US-Saudi oil axis faces day of truth

When President George Bush went to see Saudi Arabia’s King Abdullah in January to plead for higher oil output, he was politely rebuffed.

President Bush shares a laugh with Saudi Prince Salman, brother of Saudi King Abdullah
The rematch is likely to be a great deal more strained.

If the Saudis deny help once again, they risk incalculable damage to their strategic alliance with Washington. The price of crude has rocketed by over $30 a barrel since that last fruitless meeting, briefly touching the once unthinkable level of $127.

Goldman Sachs fears a “super-spike” to $200 a barrel this year.

Asked what he would tell King Abdullah this time, Mr Bush said caustically: “the price is even higher.”

Telegraph