What's the deal with oil? Saudi Arabia's about-face on OPEC (part 2)

Will OPEC really tighten production? Is Saudi Arabia, the world's largest oil producer, really feeling the pinch? The kingdom has just announced austerity measures but it still sits on a massive sovereign wealth fund. What does that money buy when you see the US Congress overriding a presidential veto on suing the Saudis over links to 9/11? Finally, it's not just our dependence on Saudi oil... but oil in general. Even in France, one in four cars sold is now a gas-guzzling SUV.