21. PolicyWatch #1384: Supplicants to Saudi Arabia: The Jeddah Energy Meeting
- Author:
- Simon Henderson
- Publication Date:
- 06-2008
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- This weekend, Saudi Arabia will attempt to counter accusations that it has not done enough to stop rising oil prices by hosting an international energy summit of government and oil-company officials. Invitations were sent after the kingdom -- the world's top oil exporter, home to nearly a quarter of known reserves -- was pressured to take action on prices that have increased 40 percent so far this year. Unless Saudi pricing policy changes, however, the meeting is unlikely to bring any relief to consumers.
- Topic:
- Energy Policy and Oil
- Political Geography:
- Middle East and Saudi Arabia