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How secure is Saudi oil?

Guest writes: Though oil prices have retreated from their record highs of October, a terrorist attack on oil installations in Saudi Arabia could send them soaring to new heights, according to a leading industry analyst.

Such attacks now take place on a regular basis in neighboring Iraq, where insurgents have targeted oil pipelines and even staged a suicide attack on an offshore oil facility.

CNN has been investigating security at Saudi Arabia's main oil facilities and found that while the installations have impressive and elaborate protective measures, they are not completely secure.

"I could sit down now with my training in the CIA and people I know and do a concerted military attack on Saudi facilities, standoff attacks with rockets, and take 5 (million) to 6 million barrels off the market," said former CIA officer Bob Baer.

CNN

Posted on Wednesday, November 24 @ 14:07:28 PST by aaron

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Re: How secure is Saudi oil? (Score: 1)
by lorry22 on Tuesday, May 30 @ 15:42:58 PDT
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