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Oil hits $104 as OPEC rebuffs Bush - Blame his handling of the US economy

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Amanda Lang

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Oil prices reached a record close, surging above $104 after OPEC decided Wednesday to keep its production unchanged. The cartel ignored calls from President George W. Bush to pump more oil into an ailing economy.
OPEC rebuffed its top consumer, arguing that the world was well supplied with oil and blaming financial speculators and mismanagement of the United States economy for the current high prices.

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): Bush Failed Fiscal Policy; Bush Failed Policy International; Bush Idiot-in-Chief; Bush-s Vietnam Iraq; Economy Recession; Economy-Economics- US; Economy-Economics- World; Energy Costs Prices; OPEC; Oil Cost Of $$$; (more...) Oil Demand Supply; Oil Foreign Ownership; Oil Price Fixing Manipulation, Add Tags (less...)

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