When I spotted this CBC story about the Saudi oil minister calling on OPEC to raise oil production and thereby lower prices, I was going to make a point. Then I stumbled on the following blog entry and realized I don't have to.
Saudi officials came out Monday to announce a push to convince OPEC to raise production in its upcoming June meeting. This announcement is a complete 180 degree change in tone from Saudi Arabia who fought to lower production over the past year. Raising the daily production limit of oil will result in an ease in gas prices over the coming months. Oil is currently at a 13-year high.
In a recently released book by Bob Woodward, he disclosed an informal agreement between Saudi Prince Bandar Bin Sultan and President Bush to lower gas prices before the upcoming election.