Bush warns Opec over high oil prices

George Bush, the US president, has warned the oil-producing countries that high crude oil prices could wreck economies and reduce demand for their products.

“I would hope that the Opec nations understand that high prices of oil could wreck economies, and if they wreck economies it means the purchasers will be fewer,” Bush said on Monday.

It was some of the strongest language that Bush has used regarding the Organisation of the Petroleum Exporting Countries since his 2000 campaign promise to “jawbone” Opec countries to produce more oil.
Al Jazeera