No doubt the other leading nations are adjusting the US down by depreciating their currency.
Bush urged industry to invest more in offshore drilling and expansion to help alleviate the impacts of high oil prices.
Critics pointed out that the amount of money the govt is inv in renewable energy projects is less than a third of the money being spent on fighting wars.
The special oil summit on Sunday has already touted as overwhelmingly favouring a boast in production but this may not be enough to ease the current situation around the world.
August Futures i think had oil at $137.
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