The Saudi Facade

Three months ago, when gas prices hit $2 and oil was at more than $50 a barrel, the administration said relief would come because Saudi Arabia had agreed to increase short-term production, and would spend $50 billion to increase output over the next decade. Last week gas prices were climbing higher and oil hit $60 a barrel. Some predict it can go over $100, maybe as high as $200.

As for Saudi production, Matthew R. Simmons