When a memeber of the press voiced concern over the OPEC’s production cuts, the reply from President George W. Bush was: “Steve, it is very important for there to be stability in a marketplace. I read some comments from the OPEC ministers who said this was just a matter to make sure the market remains stable and predictable. Obviously, if it’s an attempt to run the price of oil up, we’ll make our opinions very clear and known, that that would hurt America and hurt the marketplace. Our economy is bumping along right now and a run-up in energy prices would hurt. And, surely, the OPEC leaders understand that. I think they do.”
– Transcript, “Remarks by the President in Meeting with Members of Congress,” George W. Bush – White House Archives online, Accessed on 6/22/2016