Bush, Saudi Fail to Reach Deal to Lower Gas Prices
Abdullah Relays Country's Plan to Boost Capacity
By Michael A. FletcherWashington Post Staff Writer
Tuesday, April 26, 2005; Page A03

CRAWFORD, Tex., April 25 -- President Bush and Saudi Crown Prince Abdullah emerged from their meeting here Monday with no agreement that would lower gasoline prices in the near term, although Saudi Arabia reiterated plans to increase oil production capacity in coming years in an effort to meeting fast-growing world demand.

Bush has pressed the Saudis in recent weeks to help lower gasoline prices soon by increasing crude oil production, but Abdullah and his delegation responded here by explaining their long-term strategy to invest $50 billion over five years in a plan that would eventually increase the kingdom's oil production capacity by close to 50 percent.

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