are gouging consumers at the pump.

"Anyone who is trying to take advantage of this situation while American families are forced into making tough choices over whether to fill up their cars or severely cut back their budgets should be investigated and prosecuted," Senate Majority Leader Bill Frist and House Speaker Dennis Hastert wrote on Monday in a joint letter to President George W. Bush.
Alarmed by a spate of road accidents , President Bush directed Congress to investigate manufacturers of roads :roll:

How long can this man keep his job?
201700ZJan09- or 1000 days from tomorrow. And yes, I am counting.

Does anybody want to open a book on what the verdict is going to be?
 
#3
"We have a strong economy, but high gas prices are like an additional tax on families that are trying to live within a budget," McClellan said. "It puts a strain on working families, farmers and small businesses."
Speaking of which:

For the past five years, health care costs have increased by nearly more than 70 percent. Under Bush, college tuition has gone up about 40 percent, even taking inflation into account. [Census, 8/05; KFF, 2005; College Board, 2005]

Family incomes are down four years in a row, with wages stagnant and increased debt. Real household income has fallen each year of the Bush Administration, for a drop of $1,669 since 2001. The median wage has been flat or fallen for three years in a row. A new report by the Federal Reserve Board shows that median household debt climbed 34 percent to $55,300, so that families were spending nearly 15 percent of their incomes on paying interest on their debt. Workers' buying power continues to erode as average weekly earnings have dropped in the last year in real terms.

But don't worry, the Paris Hilton Tax Cut will solve everything...
 
#4
crabtastic said:
For the past five years, health care costs have increased by nearly more than 70 percent. Under Bush, college tuition has gone up about 40 percent, even taking inflation into account. [Census, 8/05; KFF, 2005; College Board, 2005]

Family incomes are down four years in a row, with wages stagnant and increased debt. Real household income has fallen each year of the Bush Administration, for a drop of $1,669 since 2001. The median wage has been flat or fallen for three years in a row. A new report by the Federal Reserve Board shows that median household debt climbed 34 percent to $55,300, so that families were spending nearly 15 percent of their incomes on paying interest on their debt. Workers' buying power continues to erode as average weekly earnings have dropped in the last year in real terms.

But don't worry, the Paris Hilton Tax Cut will solve everything...
Now, CT, I'm a reasonable Spam and I'm not going to blame Bush and his minions for cost-of-living increases...I can't even blame the health insurance lobby (closely tied to the Bush administration) for an increase in health care costs.

But for manufacturing a war in Iraq, for nudging a formerly healthy national budget into a $300 billion debt, and for attempting to hijack the Supreme Court (and other maneuvers...hi, "faith-based initiatives") in order to make the United States a theocracy? That, I blame them for. :evil:
 
#5
PartTimePongo said:
Alarmed by a spate of road accidents , President Bush directed Congress to investigate manufacturers of roads :roll:

How long can this man keep his job?
PTP!

Agree that roads are more important problem for USA than Iraqi democracy. At least there mr.Bush acts as a true statesman. As a construction of federal roads is being funded from the federal budget then it is absolutely natural that the president pays so much attention to this problem.

As for gas then and its prices then it is a very important issue too. It would be very logical if learned mr.Blair would concentrate his efforts on this problem too. If Russian Gazprom would be allowed to sell natural gas in the UK directly (without intermediates) then gas-supplies would be cheaper and more stable.

http://news.bbc.co.uk/2/hi/business/4925682.stm

The Russian company has recently indicated it wants to expand European operations, with speculation centred on a possible bid for the UK's Centrica.
Why not to allow Gazprom to invest in the British economy. BP has 50% in huge TNK-BP joint venture. It is one of the largest oil companies in Russia.

Gazprom appears to be concerned that the UK would block Gazprom's attempts to buy the UK's largest gas company.

Centrica owns British Gas and is the UK's largest utility firm with more than 17 million electricity and gas customers.
 

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