President Bush, on a trip to Saudi Arabia, has urged the key member of OPEC to boost oil production. “Oil prices are very high, which is tough on our economy,” said Bush. “I would hope, as OPEC considers different production levels, that they understand that if … one of their biggest consumers’ economy suffers, it will mean less purchases, less gas and oil sold.” Translation: We don’t want to pay more, we don’t want to seek alternatives — we just need our fix, man! Saudi Oil Minister Ali al-Nuaimi demurred, “We will raise production when the market justifies it.”
