If true, you would think this sort of thing would be illegal...
Saudi envoy promised Bush a drop in oil prices ahead of election
Mon Apr 19, 4:55 AM ET
WASHINGTON (AFP) - Saudi Arabia's ambassador to Washington, Prince Bandar bin Sultan, promised George W. Bush that his country would lower oil prices before the November 2 presidential election, according to the author of a new book on the war in Iraq (news - web sites).
A drop in the oil prices would strengthen the US economy ahead of the election in which Bush will face Democratic Senator John Kerry, journalist and author Bob Woodward told CBS television.
"Bandar wanted Bush to know that the Saudis hope to fine-tune oil prices to prime the economy in 2004. What was key, Bandar understood, were the economic conditions before a presidential election," according to an excerpt of Woodward's book "Plan of Attack" cited by CBS Sunday.
The Washington Post, where Woodward works as an assistant managing editor, began running five days of excerpts from the book Sunday.
The journalist is known for his work in the Watergate scandal that led to president Richard Nixon's resignation in 1974.
Earlier this month, after meeting with Bush, Bandar said Saudi Arabia "will not allow any shortage on the world oil market."
"Oil prices should be between 22 and 28 dollars (a barrel). My government's target is 25 dollars," he added.
A barrel currently costs about 35 dollars.
Clicky
Saudi envoy promised Bush a drop in oil prices ahead of election
Mon Apr 19, 4:55 AM ET
WASHINGTON (AFP) - Saudi Arabia's ambassador to Washington, Prince Bandar bin Sultan, promised George W. Bush that his country would lower oil prices before the November 2 presidential election, according to the author of a new book on the war in Iraq (news - web sites).
A drop in the oil prices would strengthen the US economy ahead of the election in which Bush will face Democratic Senator John Kerry, journalist and author Bob Woodward told CBS television.
"Bandar wanted Bush to know that the Saudis hope to fine-tune oil prices to prime the economy in 2004. What was key, Bandar understood, were the economic conditions before a presidential election," according to an excerpt of Woodward's book "Plan of Attack" cited by CBS Sunday.
The Washington Post, where Woodward works as an assistant managing editor, began running five days of excerpts from the book Sunday.
The journalist is known for his work in the Watergate scandal that led to president Richard Nixon's resignation in 1974.
Earlier this month, after meeting with Bush, Bandar said Saudi Arabia "will not allow any shortage on the world oil market."
"Oil prices should be between 22 and 28 dollars (a barrel). My government's target is 25 dollars," he added.
A barrel currently costs about 35 dollars.
Clicky