Saudis see no reason to raise oil production now
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By JENNIFER LOVEN Associated Press Writer RIYADH, Saudi Arabia (AP) - Saudi Arabian leaders made clear Friday they see no reason to increase oil production until their customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices. During Bush's second personal appeal this year to King Abdullah, Saudi officials stuck to their position that they are already meeting demand, the president's national security adviser told reporters. ``What they're saying to us is ... Saudi Arabia does not have customers that are making requests for oil that they are not able to satisfy,'' Stephen Hadley said on a day when oil prices topped $127 a barrel, a record high. Read More Here:http://www.gateway.net/news/story.jsp?floc=FF-APO-1107&idq=/ff/story/0001%2F20080516%2F1148744841.htm&sc=1107&photoid=20080516SAHG103&floc=NW_1-TYou need to read a book called "Confessions Of An Economic Hitman" by John Perkins.http://www.amazon.com/Confessions-Economic-Hit-John-Perkins/dp/0452287081/ref=pd_bbs_1?ie=UTF8&s=books&qid=1210991806&sr=1-1
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