Dem Senators Call On Bush to Demand OPEC Increase Oil Production

A group of Democratic senators are calling on President Bush to demand that oil producing countries increase the output of oil production.

"Your administration has shown a callous indifference to the pain these high prices are inflicting on American families," the senators wrote in a letter sent to Bush Thursday. "At the same time, your administration has coddled Organization of Petroleum Exporting Countries (OPEC) nations whose actions have contributed to this crisis."


The senators hope that an increase in the oil supply will lead to lower energy costs. The letter was sent as the price of a barrel of crude oil reached more than $117. The average cost of a gallon of regular gas in the United States is more than $3.50.


The Democratic senators who signed the letter include Charles SchumerCharles SchumerCruz's dad: Trump 'would be worse than Hillary Clinton' With Ryan’s blessing, lawmakers press ahead with tax reform talks Big business will never appease the Left MORE (N.Y.), Bob CaseyBob CaseyObama-backed Dem makes gains in Pa. primary Senate introduces tariff relief bill Lawmakers react to Villanova's buzzer-beater NCAA win MORE (Pa.), Byron Dorgan (N.D.), Amy KlobucharAmy KlobucharDem senators: Slash executive pay at pension plans seeking benefit cuts Judiciary Dems seek hearing on voting rights Senate passes resolution honoring Prince MORE (Minn.) and Mary LandrieuMary Landrieu oil is changing the world and Washington Ex-Sen. Kay Hagan joins lobby firm Republican announces bid for Vitter’s seat MORE (La.). Independent Sen. Bernie SandersBernie SandersPoll: Sanders trails Clinton by double digits in Calif. The Trail 2016: Indiana gets ugly on GOP judgment day Budowsky: Bernie Sanders, dream merchant MORE (Vt.) also signed it.


In the letter, they ask the president why he hasn't asked three OPEC countries, Saudi Arabia, the United Arab Emirates and Kuwait, to increase oil production when all three countries have entered into arms deals with the United States.


The senators' full letter is after the jump.



April 24, 2008

George W. Bush


President


The White House


Washington, DC


Dear Mr. President:


American consumers are facing unprecedented gasoline prices, with the national average price of a gallon of regular gas at $3.56, roughly $.70 higher than last year and more than double since 2001. The price of diesel fuel has increased even more rapidly - reaching a record $4.22 a gallon, over a dollar more expensive than 2007. The price of diesel fuel not only impacts truck drivers, but it pushes food and transportation costs higher for consumers too. The combined effect of these energy prices drags down our economy, which can serve to extend and deepen the recession even further.


Your administration has shown a callous indifference to the pain these high prices are inflicting on American families. At the same time, your administration has coddled Organization of Petroleum Exporting Countries (OPEC) nations whose actions have contributed to this crisis.


We are writing to urge you to demand that OPEC members increase their oil production because they are currently producing well under their capacity. As you know, the first four months of 2008 witnessed extraordinary and historic increases in the cost of crude oil, which has impacted not only the costs of gasoline and heating oil in the U.S., but food and commodity prices as well. Despite skyrocketing energy costs, OPEC members claimed that they saw no reason to increase production quotas. We respectfully urge you to call upon Saudi Arabia, the United Arab Emirates (UAE), and other OPEC members to increase their oil production immediately.


OPEC

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