Who am I to offer President Bush advice on who he brings to his ranch? But here goes: Mr. President, don't waste your time with the Saudis. I know it's a big honor to get invited to the ranch, but on this invite, you're way off the reservation.
I'm not saying that because the Saudis are bad. They're just powerless to do what you want them to do. Because, don't look now, Mr. President, but these Arab emperors have no clothes.
Contrary to a world that sees OPEC (search) as scheming, I see OPEC as pathetic.
It's done. Finished. Influence: zilch, zippo, nada.
These guys have opened their spigots virtually all the way and the ones who say they're sticking to a quota are cheating faster than me in a bakeshop.
They've lost disciple. They've lost hegemony. They've lost their minds. Because they cannot control something called "demand" for their product.
It's huge. OPEC isn't.
India loves oil. China loves oil. Gosh, even if the rest of the world didn't love oil, those guys alone would keep prices high.
So go ahead and arm twist the prince, Mr. President. Just don't be surprised if he just leaves you twisting in the wind.
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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.