Ravenwood - 10/13/04 06:30 AM
Back in April, Kerry lashed out at President Bush for trying to lower gasoline prices in the U.S.:
Today, Senator John Kerry quickly seized on Mr. Woodward's assertion on Sunday that the Saudi ambassador to the United States had agreed that his country would make sure that oil prices did not get too out of hand and would lower them to boost the American economy prior to the election -- a decision that would presumably help Mr. Bush politically.This week, Kerry is lashing out at Bush for not doing enough to lower gasoline prices in the U.S.:"That is outrageous and unacceptable to the American people," Mr. Kerry, the presumed Democratic presidential nominee, declared during a campaign stop in Florida, where the price of gas is a serious issue given the state's reliance on the automobile and fuel costs' effect on tourism.
"Facts, as President Ronald Reagan reminded us, are stubborn things, Mr. President," Kerry said. Flinging back a new mantra Bush uses to criticize Kerry, the senator said, "To borrow a saying, when it comes to George Bush's record on gas prices, he can run but he can't hide."Of course gas prices are not really at record levels. If you adjust for inflation, the price of oil reached nearly $80 a barrel during the 1970s. It was so high that it killed off the American muscle car.
While the high price of gas could kill off the SUV, so far the market pressures haven't done so. And the price of gas has mostly to do with the high demand and limited supply. As long as demand remains high, until we start drilling for more oil or build some more refineries, gas prices will remain high as well.
And who do we have to thank for limiting the supply of oil? Well none other than John Kerry himself, who just last year claimed, "[Bush] proposed to let the oil industry friends of his drill in the Alaska wildlife refuge. I led the fight to stop him, and we won that fight."
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