Q Scott, oil is now creeping up to $50 a barrel. And people are saying that it could threaten recession, et cetera, a very serious problem. I know you keep talking about the energy bill, but the energy bill doesn’t appear to be going anywhere at this point, and the problem is really very serious. What’s the administration going to do?
MR. McCLELLAN: Well, remember, we called for passage of a comprehensive energy plan more than three years ago. The President remains concerned about rising energy prices and the impact those prices have on families and workers.
And it is for this reason, now, that the President, on day one of this administration, has been working to pass a comprehensive energy plan. The President continues to call on Congress to pass his comprehensive energy plan that will reduce our dependence on foreign sources of energy. We need comprehensive solutions, not patchwork crisis management. And this is something we go through every year, because Congress has not acted on the President’s plan, and because the Senate – certain members of the Senate, including the President’s opponent, have blocked passing the comprehensive energy legislation.
So George is concerned about rising oil prices. Okay, but what’s he doing about it? I’m kinda thinking that when the temperature goes down and people start cranking up those ol’ oil heaters in the norhteast, he’ll become a lot more interested in oil prices.
Saying that Congress is at fault for not passing a 3 year old Energy Bill is not exactly helpful, especially when it’s a Republican Congress. (Seems to me that if a President can’t get his own party to pass a Bill, it must really stink.)
Here’s my Conspiracy Theory O’ The Day: The Saudis are eventually gonna run out of oil which means their income will drop to virtually zero. Artifically high oil prices right now are generating HUGE incomes for the Saudis and other producers - think of it as a retirement plan the Saudi ruling family. And of course we can’t forget our own, U.S. based oil companies who are reporting record profits (imagine that).