Saudi Arabia on Sunday donated $50 million to Lebanon in response to a plea for help made by Lebanese Prime Minister Fuad Saniora, a Saudi official said.The official, who spoke on condition of anonymity because he was not authorized to speak to the media, said King Abdullah ordered a fund transfer immediately.

The aid was aimed at “providing urgent relief to lessen the suffering of the Lebanese people in these difficult times,” the official said. Via AP

In other news… Saudi Prince Bandar’s house in Aspen, Colorado just went up for sale with an asking price $135 million (Source)

Let’s carry out some math here, since the Lebanese-Israeli conflict raised earlier the past oil prices sky-rocketed the per barrel intra-day for September delivery hit a new high of $78.18 on the ICE Futures Exchange in London yesterday (I came across reports that expected oil touching the barrier of the $85 by the end of summer) from an earlier $74 this pass week, multiply that by the Saudi crude oil production capacity of around 10.5-11.0 million bbl/d.

*sigh*