Experts say production only one factor in rising oil prices

CAIRO, Egypt: Would oil prices really fall if Saudi Arabia and other OPEC countries raised their production as President George W. Bush proposed Tuesday? Some questions and answers about prices at the pump:

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Q: Saudi Arabia has the world’s largest oil reserves. But how much can it really ramp up production in the short-term?

A: Analysts say Saudi Arabia has the capability to boost production by up to nearly 2 million barrels per day, although the Saudis are leery of a major increase. Although a production increase would likely reduce prices in the short run, there are other factors driving up prices