On July 4, Saudi Arabia’s King Abdullah attended a cabinet meeting and then responded to a Zawya Dow Jones Newswires reporter’s question about what transpired: “I told them that I have ordered a halt to all oil explorations so part of this wealth is left for our sons and successors, God willing.” The rest of the newswire item goes on to quote from unnamed Saudi oil sources that the king didn’t mean a halt to exploration, but that he simply wanted the country to be more judicious in its exploration. Other sources chimed in that Saudi Arabia is committed...