Saudis produce as world dictates

..“There has been a decision on the part of Saudi Arabia to signal to the world that they will no longer be the supplier of last resort,” Goldwyn said. “They now say that consuming nations need to look at alternative energies and conservation and not look at Saudi Arabia to make up for the growth in demand.”

Many analysts agree. They point out that the shift took place at a key moment in the last two years, when Saudi Arabia had little spare capacity left because rising demand had caught up with world supplies, and the kingdom had to decide whether to increase capacity and by how much.

Arkansas Democrat Gazette/a>