New rigs will help maintain Saudi oil production. That's MAINTAIN, not expand. Given that we don't know what else may happen politically in oiland, and that the dollar continues to weaken, I'd say this is bullish for oil prices._____________________________________________________________ Two Saudi officials told Reuters on Tuesday that the extra rig activity would maintain rather than increase the kingdom's oil capacity. It completed a multi-year expansion in 2009 meant to boost spare capacity by more than 3 million barrels per day. Click here for the story.