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Friday, May 16, 2008

Bush fails to win Saudi help on gas prices

By realitybasedbob on May 16, 2008 at 06:03 pm
5 Comments

RIYADH, Saudi Arabia - President Bush failed to win the help he sought from Saudi Arabia to relieve skyrocketing American gas prices Friday, a setback for the former Texas oilman who took office predicting he would jawbone oil-producing nations to help the U.S.

Bush got a red-carpet welcome to this desert kingdom, home to the world’s largest oil reserves, and promised to ask King Abdullah to increase production to reduce pressure on prices, which soared past $127 for the first time Friday. But Saudi officials said they already were meeting the needs of their customers worldwide and there was no need to pump more.

Their answer recalled Bush’s trip to Saudi Arabia in January when he urged an increase in production but was rebuffed.

Saudi oil minister Ali al-Naimi said the kingdom decided on May 10 to increase production by 300,000 barrels a day to help meet U.S. needs after Venezuela and Mexico cut back deliveries.

“Supply and demand are in balance today,” al-Naimi told a news conference, bristling at criticism from the U.S. Congress. “How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?”

Comments

pparets

... you would bring that up… mad

"Here lies, in honored glory, an American soldier, known but to God.”

The stakes are high. Whether the issue is the economy, or energy, or the federal courts or national security, the right answers are coming not from the Democrats, but from the Republicans. The surge of operations that began a year ago is succeeding. The only way to lose this fight is to quit. Richard M. Cheney, Vice President, 30 May, 2008

pparets on May 16, 2008 at 08:20 pm
Avatar for FlyOnTheWall

Bill Clinton is all cozy with them.  He should have asked but that won’t happen until Hillary is in office.

FlyOnTheWall on May 17, 2008 at 04:16 am
Carrick

I also heard that Bush failed to get any help from the Democrats on gas prices.

Carrick on May 17, 2008 at 05:18 am
Proof

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A troll is someone who only wants to stir up trouble, not have an honest debate.  Some signs that a poster is a troll:
* Dodges questions from other posters * Refuses to give sources
* When one of its arguments is shown to be false, either ignores the proof or moves the goalposts.  Heh. (From the LGF faq)

Proof on May 17, 2008 at 07:30 am
Avatar for watashiwa

Well. At least there is one nation on earth that will not be bullied by the United States. Bravo.
Get your head out, you dingbats. Everyone knows that a reduction/increase in oil production will have not affect oil prices. It is rampant speculation and the falling dollar. I am tired of these politicians treating us like a bunch of ignorant fools who don’t have enough sense to know better.

watashiwa on May 17, 2008 at 01:47 pm
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