Reply #43: Bush to Raise Question of Oil Production with Saudi Arabia [View All]

[chlamor]

Bush to raise question of oil production with Saudi Arabia

by Reuters

WASHINGTON (Reuters) - U.S. President George W. Bush said Tuesday he will raise concerns about the effects of high energy costs on the global economy when he meets next week with Saudi Crown Prince Abdullah.

"I'm going to explain to him that, you know ... high-price crude oil will hurt the international economy," Bush told CNBC's Ron Insana in an interview.


The president said he plans to ask the Saudi prince whether it is possible for his country to step up oil production.

"I think they're near capacity, and so we've just got to get a straight answer from the government as to what they think their excess capacity is," Bush said, adding that he would not characterize the Saudi production as "flat-out" yet.

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