Monday, May 01, 2006

High Gas Prices Will Last Years, Bush Aides Say - Los Angeles Times

Of course, the Iraq war and current saber-rattling by Der Monkey has nothing at all to do with this mess.

High Gas Prices Will Last Years, Bush Aides Say - Los Angeles Times:

"Even as top officials talk up the president's plan for relief, the White House chief of staff concedes the effect of the steps will be modest.

Gasoline prices will remain high for years to come and will be largely unaffected by a new White House plan to bring them down, Bush administration officials said Sunday.

Energy Secretary Samuel W. Bodman said the United States faced an oil price 'crisis' because surging demand from such countries as China and India had outstripped supply, and he predicted that it would be 'two to three years before suppliers are in a position to meet the demands.' "

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