"I know gas prices are high and there is no magic wand to wave"--George W. Bush, at the Renewable Fuels Association, 2006

"The long term strategy is to power our automobiles with something other than oil; something other than gasoline--which is derived from oil."--George W. Bush, at the Renewable Fuels Association, 2006

Presumably the qualifying clause was added in case conferences attendees did not know the origin of gasoline.

In terms of the possibilty for price fixing by the oil companies Bush went on to say that:

"This administration is not going to tolerate manipulation."

Whether or such a statement can be taken seriously remains to be seen.
by: ProfMKD @ 4:57 pm