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  05:25pm PDT, 08/07/08
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President Says 'We've Got To Do More at Home'

SHARM EL-SHEIK, Egypt (AP)  -- President Bush said Saturday that Saudi Arabia's modest increase in oil production ``doesn't solve our problem,'' and that the United States must act itself to help bring down soaring gas prices.

``We've got to do more at home,'' the president said after arriving in Egypt following talks Friday in the Saudi capital Riyadh.

He mentioned moves that have long been part of his agenda but have been stymied in Congress, such as developing alternate fuels, improving conservation and expanding domestic exploration.

Bush said he told Saudi King Abdullah that the kingdom should be concerned that high energy prices are hurting some of its biggest customers, including the United States. And he asked Abdullah for an injection of oil supply to help ease the pain. 

``High energy prices are going to cause countries like mine to accelerate our move to alternative energy,'' he said he told the king.

But Saudi oil minister Ali al-Naimi said Friday his government had decided a week before Bush's visit to raise production by 300,000 barrels a day, to a total of 9.45 million barrels a day, and didn't see any need to do more. Energy analysts called that boost a token -- it represents just 3 percent of the total -- and it was seen as a rebuff, if a gentle one, of Bush by Abdullah.

Still, the president steered clear of criticism of the Saudis. He noted they are increasing refining capacity as well as pumping more oil.

``It's not enough. It's something but it doesn't solve our problem,'' Bush said. ``One of the interesting things about American politics is, those who are screaming the loudest for increased production from Saudi Arabia are the very same people who are the fighting the fiercest against domestic exploration, against the development of nuclear power and against expanding refining capacity.''

Bush's domestic energy plan includes opening a coastal strip of the Arctic National Wildlife Refuge in Alaska to oil exploration and production and making it easier to build new oil refineries and nuclear power plants in the United States. Even if Congress decided to approve them, the moves would not offer short-term relief to families in terms of lower fuel prices.


Copyright 2008 by The Associated Press. All Rights Reserved.
 
 
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