White House 'very concerned' about record oil price

[maddezmom]

Source: thompson financial


ON BOARD AIR FORCE ONE (Thomson Financial) - The White House said it is "very concerned" about record-high oil prices but that there was nothing US President George W. Bush could do to bring gasoline costs down quickly.

"It would be wrong of the president to provide false hope to people who think that we are going to be able to have an immediate impact to reduce gas prices," Bush spokeswoman Dana Perino told reporters.

"This is something that we're all going to have to work through," she said as Bush travelled to Tennessee for a speech on Iraq and an election-year fundraiser, while oil prices struck a record high of 109.72 usd per barrel.

"The price of crude oil and therefore the price of gasoline is very high and we know it is impacting America's consumers and some businesses especially. And we are very concerned about it," Perino said.



Read more: http://www.sharewatch.com/story.php?storynumber=238751

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Guess that's why there sending Darth over to the Mideast