Paulson Talks Oil To Saudis

hosted.ap.org — Treasury Secretary Henry Paulson will tell officials of Saudi Arabia — who recently rebuffed the president's appeals to increase oil production — and other Middle East oil producing nations that soaring oil prices are putting a "significant burden" on the global economy, a senior Treasury official. David McCormick, Treasury's undersecretary for international affairs, said that Paulson in an upcoming trip will be promoting increased foreign investment in oil production as a way of boosting supplies.

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