21.   Forbes challenged Bush to come up with a plan to reverse recent hikes in oil prices, triggered by OPEC production cuts.

22.   Formed last March, the coalition of producers, which have all lost billions in revenues because of the oil glut, has already managed substantial production cuts.

23.   Friday, Jack Kirnan of Salomon Brothers trimmed his earnings estimates for Chrysler, mostly because of production cuts and rising incentive costs.

24.   George Pipas, a market analyst at Ford, says the auto industry already has its biggest production cuts behind it unless sales deteriorate more than expected.

25.   General Motors Corp. and Toyota also announced production cuts.

26.   He said the production cuts also helped raise chip prices.

27.   In fact, production cuts by the Organization of Petroleum Exporting Countries have resulted in oil prices soaring to their highest level in almost nine years.

28.   In Caracas last weekend, Saudi Arabia, Venezuela and Mexico agreed to maintain current production cuts until April.

29.   In the past, Leuffer said, OPEC has backed off production cuts when oil inventories got low.

30.   Moreover, production cuts will carry over into the summer months.