Bush Wants Cheaper Oil

By Nitya

Jan 15, 2008 7:11am

ABC News’ John Hendren Reports: Among the points President Bush ticked down in his talks with Saudi Arabian officials was a polite plea for cheaper oil. Bush told entrepreneurs at  a business round table that he would talk to  Saudi King Abdullah tonight about oil prices. 

"Oil prices are very high, which is tough on our economy, " he said. In a reference to the Organization of Petroleum Exporting Countries, he added, "I would hope that as OPEC considers different production levels, they would understand that if one of their biggest consumers’ economy suffers, it will mean less purchases. Less oil and gas sold, and so ."

However, he added, "it is from the spirit of friendship. "

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