« Productivity Surges Unexpectedly |
Main
|
No Alert on Las Vegas Fears »
August 10, 2004
Pressure Increases for Bush to Tap the Reserve
Even those who had previously objected to tapping the Strategic Petroleum Reserve are now declaring "It's time."
Even if Bush doesn't want to tap the reserve, is it really necessary at this time to continue filling it? Can't that be delayed until prices moderate?
I half want him to tap it just to hear Joshua Micah Rosencrantz Guildenstern Marshall decry the "suspicious timing" of the move -- timing which would, I'm guessing, be even more suspicious than President Clinton's similar move in the late summer of 2000.
John Kerry will rip Bush for the "politically motivated decision" even as he, in the very next breath, takes credit for having suggested the idea a year ago (back when oil cost $35/bbl).
Meanwhile... Oil breaks the $45 mark on Mexico hurricane worries.