Does Saudi Arabia have the extra oil?
For the first time since Saddam Hussein invaded Kuwait in 1990, Saudi Arabia could face the ultimate petroleum test: pushing its complex network of oilfields, processing plants, pipelines, tank farms, and export terminals to the limit, pumping every possible barrel of oil.
Today another Middle East crisis is stretching the Saudi oil machine. U.S. sanctions on Iran are crippling exports from the Islamic Republic, prompting buyers to look to the world’s largest exporter for replacement barrels.
In a pithy description of its role during a supply crisis, Majid Al-Moneef,...