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Bush urged to halt oil price gouging
Democratic lawmakers urged President Bush to curb oil company price gouging after Iraq's Kuwait invasion. Senators Kerry Danforth and Rep Sharp pressed for action, while Di Bona of the API defended industry pricing as world crude costs rose from 16 to 27 dollars a barrel. They urged tapping the Strategic Petroleum Reserve to cushion consumers as gasoline prices jumped up to 25 cents a gallon.
MENTIONED IN THIS ARTICLE
John Kerry
Iraq
Kuwait
Phil Sharp
D-Ind
Saddam Hussein
John Danforth
Missouri
Charles J. di Bona
American Petroleum Institute
U.S
di Bona
Congress
Bush
John F. Kennedy
Saddam