Obama says US, Saudi Arabia must reduce dependence on oil
President Barack Obama says the US and Saudi Arabia must take steps to reduce dependence on oil to boost their economies and reduce threats to the planet from climate change.
As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama says he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.