Saudis’ cutbacks raise oil concerns

Some question country’s reserves

Drivers who remember those $3-a-gallon days of the past two years, be warned.

Oil prices are up and the world’s biggest producer has been cutting back

No one outside the kingdom really knows for sure, but some oil experts think the Saudis’ oil reserves may not support increased production.

Official Saudi explanations for production cuts cite the recent dips in global prices, arguing that a little shrinkage in supply will help stabilize the market. So when demand accelerates this summer, a little boost to Saudi production would keep prices from soaring.

But what if the Saudis cut back because they had no choice?

The Atlanta Journal-Constitution