The Pendragon's Hall

President Bush announced yesterday that while his Justice Department investigates oil companies for price gouging (sort of like announcing you're investigating Bill Clinton for lying) he is allowing companies to stop sending percentages to the reserve. The hope is that we have enough in the reserve to meet any emergency and that with 2% or however much it is more oil going into the market prices will moderate such. It is a decent, if halfhearted, plan and the Pendragon applauds it. Of course it has prompted cries from the Left that the President really doesn't have much control over the price of oil and whatever he does it will only have a minimal effect. Still trying to have it both ways. It's true that these steps will probably not cause a dramatic reduction in price, but you can't yell that the President needs to do something about the price of oil and then say when he does it that he doesn't have much control anyway. It's getting kind of ridiculous. Hopefully Iraq will stabilize soon and their oil can only help.