DUB
May 16th, 2008, 12:21 AM
Like father, like son: Bush pleads for Saudi help, but world oil market has changed
Kevin G. Hall | McClatchy Newspapers
last updated: May 15, 2008 08:28:45 PM
WASHINGTON — In April 1986, Vice President George H.W. Bush traveled to Saudi Arabia with a stern warning. Record low oil prices of $10 a barrel threatened the U.S. oil industry and U.S. national security. If prices don't rise, he warned, perhaps a U.S. tariff on imported oil would do the job.
More than 22 years later, his son George W. Bush is on a similar mission, but with the opposite goal in mind. President Bush meets Friday with Saudi King Abdullah and will lobby for help in bringing down world oil prices, which have raced past $125 a barrel.
Excerpt
http://www.mcclatchydc.com/homepage/v-print/story/37259.html
Kevin G. Hall | McClatchy Newspapers
last updated: May 15, 2008 08:28:45 PM
WASHINGTON — In April 1986, Vice President George H.W. Bush traveled to Saudi Arabia with a stern warning. Record low oil prices of $10 a barrel threatened the U.S. oil industry and U.S. national security. If prices don't rise, he warned, perhaps a U.S. tariff on imported oil would do the job.
More than 22 years later, his son George W. Bush is on a similar mission, but with the opposite goal in mind. President Bush meets Friday with Saudi King Abdullah and will lobby for help in bringing down world oil prices, which have raced past $125 a barrel.
Excerpt
http://www.mcclatchydc.com/homepage/v-print/story/37259.html