http://transcripts.cnn.com/TRANSCRIPTS/0001/26/se.02.html BROWN: Governor Bush, last week in New Hampshire, the wind chill temperature dropped in some places to 30 below. Also last week, home heating oil prices spiked 40 percent to where it now averages $1.72 a gallon. There are shortages of heating oil and kerosene and diesel fuel.
Yesterday, Energy Secretary Bill Richardson said he would not tap U.S. strategic petroleum reserves in order to drive down prices, saying those reserves are for emergencies. But given the shortages that exist, do you consider this an appropriate time to tap those reserves?
BUSH: No, I don't. I think I agree with the energy secretary that the strategic petroleum reserve is meant for a national wartime emergency.
What I think the president ought to do is he ought to get on the phone with the OPEC cartel and say we expect you to open your spigots. One reason why the price is so high is because the price of crude oil has been driven up. OPEC has gotten its supply act together, and it's driving the price, like it did in the past. And the president of the United States must jawbone OPEC members to lower the price.
And if in fact there is collusion amongst big oil, he ought to intercede there as well.
I used to be in the oil business. I was little oil -- really little oil. And so I understand the -- I understand what can happen in the marketplace.
I think it's very important for us, though, to recognize that our country better become less dependent on foreign crude. That's why I am for the exploration of ANWR. That's why I'm for the exploration of natural gas, which is hemispheric. It's not subject to price.
In the meantime, I support the congressional delegation here in New England attempt to fund LIHEAP, which is that low-income heating assistance program.
BROWN: Let me follow up by asking what pressures -- specifically what pressures should be brought on OPEC nations to lift those production curbs?
BUSH: Well, we've got good relations with a lot of members of OPEC. If the president does his job, the president will earn capital in the Middle East, and the president should have good standing with those nations. It's important for the president to explain, in clear terms, what high energy prices will not only do to our economy, but what high energy prices will do to the world economy.
It is in the Saudis' best interest for the price of oil to mellow out. It's not only in our country's best interests. It needs to be explained to them, it's in their best interests.
BROWN: Thank you.
BUSH: And I will do so.