Bush Admits Oil Production Too Low

[Anders Lindman]

Gasoline price high due inadequate oil output: Bush

"WASHINGTON (Reuters) - President George W. Bush said on Tuesday that U.S. gasoline prices are at record levels because global oil production is not keeping pace with demand.

"One of the main reasons for high gas prices is global oil production is not keeping up with growing demand," Bush said at a news conference."

http://www.reuters.com/article/topNews/idUSWBT00888520080429?feedType=RSS&feedName=topNews

[Anders Lindman]

Video of the Bush White House news conference:

http://video.aol.com/video-detail/raw-bush-white-house-news-conference/3458523487

[Anders Lindman]

Video of the Bush White House news conference:

http://video.aol.com/video-detail/raw-bush-white-house-news-conference/3458523487

Whoa, interesting speech. Staged to the core, granted, but nevertheless a well done job by the president with the help of three teleprompters.

The disappointment was that he never talked about water fuel. :( He said something about hydrogen, and with a strech of one's imagination he could have allured to water fuel, although possibly not. Are they hiding something? Can't they just fess up already?!!! :mad::mad::mad: Do they have water fuel technology or not?

[Anders Lindman]

Here is a new CNBC video about the problem with oil production.

http://www.cnbc.com/id/15840232?video=729232532

Just some month ago, I didn't hear much of this kind of talk in mainstream media. When the mega boss GWB has started to talk about the problem with global oil production I guess we will hear more about it in the media from now on.

[Anders Lindman]

Here is another interesting new video:

http://www.msnbc.msn.com/id/21134540/vp/24432706#24432706