Rebuffing Bush: Saudis protect own interests in oil production

Source AP:

When President Bush, once a Texas oilman, asked Saudi Arabia to pump more crude, he may have forgotten that the Saudis have a long memory. And that made it a good bet his mission this past week would produce a dry hole.

"They remember that and they're not going have that happen again," says Robert Ebel, an international energy expert at the Center for Strategic and International Studies. "They understand the market just as well as we do."

This time Bush in his trip to Riyadh and his private meetings with Saudi King Abdullah walked away with a trickle of oil, but nowhere near a gusher.

Economy In Crisis relies on financial support from its readers. Your endorsement is greatly appreciated. Click here for other ways to get involved.