April 30th, 2008
01:20 PM ET
13 years ago

Bill Clinton: High oil prices here to stay

CNN

Watch Bill Clinton's comments Wednesday.

(CNN) – Campaigning for his wife in North Carolina, former President Bill Clinton said Wednesday that he’d be “very surprised if oil goes below a hundred dollars a barrel again in my lifetime.”

“There is a limited amount of oil in the ground and everyday more and more people can afford to buy it so they are gonna bid the price up,” said Clinton, who added that drivers have been forced to choose “between driving to work and having enough food for their kids.”

His wife Hillary Clinton has proposed a gas tax holiday – paid for in part by higher taxes on oil companies - that would give consumers a price break at the pump this summer. The New York senator has also called for a Federal Trade Commission investigation into possible market manipulation by oil companies or speculators.


Filed under: Bill Clinton
soundoff (284 Responses)
  1. Jim, Indiana

    Bill knows what he's talking about and people would be wise to listen up. I would also like to say that I've been astounded by the Dems and others on this site who have shown absolutely no respect for Bill since January. Have you forgotten that he gave America 8 years of peace and prosperity?

    April 30, 2008 03:21 pm at 3:21 pm |
  2. The Dude

    Right, no more oil. We get it. How about you get the Oil Companies to release all the patents they've snatched up over the years that prevents us from getting FREE energy like the Tesla Rod.

    Seriously, we have the technology to end a lot of this. Just rent 'How They Killed The Electric Car.'

    ANYONE BUT MCCAIN '08!
    No Country For Old Men

    April 30, 2008 03:21 pm at 3:21 pm |
  3. Jen

    Herman LA, CA – Who cares about your respect

    You guys betrayed Bill Clinton.

    Shame on you!

    Hillary for president

    April 30, 2008 03:21 pm at 3:21 pm |
  4. theoilman

    While there is some argument that easy oil we will peak sometime in the next decade. In terms of total oil supply to the world, we're a long way from reaching peak oil because it doesn't take into account unconventional oil.

    If America would only committed itself to increasing it's domestic supply, publically, oil prices around the world would drop like a rock. Of course there's only one government body that can do that..., Congress.

    April 30, 2008 03:22 pm at 3:22 pm |
  5. California Girl

    Obama is part of the problem by accepting huge $$$ donations from oil lobbyists.

    I will never vote for Obama.

    April 30, 2008 03:22 pm at 3:22 pm |
  6. bigben

    Hillary is trying to help. It may not be perfect but she is trying. Does Obama have any?

    April 30, 2008 03:22 pm at 3:22 pm |
  7. HICK_IN_TEXAS

    A gas tax holiday? Hmmmmmm...let me see, i fill my 14 gallon tank 3 times a mont h for an average cost of about $156 per month. That holiday tax would save me about $28.00 over 3 months. Let's get something real done and not play on people's emotions about issues they really care about. If our boss told us he was giving us a raise of $2 per week ...99% of us would curse him/her under their breath..Billary and McWalkingCain need to get in touch for real.

    April 30, 2008 03:22 pm at 3:22 pm |
  8. eddie n. powellnye

    THE NERVE OF BILL. I WANT TO KNOW ABOUT THE MINERAL AND OIL RIGHTS HE GOT THROUGH NAFTA WITH THOSE DICTATORS.
    WITH 100 MILLION PLUS HE CAN EASILY SAY WHAT HE IS SAYING. COME TO THINK ABOUT IT, DID NOT HIS WIFE SAY THAT SHE HAS A PLAN TO LOWER OIL PRICES. IF SHE BOMB IRAN THERE WON'T BE NO OIL EXCEPT FOR THE RICH. BY GODLY THEY ARE RICH. IF IT COMES FROM THIS MAN MOUTH IT MUST BE QUESTIONED. THIS MAN IS A WORST LIAR THAN HIS WIFE. THE TWO OF THEM TOGETHER MAKES THE WORLD SHIVER.

    April 30, 2008 03:22 pm at 3:22 pm |
  9. Chuck

    African American woman- pA:

    You are obviously a Hillary supporter. Not an Obama, Hillary supporter as you claim. If you were supporting both you would admit that Obama has won this nomination fairly and within the rules and that Hillary cannot catch him. Yet because others criticize the Clinton's for staying in this race, pandering to voters who do not study the issues carefully and damaging the Dem party as well as trying to damage Obama you get angry at the Obama supporters. Sorry, you cannot hide your support and loyalty to Hillary.

    April 30, 2008 03:22 pm at 3:22 pm |
  10. John in PA

    Bill is right on, as always. Obama can't hold a candle to him. I hate to say it, I really do, but for the first time in my life, I wlll vote Republican if Obama is the candidate.

    April 30, 2008 03:23 pm at 3:23 pm |
  11. Sharon

    A lot of different countries have been looking into an alternative source of energy for many many years. The problem is the money to test and implement other sources. Cars and trucks would have to be redesigned and parts made and the same for homes and businesses. Who would pay for all this? Who would pay for the new energy plants?

    Analysts have come out against Hillary's tax plan on gas as being a bad plan and would hurt worse in the following months.

    She is lying to the American people yet again.

    April 30, 2008 03:23 pm at 3:23 pm |
  12. cutegirl

    love Obama

    April 30, 2008 03:23 pm at 3:23 pm |
  13. The Real Story

    The problem is that religion can only do religious things well. And when a Rev. Wright speaks at the National Press Club, or when a Billy Graham endorses a Nixon or when the adulterous Bill Clinton invited ministers to the White House to airbrush his squalid affair, or when McCain sucks up to the worst of the Religious Right that he once called "agents of intolerance" so he can get elected by religious nut-jobs, or when Hillary Clinton speaks of her faith and of carrying her Bible everywhere, so she will make good with those blue collar voters, it's hard to tell who's abusing whom - the preachers or the politicians. One thing is certain; the relationship of religion and politics does America no more good than the Oracle of Delphi did the ancient Greeks

    April 30, 2008 03:23 pm at 3:23 pm |
  14. Aces full of Kings

    Two important names Clinton supporters should Google search. Norman Hsu (got 3 years in prison) and William Procanick (got 3 years in prison). Hsu was Hillary Clinton's major fundraiser, convicted of fraud. And Procanick was Hillary's pastor. Convicted of child-sex abuse. It's all there for you to see.

    April 30, 2008 03:23 pm at 3:23 pm |
  15. Nando, Florida

    I say lets have a Holiday from the Bush's Mccains and the Clintons!!!!!!!!

    April 30, 2008 03:24 pm at 3:24 pm |
  16. Democratic 2008

    Clintons are greed. What on earth they want to return to the white, only to repeat like the Buch family-mission accomplish.

    April 30, 2008 03:24 pm at 3:24 pm |
  17. Krystof

    OK, so a gas tax holiday, then, is just delaying the inevitable, isn't it, Bill? Labor Day would come along and suddenly gas would shoot up 20 cents in one day and we would have lost a ton of jobs over the summer because we wanted to save ourselves a tank of gas over the summer? Wake up, media types, and see that the Clinton's have just admitted their plan is out of touch with the real problems this country faces!

    April 30, 2008 03:24 pm at 3:24 pm |
  18. Steve

    Bill is right. Although that is had to accept, oil prices will always be at above 100$ a barrel. Unless a new source of energy is found or cars start running at 100 mpg.

    April 30, 2008 03:25 pm at 3:25 pm |
  19. UnFooled American

    Ok its simple the government could have stoped the high prices long ago. But why would they do that , it would under cut Bushs war and oil profit. If you honestly think that bush has nothing to gain from high gas prices then you my friend are a retard. Bush lives in Texas home of oil giants like exxon not to metion a few more. So with this in mind , remember that when you vote , if your not carefull you vote for high gas , home foreclosures , jumpimg food prices, pure corruption , and the unlikely hood that any one cares , the reason . Only the rich set the standard for what we see. I mean if you think anyone at CNN is voting for Obama or Mc Cain then you are a bigger sucker than you thought you were. Pay close attention to the so called New Agencys like Fox, CNN, MSNBC.......They all have something to gain from keeping a Republican in the office. Proof Republicans only care for the rich or well to do. That puts these hipocratic agencys at the helm of the ship, so when the ship starts sinking for you, let CNN, Fox and MSNBC know how you feel.

    April 30, 2008 03:25 pm at 3:25 pm |
  20. John in PA

    Obamabots – remember, if you don't get to 2,025, you don't win anything. Splitting the remaining Super Delegates will not get you to the prize. Stop being so smug, it makes you look like a very ugly – nay BITTER – group.

    April 30, 2008 03:25 pm at 3:25 pm |
  21. Tim, Seattle

    To Jay,
    You are on here all the time spewing your impotent rage at Obama. Being disgusted with us 'Obama' supporters is just more laugable noise from a campaign that is dying.
    So Jay, what the deal...can't stand the heat?

    April 30, 2008 03:26 pm at 3:26 pm |
  22. lol

    hillary offers solutions, obama offers empty rhetoric. his presentation even mimicks his pastor (who he threw under the bus, since his poll numbers went down).

    April 30, 2008 03:26 pm at 3:26 pm |
  23. alice2

    Bill you'r supporting a PROVEN LIAR, so I AM AFRAID YOU'R JUST NOT CREDITABLE BILL.

    April 30, 2008 03:26 pm at 3:26 pm |
  24. maybe a dem

    Thank the tree huggers in congress! but then what do they care about us , This is what you get from far left radicals, I would like to see mcCain get in ,if it would mean getting rid of Nancy Pelosi and gang.No wonder they like the anti-american Obamas!!!!~

    April 30, 2008 03:26 pm at 3:26 pm |
  25. 60 years old White Lady

    Who is the Candidate? Bill or Hillary? Hillary can't do anyting without Bill ; We don't need anymore Clinton... You are a couple of JOKES... You are selfish... Shame on you . Take care of you problem actually in Court in california... peter Paulvs Clinton... Why the media don't inform us?

    April 30, 2008 03:28 pm at 3:28 pm |
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