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Bush Concerned About High Gas Prices
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Contributor | Gerald Farinas |
Last Edited | Gerald Farinas Mar 24, 2004 02:31pm |
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Category | News |
Media | News Service - Associated Press |
News Date | Wednesday, March 24, 2004 06:00:00 AM UTC0:0 |
Description | Bush Concerned About High Gas Prices
The Honolulu Advertiser
The Bush administration voiced concern Wednesday about gasoline prices reaching an all-time high, but ruled out tapping into the government's oil reserves to temporarily ease the problem. White House spokesman Scott McClellan said that there would be no halt in the program to keep pumping oil into the reserves, located in Texas and Louisiana, just because oil prices are currently so high. McClellan renewed the administration's call for Congress to pass the administration-supported energy bill, designed to provide new tax breaks and other incentives to spur exploration and production.
Bush's Democratic opponent for president, John Kerry, said in a statement Tuesday that oil companies are earning record profits and the administration's policies are failing. "George Bush stubbornly refuses to admit that his economic policies aren't working, and now even in the face of record-high gas prices, he still stubbornly refuses to change his failed energy policies that are hitting families so hard at the pump," Kerry said. "We need a balanced energy policy that protects consumers from high gas prices, invests in renewable energy, and promotes responsible development here at home." |
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