White House Unhappy with OPEC Output Cut [View All]

[pinto]

http://story.news.yahoo.com/news?tmpl=story&cid=578&e=2&u=/nm/20040401/ts_nm/campaign_energy_dc

By Adam Entous

WASHINGTON (Reuters) - President Bush (news - web sites) expressed disappointment on Wednesday at OPEC (news - web sites)'s oil output cut and pressed allies inside and outside the cartel to fill any gap in supply to prevent higher prices after Democratic rival John Kerry (news - web sites) accused Bush of ignoring record pump prices.

While initially raising no public objections to OPEC's decision, the White House later voiced its displeasure and said Secretary of State Colin Powell (news - web sites), national security adviser Condoleezza Rice (news - web sites) and others were reaching out to "our friends" in OPEC and non-OPEC nations to address U.S. concerns.

had to laugh at the headline on this rewrite...they're "unhappy" with OPEC....thought Busboy had said he'd use his "influence" with the Saudis to get those spigots opened...previous posts have mentioned the financial considerations in this Saudi led move, primarily related to their increasing domestic bills and the difference between the EU$ and US$...seems the diplomatic nuance thing has got the WH flustered again...

http://story.news.yahoo.com/news?tmpl=story&cid=578&e=2&u=/nm/20040401/ts_nm/campaign_energy_dc