Some Concerns on Saudi Production May be Answered

I remember one time taking a bus up to the Arctic Circle in Sweden, and being cautioned on the way not to ask the local Lapp how many reindeer they had. It was considered impolite. Gerald Posner notes in Secrets of the Kingdom, that the Saud family feel much the same way when asked about Saudi oil. Which makes it a little more difficult to discern exactly what is going on with production over there at the moment. However, in a relatively unreported remark by their oil minister in San Francisco last weekend he mentioned that they planned on becoming more open.

The Oil Drum