With oil continuing to break records for high prices on a daily basis, and the refusal of Saudi King Abdullah to do anything to reduce the price of oil, President George Bush is finally looking homeward for alternatives.
The Saudis’ long standing position is that they are willing to pump more oil — but only if their customers, the refineries, demand it. The oil minister, Mr. Naimi, told reporters in Riyadh on Friday that the government had decided on May 10 to boost production by 300,000 barrels a day in response to requests from customers, mostly in the United States.In making his case with the oil producers, President Bush pointed out that by continuing to raise the prices of fuel to their "biggest customers," the oil producers themselves were increasing the push by the United States and other countries to develop alternative energy sources, in effect potentially pricing themselves out of business in the future.
“Our response is positive,” Mr. Naimi said, adding, “What we have said is, ‘Let the buyer come and we will satisfy his request. Very simple business: If you want more oil, who’s going to buy the oil?”
It is speculated that the Saudi decision to increase production, though by a small margin, may also be influenced by pressures from Congress, who have threatened to cut arms sales to them if something isn't done on their part.
Having made no real headway with Middle Eastern oil producers, the President is now turning the focus of America's fuel remedy where others have been calling for the country to put the focus for some time now: back to the United States itself.
And Mr. Bush took aim at Democrats in Congress, who have repeatedly blocked his proposals to allow oil exploration in the Arctic National Wildlife Refuge.With the oil sitting in ANWAR, in the Gulf Coast that is being drilled by China and Cuba in international waters off our shores that we could just as easily be drilling for and pumping as well, and the discovery of oil along the Canadian border, it's little wonder that there are so many calling for the U.S. to begin more drilling domestically and to build new refineries at home, eventually removing ourselves from dependence on foreign oil.
“One of the interesting things about American politics these days,” Mr. Bush said, “is, those who are screaming the loudest for increased production from Saudi Arabia are the very same people who are fighting the fiercest against domestic exploration, against the development of nuclear power and against expanding refining capacity.”
In the meantime, to go along with domestic production of oil, real and viable alternative energy methods could and should be developed, methods that don't interfere with nor cut into food crop production, applying some common sense and sound thinking rather than off the cuff, knee jerk reactions that send the markets into turmoil in other directions than just from the fuel industry.
Once and Always, an American Fighting Man
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