We have a dumb ass for a President

Bush, our President has got to be awarded the "dumb ass" award of the year. Last week he made a trip to Saudi Arabia to try and get the oil sheiks to increase oil production. That has got to be the dumbest idea that man has ever done this year so far. Who ever came up with "let's go and beg for more oil", idea?

Let's get the facts straight about the oil in the USA. Here are the facts:

• only 10% of all oil used in the USA is imported
• most imported oil in the USA comes from Canada - yes Canada!
• the next largest volume of imported oil comes from Venezuela
• only about 1/3 or less of the total imported oil comes from the mid-eastern countries of the world

The oil companies are playing the American public by saying the problem (rising oil prices) is caused by the Saudi Arabians when in fact it is not. No wonder the sheiks said no to Bush and practically laughed at him when he made his plea. Let's do the USA a favor and keep Bush at the White House for the rest of his term before he causes more problems.

The second factor is the price of a barrel of oil. That price is set by people trading on the stock market for oil. This happens in the commodities market and happens to wheat, corn and livestock too. The commodities market has very little to do with supply and demand since it is purely based on speculation.

Now the big question that is on everyone's mind - will the price of gasoline at the pump go back down? It will when the demand for it goes down. If people buy less the price will drop down to where people are willing to buy more. You know - supply and demand -duh! My answer is yes the price will start to go back down and within the next few weeks at that. There has been a marked slow down in the demand at the pump already, people just can't afford $4.00 a gallon for gas, their wages are not that high.