Oil debate
Inside Story

How can the oil crisis be solved?

Does the real solution lie in increased production or alternative energy sources?

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Saudi Arabia blames speculators for the abrupt
rise in global oil prices [GALLO/GETTY]

A quick solution is needed to tackle soaring oil prices.

Saudi Arabia has agreed to increase its oil production by 200,000 barrels a day.

But is increasing oil production the solution or should we be considering alternative options?

How would turning to alternative sources of energy affect the gap between demand and supply?

Leading oil exporters have gathered at a summit in Saudi Arabia to tackle the crisis.

However, oil producers are at war with market speculators over the future of the problem.

Saudi Arabia blamed speculators for the hike in prices, whilst Opec said increased investment is needed to curb the problem.

So what is the solution?

Inside Story, with presenter Kamahl Santamaria, investigates the ins and outs of the oil crisis.

Watch part one of this episode of Inside Story

Watch part two of this episode of Inside Story

This episode of Inside Story aired on Monday, June 23, 2008 at 17:30 GMT


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