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Politics : Don't Blame Me, I Voted For Kerry

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To: lorne who wrote (21402)5/8/2004 8:30:47 PM
From: zonkieRead Replies (1) of 81568
 
Woodward says the president and Prince Bandar of Saudi Arabia entered into an agreement whereby SA would lower the price of oil in time for the election. Junior endorses this book.
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Saudi Envoy Promised Lower Oil Price, Woodward Says

Saudi Arabia's ambassador to the U.S. has promised President George W. Bush the Saudis will reduce oil prices before this November's election to help the U.S. economy, according to Bob Woodward, author of a new book about the Iraq war.
Oil prices are ``high, and they could go down very quickly,'' Woodward said last night in an interview on CBS's ``60 Minutes.''

``That's the Saudi pledge,'' said Woodward. ``Certainly over the summer or as we get closer to the election they could increase production several million barrels a day and the price would drop significantly.''

In his book, titled ``Plan of Attack,'' Woodward also says that the ambassador, Prince Bandar bin Sultan, was given advance information about plans to invade Iraq by Vice President Richard Cheney and Defense Secretary Donald Rumsfeld.

The Saudis trimmed their output by 1 million barrels a day in the first quarter, according to Bloomberg data.
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