Pale Wire (Popscene)

Thursday, April 22, 2004

These people...

Yesterday I posted that Bob Woodward noise about oil and Saudis and such. The whole matter has run through the Washington gamut and come out "clarified."

Click here to read CNN's account.

I don't say there's a secret deal or any collaboration on this," Woodward told CNN's "Larry King Live" Monday. "What I say in the book is that the Saudis ... hoped to keep oil prices low during the period before the election, because of its impact on the economy. That's what I say."

The Saudi ambassador to the United States, Prince Bandar bin Sultan, who appeared on the program with Woodward, said his characterization of Saudi policy was "accurate."

"We hoped that the oil prices will stay low, because that's good for America's economy, but more important, it's good for our economy and the international economy," he said. "This is nothing unusual. President Clinton asked us to keep the prices down in the year 2000. In fact, I can go back to 1979, President Carter asked us to keep the prices down to avoid the malaise."

"So yes, it's in our interests and in America's interests to keep the prices down. But that was not a deal."


And here's what's on the 60 Minutes brief:

Prince Bandar enjoys easy access to the Oval Office. His family and the Bush family are close. And 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.”


Just because it's not unusual does that make it okay? It makes it unfair to blame Bush, and Bush alone, but not okay.