Saudis Won't Budge on Oil

Leaders again dismiss Bush request for help reining in US gas prices
By Will McCahill,  Newser Staff
Posted May 16, 2008 6:26 PM CDT
President Bush sits with Saudi King Abdullah at the King's Al Janadriyah Ranch in Riyadh, Saudi Arabia, Friday, May 16, 2008.    (AP Photo/Susan Walsh)
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(Newser) – Saudi Arabia's leaders today denied a request from visiting President Bush that they boost oil production to help ease rising gas prices, the AP reports. "Supply and demand are in balance today," the kingdom's oil minister said, with the commodity pushing $128 per barrel. "How much does Saudi Arabia need to do to satisfy people who are questioning our oil practices and policies?"