Fuel....
Well, fuel here in Mobile, AL is at $3.21 a gallon and that's the cheap stuff. I did read in the last post where your talking about the oil companies and shares.....well, I used to blame the same thing, until I watched a interview on CNN two weeks ago and then, read it in the AP a day or so later.
President Bush had an address and asked the OPEC nations to do something to ease the price of fuel. He told them that they needed to increase the production of crude.
Well, the 13 nations got together to discuss the idea of increasing output, then those 13 countries were talking about all the surpluse they already had. And through some formuala, they came to the conclusion that the demand for oil was less than the supply and reserves already in trade. They said the problem with the issues with fuel was due to mis-managment of the U.S. economy by the Bush administration.
Let me say, this is not my opinion, this is what I read in the Associated Press and heard in interviews with CNN corrospondents.
Do I believe them? I can't answer that question since I don't want this to turn into a debate about what he's done for this country or where this country is at the moment in global foreign policy.