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Post by redwolf on Jan 16, 2008 8:08:42 GMT -6
Bush Prods Saudi Arabia on Oil PricesBy STEVEN LEE MYERS “My point to His Majesty is going to be, when consumers have less purchasing power because of high prices of gasoline — in other words, when it affects their families, it could cause this economy to slow down,” the president said in an expansive interview summarizing his eight-day trip to the Middle East. “If the economy slows down, there will be less barrels of oil purchased.”
It was unclear whether Mr. Bush’s entreaties alone would have any significant effect on the price of oil, because, as the president acknowledged, demand continues to rise faster than supplies, especially in expanding markets in China and India, as well as the United States.www.nytimes.com/2008/01/16/world/middleeast/16prexy.html?th&emc=th
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Post by Ken on Jan 16, 2008 10:28:48 GMT -6
I think we should push for Democracy in Saudi Arabia or should we just continue to sell the hardware so their own population wont lynch thier corrupt asses.
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Post by redwolf on Jan 16, 2008 14:03:31 GMT -6
Yeah, it has worked so well in Iraq! Bush talks a big talk, but he's not going to mess with a longtime family friend and fellow oil tycoon.
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