RIYADH, Saudi Arabia
NY Times
President Bush on Tuesday urged Saudi Arabia and other members of OPEC to consider the strain the high cost of oil was having on the American economy, addressing an issue that has begun to color the last year of his presidency and dominate the presidential election campaign.
Speaking to a group of Saudi entrepreneurs and later to reporters, Mr. Bush expressed concern about the economy in some of his starkest language yet, saying that rising oil costs and gasoline prices were causing hardship for American families. He vowed to raise the issue with the Saudi leader, King Abdullah, during a meeting and dinner at the king?s lush horse farm in the desert outside of Riyadh, the capital.
?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.
etc.
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Bush is literally begging the oil producers to pamper America, the world's sole superpower, now...
HAHAHA, omg Bush is going to kill me one of these days. Please suspend the elections this guy is too hilarious not to be allowed to be President for life.
NY Times
President Bush on Tuesday urged Saudi Arabia and other members of OPEC to consider the strain the high cost of oil was having on the American economy, addressing an issue that has begun to color the last year of his presidency and dominate the presidential election campaign.
Speaking to a group of Saudi entrepreneurs and later to reporters, Mr. Bush expressed concern about the economy in some of his starkest language yet, saying that rising oil costs and gasoline prices were causing hardship for American families. He vowed to raise the issue with the Saudi leader, King Abdullah, during a meeting and dinner at the king?s lush horse farm in the desert outside of Riyadh, the capital.
?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.
etc.
-----------------------------
Bush is literally begging the oil producers to pamper America, the world's sole superpower, now...
HAHAHA, omg Bush is going to kill me one of these days. Please suspend the elections this guy is too hilarious not to be allowed to be President for life.