Bush won't demand conservation - Mike Allen - Politico.com:
Bush was asked about an earlier news conference in which he said he had not heard of forecasts that gasoline could reach $4 a gallon, a mark that was soon eclipsed.
“I’ve heard of it now,” he quipped.
“It seems like it makes sense to me to say to the world at we’re going to use, you know, new technologies to explore for oil and gas in the United States … to send a clear message that the supplies of oil will increase,” he said.
“The president doesn’t have a magic wand,” the president added. “You can’t just say: ‘Low gas!’ ”
As the former oilman has throughout his administration, he referred to oil as “product,” in the industry lingo.