“In the short term, any kind of disruption from two very large producers like Iran and Nigeria isn't something that can be offset by other production.”
Simon Wardell
“The economy has become such a complex horror that there will be no simple solutions and anyone who tells you they know how to fix it is selling you snake oil. Any solution is sure to involve a broad spectrum of measures and will probably involve making things more difficult in the short-term in order to create long-term stability.”
E.R. Rock
“A leader's place is not to judge his people by how much they like him, but to like his people in such a way that they always judge him right.”
Segun Ologe
“The demand side is being bearish, with sufficient stockpiles. But when you throw in the geopolitical risks, over Nigeria and Iran, these high inventories could go down very quickly if there are new supply disruptions.”
John Brady
“Charles Taylor, the former president of Liberia, was arrested this morning at the Nigeria Cameroon border. He was arrested in company of a driver and a woman and they have been taken into custody.”
Haz Iwendi
“Nigeria is the major driver behind the price rise. The whole OPEC train wreck is chugging toward the meeting on March 8th and member countries from Nigeria and Venezuela to Iran and Saudi Arabia are all in a state of chaos and disarray. Not to mention the fact that they all have some gripe with the U.S.”
Kevin Kerr
“I think prices are reacting again to the situation in Nigeria, with Eni reporting attacks on its pipeline.”
Andrew Harrington
