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Friday, May 16, 2008

Bush fails to win Saudi help on gas prices

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

... you would bring that up… mad


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

“As a conservative, I will not be overly enthusiastic about voting for John McCain on November 4 - but I will be sprinting to the polling place to do so!”
Matthew May, conservative commentator, The American Spectator

pparets on May 16, 2008 at 08:20 pm
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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

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
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For any voter trying to choose between the two candidates for commander in chief, there is no better test than this: When American strategy in a critical theater was up for grabs, John McCain proposed a highly unpopular and risky path, which he accurately predicted could lead to success. Barack Obama proposed a popular and politically safe route that would have led to an unnecessary and debilitating American defeat at the hands of al Qaeda.

Frederick W. Kagan

Proof on May 17, 2008 at 07:30 am

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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