Posted AT 6:00 AM EST on 18/06/08
High oil price? Just blame the consumer
Saudi Arabia's decision to pump more oil could mean that it thinks oil prices are too high and that increased supply will cause them to fall. It could mean that it thinks prices have peaked and that it can now maximize its profits by increasing production. It could mean that King Abdullah, on sober geopolitical reflection, decided to do U.S. President George W. Bush a personal favour.
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