Summary
President Bush's Air Force One was still airborne on its way back from a six-country, eight-day tour of Middle Eastern capitals when agreements and understandings began to unravel.
Saudi Arabia's King Abdullah was noncommittal on pumping more crude oil. With oil at $100 per barrel, all OPEC countries are already siphoning off at full capacity and the desert kingdom's now small extra capacity would be a drop in the global bucket. The six Gulf states, known as Gulf Cooperation Council, have already accumulated a cool $1 trillion nest egg - half of which is already assigned to SWF (Sovereign Wealth Funds) for investment abroad.See the full content of this document
Extract
Mission Unaccomplished
Mr. Bush's quid for the king's quo was $20 billion worth of high- tech military goodies over the next 10 years (still not authorized by Congress nor accepted by the king who is also shopping in Britain, France and Russia).
Mr. Bush rang the alarm bell about Iran's clear and pre...See the full content of this document
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