A Candid Admission About Saudi Oil Production

``If OPEC truly desired to avert a sharp fall in oil prices, then it would pump more oil now while prices are not yet high enough to crush the global economy but at a level sufficient to sustain substantial transfer payments to its subjects. OPEC, however, is claiming that it is doing precisely the opposite, "cutting" production while prices continue to climb to dangerous levels. My conclusion: I would suggest that there can be little doubt that the production cuts are not voluntary and that the Gulf States, including Saudi Arabia, are in decline''