07/11/2005
https://www.presidency.ucsb.edu...
"There is no verifiable evidence to conclude that oil speculators were behind the rise in oil prices in the first half of the year."
"Just as there is no verifiable evidence to conclude that oil speculators were behind the rise in oil prices in the first half of the year, there is no verifiable evidence that speculators were behind ..."
"These actions are necessary, and they're important, and the markets are adjusting to them."
"I took this action to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States."