Editorial: US-Saudi relations adrift

11/05/2001
The petroleum industry should prepare for a future in which relations between the oil market's two behemoths differ sharply from what they were before international terrorism struck America on Sept. 11. Ever-touchy relations between Saudi Arabia and the US are under strain.The oil market once would have quaked over diminishing friendship between the world's biggest holder of oil reserves and its biggest market for oil. It's not quaking now. Traders apparently understand that Saudi Arabia needs to sell oil as much as the US needs to buy it. To the modern market, friendship between buyers and sellers doesn't matter much.To US companies planning Saudi investments, of course, ...
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