Press Conference by the President

Business Wire, April 29, 2008

Q Sir, 14 --

THE PRESIDENT: Would that be you, Rog, a friendly guy here in the Rose Garden? (Laughter.)

Q Thank you. Yes.

THE PRESIDENT: Mr. Sunshine, they call you. (Laughter.)

Q Fourteen senators, including your own Senator, Kay Bailey Hutchison from Texas, are calling on you to stop filling the Strategic Petroleum Reserve. You've been asked that several times over the past few years. I know what your answer has been. But do you think now, with the rising prices, the record high oil prices, it's time to change course?

THE PRESIDENT: In this case, I have analyzed the issue, and I don't think it would affect price, for this reason: We're buying, at the moment, about 67,000 to 68,000 barrels of oil per day, fulfilling statutory obligations to fill up the SPR. World demand is 85 million barrels a day. So the purchases for SPR account for one-tenth of one percent of global demand. And I don't think that's going to affect price when you affect one-tenth of one percent, and I do believe it is in our national interests to get the SPR filled in case there's a major disruption of crude oil around the world.

And one of the -- for example, one of the things the -- al Qaeda would like to do is blow up oil facilities, understanding we're in a global market, a attack on an oil facility in a major oil-exporting country would affect the economies of their enemy -- that would be us, and other people who can't stand what al Qaeda stands for. And therefore, the SPR is necessary, if that's the case, to be able to deal with that kind of contingency. And if I thought it would affect the price of oil positively, I'd seriously consider it. But when you're talking about one-tenth of one percent of global demand, I think the -- if you -- on a cost-benefit analysis, I don't think you get any benefits from making the decision. I do think it costs you oil in the case of a national security risk.

Martha.

Q Thank you, Mr. President. I'd like to switch to Afghanistan. There was another attempt on President Karzai's life. There are operations going on there right now. Is the strategy succeeding? Are we winning in Afghanistan?

THE PRESIDENT: I think we're making progress in Afghanistan, but there's a very resilient enemy that obviously wants to kill people that stand in the way of their reimposition of a state that is -- which vision is incredibly dark. I mean, it's very important for the American people to remember what life was like in Afghanistan prior to the liberation of the country. We had a government in place that abused people's human rights, they didn't believe in women's rights, they didn't let little girls go to school, and they provided safe haven to al Qaeda. In the liberation of this country, we've achieved some very important strategic objectives: denying al Qaeda safe haven from which to plot and plan attacks, and replacing this repressive group with a young democracy.

And it's difficult in Afghanistan. If you know the history of the country, you understand it's hard to go from the kind of society in which they had been living to one in which people are now responsible for their own behavior. But I am pleased with a lot of things. One, I'm pleased with the number of roads that have been built. I'm pleased with the number of schools that have opened up. I'm pleased a lot of girls, young girls are going to school. I'm pleased health clinics are now being distributed around the country. I'm pleased with the Afghan army, that when they're in the fight they're good.