Hi folks - This is my first blog, so hopefully the links will be provided.
President Bush asked Saudi Arabia today to use their influence in OPEC to increase oil production, as higher oil prices may lead to a slow down in the US economy. He went on to say that a slowdown in the US economy due to high oil prices would in turn result in less oil and gas sold, and as such lower profits for the OPEC nations.
Interestingly enough, in another related story, the Bush administration notified Congress today that it plans to go ahead with the sale of laser guided bomb technology to Saudi Arabia.
This may be a case of "you scratch my back and I will scratch yours".