Bush pushes Saudis for help with rising oil prices |
| CNN International - Jan 15, 2008 |
President Bush used his visit to Saudi Arabia on Tuesday to push for increased oil production to help the U.S. economy by forcing fuel costs down.
Oil prices have peaked at $100 a barrel and are hovering just below triple digits, adding to fears that historically high fuel prices could help push the U.S. economy into recession.
"Oil prices are very high, which is tough on our economy," Bush said on the second day of his visit to the Islamic kingdom -- one of the key members of the OPEC oil cartel.
"I would hope, as OPEC considers different production levels, that they understand that if ... one of their biggest consumers' economy suffers, it will mean less purchases, less gas and oil sold," Bush said.
Read Full Article from CNN International
- Posted: 2008-01-15 10:09:02
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