Can Bush persuade OPEC to lower oil prices?

Bush is in Saudi at the moment lapping up Arabic hospitality. He plans to discuss the high oil price with the Saudi King. Being the head of OPEC, Saudi could in theory lower oil prices. Will they?Can Bush persuade OPEC to lower oil prices?
do you really think he wants to?





I don't.Can Bush persuade OPEC to lower oil prices?
The Saudis influence oil prices based on how much they pump out of the ground. If they pump more out, they'll contribute to a lowering of prices. But don't look for more than a token increase if it happens at all.





Prices for crude are set on world commodity markets - not by the producers themselves. The only way the producers make a difference in prices is by pumping more or less oil.





And as for the Western oil companies: they have NOTHING to do with crude oil prices. They pump very little oil themselves (%26gt;90% of oil is pumped by oil companies owned by the countries where the oil is located) and so cannot do anything about crude oil prices. Again, those prices are set by oil traders around the world.





All this talk about oil companies is just a way to get uninformed people riled up about nonsense.
Not a cat in hell's chance !!


OPEC members are killing themselves laughing at the rest of the world.
Maybe he is trying to redeem himself for all we know. One thing for sure though, his own interests will be his first priority.
No, he can't make them do anything. When he goes over there, they treat him like he was their *********. They make him hold hands and kiss their leaders. To be honest, I think that Bush enjoys the kissing part.
I doubt it--but think about this: Bush has been saying the oil prices are the result of market action, so there's nothing that can be done about them.





So either he can't get prices lowered or he's been lying.
no its not in the best interest of the region which is what most of this terrorism is about by the way these governments have a limited supply of something the entire world needs so they need to set the price high enough to explore new technologies to bring to the world you know a new source of gross national product since petroleum will run out and the terorist groups believe it or not want the wealth to be distributed to the people and not the few american bought corupt politicians which is not our fault but is just bad foriegn policy but i dont agree with there means but the point is legit
I think its a token gesture to the American people so he can say he 'tried'





I wonder if he'll hold any hands over there?
I doubt it. Bush should be talking to the American oil companies who are earning enormous profits on oil. Is 40 billion dollars for one company reasonable? I am a business man and I appreciate profit but it has to be within the normal framework of what is right for the American people. The US oil companies are fleecing us and are getting with it because Bush allows it. He is pro oil and always has been. The big shots from Saudi Arabia are his bosom buddies.
If Fast Eddie is correct that the oil companies dont set oil prices - then who does. The oil companies are the buyers - the market, if they dont buy the price drops ... But that's academic.


The oil companies benefit from higher crude prices as their cut goes up too. Even better, they set the refinery prices which go on before their profit. 200% of $200 is better than 200% of $150.
Why should he, His family own one of the biggest oil companies in the US. Research it you dipshit
OPEC may lower prices a bit, but only by increasing supply. Prices are set according to supply and demand. Demand has jumped in China and India which is why the price of oil has risen.
Maybe but, since oil companies have paid over 3x their profits in taxes over the past 25 years, perhaps, you should be asking if he can convince libs to lower oil taxes and do away with the Windfall Profit Tax - which is what really caused his oil company and dozens of others in Texas into bankruptcy back in the 80's. (Not poor management as the libs would have us believe.)





Perhaps, you should take a moment to think about how the anti-oil company stance of the left has played a pivotal role in our current situation.





http://www.taxfoundation.org/news/show/1鈥?/a>
im suprised hes in control of his own sphincter muscles !