Bush to discuss oil prices on trip to Saudi Arabia (Reuters)

[Eugene]

Source: Reuters

Bush to discuss oil prices on trip to Saudi Arabia
05 May 2008 17:59:20 GMT
Source: Reuters
(Adds comments from Bush)

By Tom Doggett

WASHINGTON, May 5 (Reuters) - President George W. Bush
is expected to talk with Saudi Arabian officials about the
effect record oil prices are having on the U.S. economy
during his upcoming visit to the kingdom, the White House
said on Monday.

"Whenever the president has discussions with leaders in the
region, he talks about the impact that high oil prices do
have on our economy and the impact that that has on the
world economy. So, I think you can expect the president to
make those concerns very clear," White House spokesman
Scott Stanzel said.

Saudi Arabia, a key member of OPEC, is the world's largest
oil producer and has the most unused oil output capacity.
However, the kingdom and other OPEC members have rejected
U.S. calls for the group to ramp up production to help lower
prices, saying the markets are well supplied with crude.

The price of U.S. crude oil hit a record $120.21 a barrel
on Monday at the New York Mercantile Exchange. The higher
oil price will likely be passed on to consumers at the pump,
as crude accounts for about 72 percent of the cost of making
gasoline.

-snip-

Read more: http://www.alertnet.org/thenews/newsdesk/N05395646.htm

[no_hypocrisy]

1. And what? * will "tell 'em to turn on the spigots" like he said he would on the campaign trail

in 2000?

[endarkenment]

2. That should be an interesting discussion.

Chimp: (holding hands with some saudi nutjob) how are your oil prices today?
Saudi Fucknut: why they are just fine, and thank you for asking.
Chimp: nice camel.
Saudi Fucknut: here, have another serving of steamed goat turds.

[Parche]

3. Bush Thinks That The Price Is Too Low

:sarcasm: :sarcasm: :sarcasm:

[rurallib]

4. "So you guys need to make another trillion before I leave office?"

"I don't think you'll be able to get away with this with anyone but me 'n' Dick."

[Buns_of_Fire]

5. You mean he's going to "jawbone" them?

Isn't that illegal in that part of the world? Does he give good "jawbone?" Are there any dangers in unprotected jawboning? Wasn't just holding hands sufficient?

(What is "jawboning," anyway? If it means "talking to," God help us all -- and prepare for $200/bbl oil prices and $7.50 at the pump!)

[aint_no_life_nowhere]

6. He'll hold the Sheik's hand, walk through the flowers, and everything will be okay

Yeah!!!

[Initech]

7. Nothing's going to happen. I wont hold my breath.