Why Are Gas Prices So High?

In 2001, did bush make a bet with cheney that he could raise gas prices to $5/gal, and that his supporters...?

were so dumb, they would defend bush for it? Bush literally let the oil industry write America's energy policy in secret from Cheney's office weeks after he took office in 2001. The records of Cheney's "energy task force" meetings have been kept a secret to this day despite many lawsuits. In the 7 years since, gas is approaching $5/gal, while last year Exxon/Mobil set the record for the most profit ever made by any corporation in the history of the US, breaking its own record that it set the year before. It's former CEO, Lee Raymond, retired at the end of 2005 with a $400 million retirement package, also the largest in the history of any public US company. http://abcnews.go.com/GMA/story?id=1841989

Public Comments

1. Actually, I think that Cheney made the bet with Bush...LOL
2. I seriously doubt it. Probably because I am a mature adult. Wasn't there any summer school this year?
3. In 2001, did bush make a bet with cheney that he could raise gas prices to $5/gal, and that his supporters...?, Quick easy answer that you already knew, nope.
4. Congradulations..... You win the stupid question of the day award
5. guess who's giving them their record profits? surely not the government. You. Everytime you fill up your tank. complainer.
6. Get a life.
7. What is really dumb is people like you that actually believe what ABC news says.
8. hey thomas SR. Not all kids go to summer school you queer. just cuase you have to cause your a dumb fuck. Doesn't mean other kids do.
9. Mr. Bush has nothing, nothing and more nothing to do with the $ of oil..........when will you learn?
10. Gas prices are expensive because OIL prices are expensive. Oil prices are expensive because there is more demand than supply. It is no more complicated than that. The one thing that could help resolve the situation is if we would drill for oil and build refineries. Guess who is standing in the way of that? That's right... the Democrats.
11. Who knows? But is it coincidence that a former failed oilman finally gets oil profitable at record levels when he is in office?
12. The premise is laughable - it was Polosi in the last Congressional elections that stated the Democrats would use a "common sense approach" to bring energy costs to a reasonable level. I wonder if she bet anyone that over $4 a gallon for gasoline and almost $5 a gallon for diesel and heating oil was considered "reasonable."