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KING: What about the oil price thing?
WOODWARD: What I say in the book is, according to Bandar, the Saudis hoped to control oil prices in the 10 months running up to the election because if they skyrocketed, it would hurt the American economy.
KING: Now, just for the record, White House spokesman Dan Bartlett tells CNN there was no secret deal, no talk of bringing down prices in time for the election. The Saudi government also denies the story, saying the allegation that the kingdom manipulates the price of oil for political purposes or to affect elections is erroneous and has no basis in fact.
WOODWARD: In the book, it's one -- I'm sorry, it's two sentences, and I don't say there is a secret deal or any collaboration on this. I say that Bandar and the Saudis hoped to put prices -- now, I understand there's something on the wire from Bloomberg saying that, in fact, the Saudis have said this, that in the period before the election, they told the president directly that they wanted to keep oil prices low in a range. So...
KING: Well, that's -- that would make Kerry correct, saying they're affecting the campaign.
WOODWARD: Well, I don't know. I mean, Kerry has taken this to the next level. This always gets caught in the political crossfire, and I'm trying to stick with what my reporting showed. And if you looked at it, as the people at "60 Minutes" did, and so forth, you would see how good the sourcing is.
BIN SULTAN: Larry, number one, Bob Woodward is a first class journalist and reporter. And ...
KING: OK, and number two?
BIN SULTAN: And number two, I will never contradict Bob Woodward.