Eureka! Finally a Triumph For The Bush Administration. Oil Hits $100/bbl

Raymond J. Learsy, 01.02.2008
One can well imagine them popping champagne corks at the Department of Energy, along 'K' Street in Washington, in the inner sanctums of oil patch corner offices. They did it! Through gross inaction, through sop remedies, through disingenuous lip service, they were able to steer the price of oil from the low twenties at the start of the Bush years in 2001 to $100 a barrel today. The spectacle of George W. and Dick Cheney giving each other high fives in the Oval Office would not be hard to imagine. And of course the prospect of an ebullient Prince Bandar calling in his congratulations from Riyadh.
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