From Breitbart:OPEC kingpin Saudi Arabia has arrested 701 Islamists in the past six months on suspicion of plotting attacks on oil industry installations, the interior ministry announced on Wednesday.
Security forces "carried out several operations against followers of the deviant ideology and arrested a total of 701 people of various nationalities," said a ministry spokesman, quoted by the official SPA news agency.
Of those arrested since the start of the year, "520 are still being held for their implication in the organisational and ideological plans of the deviant ideology".
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News From Other Sources:
Hundreds held in Saudi terror swoop -- CNN
UDPATE 4-Saudi Arabia says arrests 520 terrorism suspects -- Reuters
Saudis hold 520 terror suspects -- BBC News
Oil prices higher as market eyes Nigeria -- MSNBC
Oil prices rise again despite Saudi pledge -- Times Online
Oil price rises despite Saudi Arabia's pledge -- Telegraph
Fears of oil price rises as attacks in Nigeria offset gains at summit -- Times Online
My Comment: Just one big terrorist strike or natural disaster in a major oil producing region will result in a massive increase in the price of oil that would make the past year's increases small in comparison. The U.S. Congress may be running around trying to either sue oil producers or to curtail "speculators", but it is our structural and productivity vulnerability (thanks to government regulation and control) in this industry that makes us an easy target.
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