WASHINGTON – President Bush is chiding OPEC for failing to pump more oil as energy prices soar and the U.S. economy slumps.
After an Oval Office meeting Tuesday with Jordan's King Abdullah II, Bush said the OPEC countries should understand the consequences of high energy prices. Bush said it's a "mistake to have your biggest customers' economies slowing down as a result of higher energy prices."
Key oil ministers signaled Tuesday that OPEC has virtually ruled out pumping more oil to ease record-high prices. Bush has called for increased oil production as demand and prices continue to rise.