I wrote about this a year ago and it is even more amazing to me now that oil is 98 dollars/barrel. It is incredible that Bush refused to sign a contract with Venezuela for 50 dollars a barrel so that Venezuela could have long term financial stability in extracting heavy crude. What would that have done for the price of gasoline right now? I don’t know the numbers here, but I assume that a 50% discount on crude oil would translate to some serious savings at the pump. Of course this didn’t make the headlines back then and people are still in the dark about this really, really bad move by Bush. Check out the post from a year ago and see the link that gives the story. Was this reported at all in the US press?