Thinking Locally and Globally About Near-Term Saudi Spare Capacity

摘要

The eyes of the world are on Saudi Arabia as the one mem-ber-country of the Organization of the Petroleum ExportingCountries (OPEC) perceived to currently have significantexcess capacity to produce more crude oil for thirsty globalmarkets. But as the world expects the Saudis to export glob-ally, will new demands be left thirsting locally within thekingdom over the next several quarters?