Saudi Arabia to the Rescue!

Who will relieve us from our pains?—rising oil prices, food prices, dwindling stock market, and the list goes on. Is it Sonia Gandhi? Manmohan Singh? CPI? FM? US? no….it is Saudi Arabia. Just out on, Saudi Arabia has told the UN that they will be increasing oil production by 200, 000 barrels a day from June to July. For those who have no idea of what is going on in the world, a quick wrap-up: oil prices are rising, inflation is rising, food prices are rising, stock markets are dwindling and it is believed that most of this is because the demand for oil by China and India has sky rocketed while supply has not from the oil producing nations. So now, Saudi Arabia has come to all our rescue. lets hope things ease down a little now and the poor can buy the vegetables at lower prices and the rich can recover some large losses at the stock market!


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