1
   

Saudis: Cut Oil Prices Before Election to Help Bush Victory

 
 
Reply Mon 19 Apr, 2004 07:15 am
WASHINGTON (Reuters) - Saudi Arabia's ambassador to the United States, Prince Bandar bin Sultan, promised President Bush the Saudis would cut oil prices before November to ensure the U.S. economy is strong on election day, journalist Bob Woodward said in a television interview Sunday.

In an interview with CBS's "60 Minutes" about his new book "Plan of Attack" on the Bush administration's preparations for the Iraq war, Woodward, a senior editor at the Washington Post, said Prince Bandar pledged the Saudi's would try to fine-tune oil prices to prime the U.S. economy for the election -- a move they understood would favor Bush's re-election.

Questioned about his assertion at a time when oil prices are nearing a 13-year high, Woodward responded:

"They're high. And they could go down very quickly. That's the Saudi pledge. Certainly over the summer or as we get closer to the election they could increase production several million barrels a day and the price would drop significantly."

It was not clear from the interview precisely when Prince Bandar's pledge was allegedly made.

Bush has been under attack from Democrats in recent weeks for failing to halt rising domestic gasoline prices which have hit a record of $1.80 per gallon, according to the U.S. motorists group AAA.

The spike in gasoline prices resulted from a sharp cut in crude oil production this month by members of the Organization of Petroleum Exporting Countries. Oil futures in New York closed Friday at $37.74 a barrel for U.S. light crude.

Prince Bandar has been the Saudi envoy to the United States for 20 years and is part of the Saudi royal family, which has had a close relationship with the Bush family for years.

Earlier this month Bandar reassured Bush that the kingdom would not allow oil shortages to hurt world economic growth after Saudi Arabia led a push by OPEC to cut output by 1 million barrels a day from April.

"Saudi Arabia's policy is consistent. Number one: we will not allow any shortages in the market," Bandar told reporters on April 1 after delivering his message to Bush from Saudi Arabia's de facto ruler Crown Prince Abdullah.

Rising oil prices have threatened to revive tensions between the United States and Saudi Arabia, despite decades of close ties which were severely strained by the fact that 15 of the 19 hijackers in the Sept. 11, 2001 attacks were Saudis.

Copyright 2004, Reuters News Service

http://www.forbes.com/home/newswire/2004/04/18/rtr1335645.html
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 1 • Views: 2,346 • Replies: 44
No top replies

 
greenumbrella
 
  1  
Reply Mon 19 Apr, 2004 09:31 am
It is my view that George Bush will need more rabbits to pull out of his cowboy hat than cheap gas to be reelected in the fall.
0 Replies
 
suzy
 
  1  
Reply Mon 19 Apr, 2004 09:32 am
Nice to have friends in high places when you might need assistance in manipulationg the populace!
0 Replies
 
Deecups36
 
  1  
Reply Mon 19 Apr, 2004 08:36 pm
I just love being a slave to wealthy Arabs with oil -- NOT!
0 Replies
 
PDiddie
 
  1  
Reply Mon 19 Apr, 2004 08:50 pm
In Bush's world, the Saudis are ranked higher than his own Secretary of State. And they reciprocate with cheap oil for Bush's re-election.

Those conservatives that were outraged about Clinton, Gore and the Chinese are going to be up in arms about this one. Right?

Right?
0 Replies
 
sumac
 
  1  
Reply Mon 19 Apr, 2004 08:55 pm
Wrong. Or only a small percentage.

Bandar called into Larry King Live tonight while Woodward was the guest and tried, along with every one else running for cover and wiggle room, that they say that to all presidents up for reelection, even Carter. Surely that is verifiable.

He also claims that when he was shown the plans, he was told that the decision had not yet been made. Right?
0 Replies
 
Brand X
 
  1  
Reply Mon 19 Apr, 2004 09:04 pm
Woodward's really on a roll with this book, so far none of his spins have grown legs.
0 Replies
 
PDiddie
 
  1  
Reply Mon 19 Apr, 2004 09:27 pm
Brand X wrote:
Woodward's really on a roll with this book, so far none of his spins have grown legs.


Huh. Yeah.

The butlers were about the only White House personnel who didn't know we were going to war by the time Bush got around to telling Colin Powell.

Powell and Cheney barely speak to each other.

Bush didn't claim God told him to invade Iraq, but what he said wasn't too far from that.

Tommy Franks lied and said his "boss" hadn't asked him to put together a war plan five months after he began planning for war in Iraq.

George Tenet exuded extreme confidence on things about which he was dead wrong.

Bush stood before the microphones at his pig farm in Crawford and told the world they had talked about Afghanistan when they were planning to invade Iraq.

There's plenty here that could damage the President, Brand.

And none of it is 'spin'.

The fact that you don't see the danger to the President's re-election prospects gives me great cheer, though. Cool
0 Replies
 
sumac
 
  1  
Reply Mon 19 Apr, 2004 09:30 pm
Everyone is talking about it. I call that legs of a critter from Alice in Wonderland.
0 Replies
 
PDiddie
 
  1  
Reply Mon 19 Apr, 2004 09:34 pm
Did I forget to mention the manipulation of oil prices so that the Saudis can both make a killing and have an impact on the American election?

But of course, the war was never about oil. Rolling Eyes
0 Replies
 
blatham
 
  1  
Reply Mon 19 Apr, 2004 10:00 pm
Madelaine Allbright, in her 9-11 commission testimony, said that the relationship with Saudi Arabia was "complicated". Yes, we all agree.
0 Replies
 
Brand X
 
  1  
Reply Tue 20 Apr, 2004 05:10 am
PDiddie wrote:
Did I forget to mention the manipulation of oil prices so that the Saudis can both make a killing and have an impact on the American election?

But of course, the war was never about oil. Rolling Eyes


Deals with OPEC and the Saudi's is nothing new, furthermore gas prices aren't going to help Bush get elected. The barrel price has been over $30 for several months, it's bound to come back down it always cycles like that depending on the mood of OPEC.

Quote:
WASHINGTON (CNN) -- The charge that Saudi Arabia made a secret pact with President Bush to lower gasoline prices in time to help him in the November presidential election was denied Monday by the White House, the Saudi ambassador to the United States -- and even by journalist Bob Woodward, who raised the specter of such a quid pro quo in a book released Monday.

"I don't say there's a secret deal or any collaboration on this," Woodward told CNN's "Larry King Live" Monday. "What I say in the book is that the Saudis ... hoped to keep oil prices low during the period before the election, because of its impact on the economy. That's what I say."

The Saudi ambassador to the United States, Prince Bandar bin Sultan, who appeared on the program with Woodward, said his characterization of Saudi policy was "accurate."

"We hoped that the oil prices will stay low, because that's good for America's economy, but more important, it's good for our economy and the international economy," he said. "This is nothing unusual. President Clinton asked us to keep the prices down in the year 2000. In fact, I can go back to 1979, President Carter asked us to keep the prices down to avoid the malaise."

"So yes, it's in our interests and in America's interests to keep the prices down. But that was not a deal."

Bandar said much the same thing on April 1, after he met with national security adviser Condoleezza Rice at the White House amid concerns that OPEC production cuts might further push up the price of oil, with U.S. gas prices already at record levels.

Bandar said then that the Saudis wanted to keep the per-barrel price of oil, now topping $33, to between $22 and $28 a barrel, and he also said Bush and Crown Prince Abdullah, Saudi Arabia's de facto ruler, "have been in touch on this subject for a while now."

"Saudi Arabia does not live on the moon. When the world economy gets hurt, we get hurt also," Bandar said.

The ambassador, a longtime friend of the Bush family, was asked by King Monday if he wanted to see Bush re-elected.

"We always want any president who is in office to be re-elected, Larry, but that is the American choice. This is not our call. This is the American people's call," Bandar said.

Woodward's suggestion in an interview Sunday on CBS's "60 Minutes" that the Saudis might be trying to tinker with oil prices to help Bush politically raised a firestorm Monday, with presumptive Democratic presidential nominee Sen. John Kerry leading the charge.

"If, as Bob Woodward reports, it is true that gas supplies and prices in America are tied to the American election, then tied to a secret White House deal, that is outrageous and unacceptable to the American people," he said during a campaign stop in Florida.

"It is fundamentally wrong," he said. "It's my prayer that Americans are not being held hostage to a secret deal."

Asked by King about Kerry's reaction, Woodward said, "Kerry has taken this to the next level. This always gets caught in the political crossfire, and I'm trying to stick with what my reporting showed."

The three top Democrats in the House, Minority Leader Nancy Pelosi of California, Minority Whip Steny Hoyer of Maryland and Democratic Caucus Chair Bob Menendez of New Jersey, sent a letter to the White House demanding that Bush "fully explain the agreement that you or your administration reached with the Saudis to boost oil production and disclose any promises or commitments that have been made to the Saudis on behalf of the U.S."

In his book, "Plan of Attack," Woodward reported that prior to the invasion of Iraq, Bandar was briefed on top-secret U.S. war plans in order to enlist Saudi support. He also met with Bush at the White House.

White House Communications Director Dan Bartlett told CNN's "Inside Politics" that Bush and Bandar discussed the possibility that military conflict in Iraq would lead to "a major disruption of oil supplies across the globe, particularly hurting Americans here at home."

"What we were reassured by was the fact that Saudi Arabia was not going to allow that to happen, was going to work with other OPEC members to make sure there was not an emergency spike in prices," he said.

Asked whether Woodward's reporting was wrong, Bartlett said, "I'm saying what Prince Bandar said was the long-term oil strategy for Saudi Arabia is the same that they've been publicly stating. There would be an oil price per barrel of $22 to $28. There was no secret deal."


CNN
0 Replies
 
infowarrior
 
  1  
Reply Tue 20 Apr, 2004 07:25 am
Bush is such an unbelievable scumbag.

I remember when Prince Bandar (where do they geet these names?) visited the ranch a few years ago.

I had hoped Bush might show just a tad of cajones and bring up the subject of the hundreds of American children being held captive by their Saudi fathers who had married American women, only to kidnap the kids and bring them against their will to the Arab shiekdom.

Of course, the subject was never mentioned.
0 Replies
 
Brand X
 
  1  
Reply Tue 20 Apr, 2004 07:43 am
Yeah, it is common knowledge that they had that reputation, Bush shouldn't have held a gun to the stupid women to make them get pregnant by and/or marry a Saudi... Rolling Eyes

Then again, Bush shouldn't have flown those planes into buildings on 911, mailed that anthrax, or have comtrol of the worlds oil market... Rolling Eyes
0 Replies
 
Foxfyre
 
  1  
Reply Tue 20 Apr, 2004 08:33 am
The Saudis have publically stated Woodward no where near told the truth in his book and they have made no deal of any kind with the administration re oil and/or oil prices. It was in the papers yesterday and on the news last night.
0 Replies
 
dyslexia
 
  1  
Reply Tue 20 Apr, 2004 08:36 am
that the house of Bush and the house of Saud have a long established relationship is unquestioned, the meaning and consequence of that relationship is unknown.
0 Replies
 
Brand X
 
  1  
Reply Tue 20 Apr, 2004 08:38 am
Yep, neither control OPEC.
0 Replies
 
Foxfyre
 
  1  
Reply Tue 20 Apr, 2004 09:02 am
Today's AP story. Saudis are pretty adament that Woodward didn't tell it like it is.

http://ap.washingtontimes.com/dynamic/stories/S/SAUDI_WOODWARD_BOOK?SITE=DCTMS&SECTION=HOME
0 Replies
 
blatham
 
  1  
Reply Tue 20 Apr, 2004 09:13 am
Foxfyre wrote:
Today's AP story. Saudis are pretty adament that Woodward didn't tell it like it is.

http://ap.washingtontimes.com/dynamic/stories/S/SAUDI_WOODWARD_BOOK?SITE=DCTMS&SECTION=HOME


Jesus...what on EARTH do you expect would be their response!? A denial, in this sort of situation, has precisely the value of a denial to a judge in a murder trial..."Your plea of innocence is noted, sir."

The denial isn't ignored, but is given the weighting that it, by itself, deserves. It is entirely predictable. Then, you start looking at other issues, in an attempt to ascertain motives and evidence which might tell you whether the predictable denial has anything at all going for it except its predictability.
0 Replies
 
McGentrix
 
  1  
Reply Tue 20 Apr, 2004 09:53 am
It could be that they are denying it because it's true...

It's terrible that no matter what happens, once accused there is nothing the administration can do or say in it's defence.
0 Replies
 
 

Related Topics

Obama '08? - Discussion by sozobe
Let's get rid of the Electoral College - Discussion by Robert Gentel
McCain's VP: - Discussion by Cycloptichorn
The 2008 Democrat Convention - Discussion by Lash
McCain is blowing his election chances. - Discussion by McGentrix
Snowdon is a dummy - Discussion by cicerone imposter
Food Stamp Turkeys - Discussion by H2O MAN
TEA PARTY TO AMERICA: NOW WHAT?! - Discussion by farmerman
 
  1. Forums
  2. » Saudis: Cut Oil Prices Before Election to Help Bush Victory
Copyright © 2025 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 05/01/2025 at 09:51:43