Just when Americans are beginning to reduce their gas consumption (Chart Above), Bush and Cheney are wailing on their Saudi buddies to pump more oil and bring the cost of gas down. Even thought the President said we were addicted to oil, he wants to lower the price of our new heroin. Since he is not running for office, the courageous move would be to promise the American public that oil would never drop below $4 a gallon and they better start changing their habits. He could probably put some sort of emergency alternative fuel surcharge in to make sure that happened even if the Saudi’s panic pumping temporarily lowers the cost of fuel.
Bush’s business allies already know we are at a sea change moment. Yesterday Ford’s Chief Executive Alan Mulally announced the delay of the new F-150 pickup truck, because there were too many unsold 2008 models sitting on dealer lots. They are now struggling to make more small cars. “We view the move to smaller, more fuel-efficient vehicles as permanent, and we are responding to customer demand,” Mr. Mulally said.