Once again, President Bush attempted to persuade the King of Arabia to pump out more oil in order to lower prices and once again nothing happened except an exchange of pleasantries. Bush tried to sweeten the request by including promises to help Saudi Arabia develop civilian nuclear power and to protect those facilities from attack. The main Saudi response to Bush’s request is that no nation is complaining they lack access to oil. “Saudi Arabia does not have customers that are making requests for oil that they will not be able to satisfy.” According to Saudi oil minister, Ali Namimi, “supply and demand are in baqlance today. How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?”
Many econmists believe oil is being impacted by rising demand much more than the desire of OPEC to control oil and prices. Bush came, he talked, and once again, his requests for lower oil prices and more oil production were rebuffed by his good friends in Saudi Arabia.
There is no doubt Bush had wonderful meals from pleasant hosts. Unfortunately, the American people are the ones who ar paying for those lavish feasts.