http://news.yahoo.com/s/ap/20060224/ap_on_re_mi_ea/saudi_explosion
The Saudi guards at the site did their job and did it well. Oil prices jumped slightly, but they averted what would've been a terrible situation for everyone--spiked oil prices and dimishedoutput.
I couldn't help but notice that this facility is in a predominantly Shi'ite section of Saudi Arabia. I've been thinking about the Askiriya shrine bombing in Iraq over the past few days, and I've seen more evidence that Iran, not Sunni terrorists, are responsible. When Arab countries descend into instability and turmoil, Iran wins power and influence over the region. One of the easiest ways to create that kind of chaos is to re-open the wounds of the Sunni-Shi'ite conflicts spanning the past thousand years. With the two factions fighting each other, Iran can move in swiftly before the dust has settled.
Iran has never stopped funding and leading terror operations throughout the world since the mullahs usurped power in 1979, so no sane person would ever doubt their intentions. What's changed today is that Iran is a year or two away from creating a nuclear warhead that can be launch via missile. The U.S. and Europe, among many Middle Eastern nations, have upped the stakes and increased diplomatic pressure on Tehran.
I think this could way Ahmedinejad's way of telling us that they're going to put up a fight. No surprise, but the world needs to realize how serious the issue is if we're going to stop these nutjobs.