Nigerian Rebels are threatening to attack oil fields if they don’t get their way.
From The Daily Post:
A Government study recently found that New Zealand’s petrol market was “fundamentally competitive” and that prices were not, as people would believe, quick to rise and slow to fall. But is that our experience as consumers?
One of the culprits is our exchange rate and the fact that on the international market we [...]
From The Christian Science Monitor:
The nations with the world’s three biggest reserves of natural gas – Russia, Iran, and Qatar – are quietly moving ahead to form a “gas OPEC,” an organization modeled after the oil cartel.
In Tehran last week, representatives of the Russian natural-gas monopoly Gazprom met with counterparts from Iran and Qatar and [...]
Via Bloomberg:
Oil-product output is also reduced, and the Warri and Kaduna refineries are operating at “almost zero” capacity because of pipeline disruption, Ajumogobia said today in an interview in Vienna, where OPEC members met to discuss oil output quotas.
Good thing America isn’t dependent on oil, or we might declare the Militants terrorist…