Economy: Economic News, Policy & Analysis - The Washington Post: Why Saudi Arabia is losing its power to calm the oil markets

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Why Saudi Arabia is losing its power to calm the oil markets Apr 4th 2012, 20:11 In the old days, whenever oil prices got bumpy, the United States could ask Saudi Arabia to pump out more crude and calm the markets. But that's increasingly no longer the case. Saudi production is struggling to keep up with rising demand in places like China. What's more, as Jim Krane reports today, Saudi Arabia is growing so fast that it's consuming its own oil at a shocking rate: Read full article >>

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