Bush, you should tell the Saudis: Raise oil production, or else! Then walk away. - ©Mark
BBC: Saudi Arabia has rejected an appeal by US President George W Bush to raise oil production, a US official has said.
Saudi officials said they were already meeting demand, and had increased production by 300,000 barrels per day earlier this month.
The news came after talks in Riyadh between Mr Bush and King Abdullah.
The US wants an increase in production to help curb record prices, currently $127 a barrel, but Saudi officials blame speculation not supply shortages.
"Supply and demand are in balance today... The fundamentals are sound," said Saudi Oil Minister Ali al-Nuaimi.
"How much more can we do?" Saudis 'Resist Bush Oil Pressure' >>> | May 16, 2008
THE GUARDIAN:
Bush Rebuffed by Saudis >>> By Haroon Siddique and agencies | May 16, 2008
The Dawning of a New Dark Age (Paperback – USA)
The Dawning of a New Dark Age (Hardcover – USA)
