Bush More Like Carter Than Reagan
… as measured by oil prices:
The U.S. Energy Information Administration (EIA) said Wednesday that crude stocks rose in the United States by 1.2 million barrels to 300.5 million barrels amid record imports of 11.3 million barrels per day (bpd).
The $43 per barrel price is the loftiest level in the 21-year history of crude futures trading at NYMEX.
Interestingly, OPEC is pumping at the highest rate in 25 years (as promised?), the real problem is potentially reduced supply from Russia.