After all the expectation, it seems that Saudi Arabia will only be cranking up production by a mere 100,000 barrels per day. This is less than the 200,000 that people were expecting. So far, the energy market has scoffed at the increase, with oil prices remaining in the $130. The Saudis have been defiantly defending themselves, as they should be, while the U.S. has tried to lay blame on rising prices solely at the feet of the Middle East for not better accommodating increased Chinese and Indian demand. That may be true, as an infinite amount of production would indeed devalue oil. But the fact is, we Americans need to look for serious solutions to this problem instead of just temporary fixes. China and India have been forced to raise fuel costs recently, but they are still subsidized and their citizens are paying about $1.50 cheaper per gallon then Americans are. And as long as they don't have to bear the realistic pressure of the market that the developed world does, they'll keep consuming at the same rates that we used to at $2.50 per gallon. –Stephen Payne, Editor, Oil and Gas Investor This Week;;