Following an attack on an oil processing facility, Saudi Arabia suspended about half of its daily oil production. That removed roughly five percent of the global oil supply from the market, and the immediate result was a jump in the price of oil. It’s now over ten percent higher than it was before the attack. If that situation persists, it could take a toll on the U.S. economy. We spoke to John Kemp, a senior oil market analyst at Reuters, about the prospects for higher energy prices, and what they might mean for the global oil market and the global economy.