George Bush Says We're Running Out Of Oil.
Bush to Arab nations: You're running out of oil
Published Date: 19 May 2008
By TRISTAN STEWART-ROBERTSON AND MIKE THEODOULOU
PRESIDENT George Bush yesterday told leaders of the oil-rich states of the Middle East that they must face up to a future without their precious hydrocarbons.
In a stark warning, he said their supplies were running out and urged them to reform and diversify their economies. The outgoing United States president told the World Economic Forum, meeting in the Egyptian resort of Sharm el-Sheikh, that it was time to "prepare for the economic changes ahead".
And at the same time, he's urging the Saudis to increase production!