Friday, June 27, 2008
Exactly eight years ago:
In the New York Times
Bush Would Use Power of Persuasion to Raise Oil Supply
WAYNE, Mich., June 27 -- Gov. George W. Bush of Texas said today that if he was president, he would bring down gasoline prices through sheer force of personality, by creating enough political good will with oil-producing nations that they would increase their supply of crude.
"I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply," Mr. Bush, the presumptive Republican candidate for president, told reporters here today. "Use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them to open up the spigot." ...
"Ours is a nation that helped Kuwait and the Saudis, and you'd think we'd have the capital necessary to convince them to increase the crude supplies," he said.
Asked why the Clinton administration had not been able to use the power of personal persuasion, Mr. Bush said: "The fundamental question is, 'Will I be a successful president when it comes to foreign policy?' "
He went on to suggest, as he did in answer to other questions, that voters should simply trust him.
"I will be," he said in answer to his own question about whether he would be a successful president. "But until I'm the president, it's going to be hard for me to verify that I think I'll be more effective."
Now we're finding out that if you want cheap oil, you have to actually drill holes in the ground yourself instead of not drilling and hoping that the people who do it for you don't price-gouge you.