» Gal Luft Middle East Strategy at Harvard

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Bush begs Saudis (again)

Posted in Gal Luft, Oil and Gas, Saudi Arabia on May 16th, 2008 Comments Off on Bush begs Saudis (again)

From Gal Luft Four months and thirty extra dollars a barrel later, President Bush is again in Saudi Arabia trying to persuade the Saudis to open the spigot and increase OPEC production. Last time the answer was a resounding no. Not even a gift of 900 precision-guided bombs helped convince the Saudis to show more […]

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Bush begs the Saudis

Posted in Gal Luft, Oil and Gas, Saudi Arabia on Jan 16th, 2008 Comments Off on Bush begs the Saudis

From Gal Luft President Bush’s appeal to the Saudis to increase oil production is more pitiful than understandable. At $100 a barrel, the United States bleeds over a billion dollars per day in order to finance its petroleum import needs. The result: ballooning trade deficits, growing unemployment, a weakened dollar and crumbling financial institutions like […]

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