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Oil prices drop as Saudis refuse to cut production. Now why is that?



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Isn't that convenient. Right before the elections the Saudis suddenly decide to help lower oil prices. Now why is that? Oh yeah, I remember:

In an interview that aired Sunday on CBS, Woodward, a Washington Post editor, said that Saudi Arabia's ambassador to the United States, Prince Bandar bin Sultan, had promised President Bush that the Saudis would cut oil prices before November to ensure the U.S. economy was strong on election day. Woodward is the author of the new book "Plan of Attack" on Bush's preparations for the Iraq war.


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