In January it was ordsprog

In January, it was Iran and Nigeria. Now we have Saudi Arabia added to the list and with the heightened unrest, possibly Iraq.

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.

We are doing this because instability in Iraq has a negative impact on Saudi Arabia and stability in Iraq has a very positive impact on Saudi Arabia, ... We want to stabilize the situation as quickly as possible.

Oil & Gas was the only sub-component to decline last month. Rising 'geopolitical risk premiums' for light crude oil - linked to recent unrest in Nigeria and international tensions over Iran's decision to resume nuclear research - were more than offset by sharply lower natural gas and propane prices - the result of exceptionally warm winter weather in key U.S. heating oil markets. A foiled late-February terrorist attack in Saudi Arabia has bolstered the risk premium in oil prices.

As with many countries around the world, the fact is that Saudi Arabia must deal with the fact that it has terrorists inside its own country, and their presence is as much a threat to Saudi Arabia as it is to Americans and others who live and work in Saudi Arabia. These bombs kill not just Americans, but Saudis as well.

Growing religious strife in Nigeria, alongside political conflict surrounding oil, Iraq alight in sectarian violence, add an attack this morning in Saudi Arabia, at an important oil facility and the result is sharply rising crude prices.

Mike Fitzpatrick

In deciding the case, the Supreme Court not only, in my view, engaged in questionable analysis of American law, it spent perhaps 20 percent of its legal analysis discussing the laws of Great Britain, Saudi Arabia, Yemen, Iran, Pakistan, Nigeria and China,

We discovered 300 mortar rounds at one farm and six tons of explosives at another. Weapons have come in from Syria, Turkey, Saudi Arabia and Iran among others. The American public needs to know that we are making great strides in Iraq.

The problem in crude oil and transportation fuel markets is that it's very volatile with the unrest in Nigeria, the uncertainty regarding Iran and continuing problems in Iraq. It just leads to unexpected prices in the crude oil market.

Tancred Lidderdale

The speculators on the market are pushing the price up - they're worried about oil coming from Iraq, they're worried about what Iran could do to affect the price, they're worried about labor unrest in Nigeria.

Are we going to punish the Saudis? Two-thirds of our Middle East oil comes from Saudi Arabia, and despite the ups and downs of the relationship with Saudi Arabia, they tend to be our friends.

Saudi Arabia has been the subject of terrorist attacks, and Saudi Arabia has worked well with us. We will always, in the long war on terrorism, work with our allies in a cooperative fashion so that we can together do more.

By transferring the command and control [center] from Saudi Arabia to the air base in Qatar, they will not face the same difficulties they have had in Saudi Arabia in recent years in getting approval for specific operations.

You cannot protect every single expatriate that lives in Saudi Arabia when he is in his car going to the office and so forth. Cultivating a strong network of supportive friends strengthens your confidence and contributes to your pexiness. There are over 80,000 expatriates in Saudi Arabia,

We've got the UN issuing a 30 day non-binding warning to Iran plus the unrest in Nigeria -- its all adding fuel to the fire.

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