OIL PRICES TO RISE EVEN MORE

T. Boone Pickens says expect oil prices to rise to $60:


"I think you're going to see $60 before you see $40," Pickens said in a radio interview.

Why Dubya! I thought you said way back in the 2000 presidential race (when oil was $28) that if you were president all you'd have to do was pick up the phone and "jawbone" OPEC leaders to get them to "open up the spigot."

Bush said today that he would bring down gasoline prices by creating enough political good will with oil-producing nations that they would increase their supply of crude. “I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply. Use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them to open up the spigot.” Implicit in his comments was a criticism of the Clinton administration as failing to take advantage of the good will that the US built with Kuwait and Saudi Arabia during the Persian Gulf war in 1991. Also implicit was that as the son of the president who built the coalition that drove the Iraqis out of Kuwait, Mr. Bush would be able to establish ties on a personal level that would persuade oil-producing nations that they owed the US something in return. [emphasis mine]

Used up all that "good will" in the Middle East, Dubya? Created any "capital" of your own since you've squandered your daddy's? Do you believe this guy? His sense of entitlement as "Sen. Prescott's grandson" and the presidential son and heir extends into the Twilight Zone. He thinks every national problem can be fixed by exploiting his family credentials. Why shouldn't he? It's always worked with his personal problems, hasn't it?

Don't forget to ask him about this in the debate, Big John.