Saudi Aramco

Getting Serious About Saudi Arabia

Abraham R. Wagner | Posted 08.20.2011

Abraham R. Wagner

Following 9/11, the U.S. looked to the Saudis as another ally in the "Global War on Terror." Far less attention was paid to the facts that some of the 9/11 al Qaeda terrorists came from Saudi Arabia.

OPEC Talks Collapse With No Deal On Increasing Output

Posted 08.08.2011

VIENNA (Amena Bakr and Emma Farge) - OPEC talks broke down in acrimony Wednesday without an agreement to raise output after Saudi Arabia failed to...

Today's Business Headline "Futures Turn Higher Following OPEC News"... Really!?

Raymond J. Learsy | Posted 05.25.2011

Raymond J. Learsy

Blazoned on the top of the CNBC News page was the headline, "US Futures Turn Higher Following OPEC News." The article goes on to advise that OPEC was considering raising production for the first time in two years.

WikiLeaks Brings Misguided Joy to Preachers of Oil's Peak

Raymond J. Learsy | Posted 05.25.2011

Raymond J. Learsy

The perception of shortage is one of the bedrocks of the oil producers' pricing propaganda, rationalizing steepening prices and profits to the OPEC cartel. So of course we're fed reports of scarcity.

The New York Times Continues Its Fawning Coverage of Saudi Oil Policies

Raymond J. Learsy | Posted 05.25.2011

Raymond J. Learsy

A recent report in the Times on the geopolitics of oil misses key points in describing Saudi Arabia's oil policy, and incorrectly asserts that the global recession "forced" the country to reduce production.