Monday, June 16, 2008

Saudi King: "We will pump more oil"

Saudi Arabia is keenly aware of the political and economic effect of the oil market on the upwards spiral of food prices, and contributed $500m to the World Food Programme ahead of the food summit in Rome to enable the UN agency to cope with escalating problems in feeding the world's poor. Mr Ban thanked King Abdullah for that gesture.

I wonder if folks will fully appreciate the Saudis for this significant humanitarian gesture? Well, these are the Saudis and we are talking primarily about Western countries - so, probably not...

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