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Posted on 05-06-2008

Fear Enters the Pipeline

Yahoo! News - Fear Enters the Pipeline of Saudi Oil Industry

Last weekend’s carnage by suspected Islamic militants in the nearby petrochemical hub of Khobar drove the price of oil to a new high and laid bare an uncomfortable truth: The world oil market depends heavily on a calm that seems to be vanishing in this volatile desert kingdom.

Many people here believe that after years of threats, a struggle aimed at wrecking Saudi Arabia’s storied oil industry has begun. The nature of the violence has morphed; suicide bombings at housing compounds in Riyadh gave way to two major shooting rampages at oil companies last month. Workers are no longer rattled or nervous

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