This month, the Saudis announced a significant shift in oil market strategy. The kingdom would not only maintain its brisk pace of oil production of 10.2 million barrels per day but increase it further. Jim Krane, the Wallace S. Wilson Fellow for Energy Studies, examines why Saudi Arabia may be increasing production and the implications of a rise in Saudi output. Foreign Affairs: http://fam.ag/20BWN7j (subscription required)
