Bush And Oil Prices

From Skyrocketing Energy Prices by Carl Levin:

This afternoon, I’m speaking on the Senate floor about high energy prices. Unless something is done to make energy more affordable, the record-high prices will continue to reverberate throughout our economy, increasing the prices of transportation, food, manufacturing and everything in between. Skyrocketing energy prices are a threat to our economic and national security, and the time for action is long past.

One of the major causes of our energy crisis is the failed policies of the current Administration. In January 2001, when President Bush took office, the price of oil was about $30 per barrel. The average price for a gallon of gasoline was about $1.50. Since President Bush took office, crude oil prices have nearly quadrupled, natural gas prices to heat our homes have almost doubled, gasoline prices have more than doubled, and diesel fuel prices have nearly tripled.

One key factor in price spikes of energy is rampant speculation in the energy markets.

Could the Iraq War have anything to do with high oil prices? Could the fact that Bush (and his daddy too), Cheney, and Rice all used to work in the oil business have anything to do with high oil prices? Could oil lobbyists have anything to do with high oil prices? Could Cheney’s famous secret meeting have anything to do with high oil prices? Inquiring minds want to know!

When can impeachment become a reality Senator Levin?