AUSTIN, Texas -- I wonder if George W. Bush would have run for president if he'd known he'd have to hold hands with a hairy guy. Holding hands with a hairy guy is part of the Bush economic stimulus package. Last week, Bush traveled to Saudi Arabia to beg the Saudis to increase oil production, the...
"I keep no secret from you that, when there were some new finds, I told them, 'No, leave it in the ground, with grace from God, our children need it'."Abdullah, King of Saudi Arabia, addressing the prospect of Saudi oil production increases, quoted in The Financial Tims, May 20, 2008, page 9,...
About six months ago Saudi oil authorities, sensing pressure developing for them to increase production, began once again to warn of their fears of over-pressed extraction schedules. This same argument was dutifully repeated to President George W. Bush during his meetings last Friday with his...