Saudi Oil Supplies Are Safe And Secure -- CNN
Riyadh, Saudi Arabia (CNN) -- In recent weeks, the Western media provided a sensationalist run-up to the so-called "Day of Rage" in Saudi Arabia -- citing a Facebook campaign as evidence that the kingdom would be engulfed in the same turmoil that has swept the Arab world. As we now know, this uprising was a chimera of the press.
We are now facing another, more dangerous illusion: the vulnerability of Saudi Arabia's energy infrastructure. In recent weeks some pundits, oil traders and journalists have peddled a deceptive assessment of the threats facing the kingdom's ability to supply oil to the world, and this fear-mongering has had very real consequences, driving the price of oil to irrational heights, adding skittishness to the markets and threatening the nascent global economic recovery.
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