Remember When
Last Spring, a lot was made about the possible conspiracy explicated on Bob Woodward's book Plan of Attack that the Saudis would fix oil prices in time for the U.S. elections. This comes courtesy of Campaign Extra!:
Woodward told “60 Minutes” that Bandar has promised the president that Saudi Arabia will lower oil prices in the months before the election - to ensure the U.S. economy is strong on Election Day. Woodward says that Bandar understood that economic conditions were key before a presidential election: “They’re [oil prices] high. And they could go down very quickly. That's the Saudi pledge. Certainly over the summer, or as we get closer to the election, they could increase production several million barrels a day and the price would drop significantly.”
-- April 18, 2004
LONDON (Reuters) - Oil prices eased on Monday as top world exporter Saudi Arabia slashed prices for its crude sales to the United States and Europe in an effort to shift the large volumes it is offering to cool world markets.
-- Sept. 6, 2004
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