Then-Gov. George W. Bush as a presidential candidate in 2000:

The president of the United States must jawbone OPEC members to lower the price . . . [As President I will] convince them to open up the spigot to increase the supply.

President Bush yesterday:

I wish I could simply wave a magic wand and lower gas prices tomorrow.

Keep in mind that in April 2004, Saudi Arabia led the fight within OPEC to cut production to keep prices high. What did President Bush do?  He “refused to lean on the oil cartel” and refused to even “personally lobby OPEC leaders to change their minds.”   In a word, nothing.