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Economics: October 3, 2004

Price of Gasoline - Bush's Fault?

One of the criticisms that has been leveled at Bush is that the price of gasoline has risen under his watch. In general, I don't think any president is able to manipulate the global economy the way his detractors (and supporters) often suggest. On this particular issue I found this credible analysis through Poliblogger: Early on, we recognized that it was Chinese Oil Demand underlying the increase in cost. We also looked at Oil Demand versus Refining Capacity. We have examined Global Crude Oil Demand & Gasoline, we looked at Oil: Inflation adjusted.

Posted by tim at October 3, 2004 11:05 PM




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