Cheney says can't blame OPEC for high gas prices

Published May 9th, 2001 - 02:00 GMT

WASHINGTON, (Reuters) - U.S. Vice President Dick Cheney said on Tuesday, May 8, it was not fair to blame high gasoline prices in the United States on the OPEC oil producing cartel, as the problem was due to inadequate U.S. refinery capacity. 

 

"We've worked with OPEC...the fact is today we can't blame the problem on OPEC in terms of current gasoline prices," he told CNN in an interview. 

 

"Production levels and the price of oil through the spring has been fairly stable. In fact the biggest problem comes back to refinery capacities," he added. 

 

A White House task force headed by Cheney is expected to deliver, on May 17, its recommendations for dealing with America's energy problems. 

 

President George W. Bush has emphasized increased domestic production over conservation as a way to make the United States more energy independent.  

© 2001 Mena Report (www.menareport.com)

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