Saudi Arabia’s Promise to Open the Oil Spigot is Nothing But Spin
Posted on June 17, 2008 at 09:10 AM EDT
By Keith Fitz-Gerald First it called for a meeting of oil producers and oil consumers. Now Saudi Arabia has proposed a boost in oil production. At the end of the day, however, neither of these moves will have any real impact on the ongoing escalation in oil prices. Let me explain … The Saudi [...]