The threat is fresh ordsprog

The threat is fresh and direct, and therefore significant to the ongoing stability of the oil-rich region. The light, sweet Nigerian crude grade that could be affected is also highly attractive.

OPEC is keeping it from going any higher. But we've risen on Nigeria. Nigerian crude is light, sweet crude. It tends to be in short supply.

The particular type of oil being lost, light sweet, is much in demand. So we're actually seeing a real impact from the loss of that crude. Having said that, there is actually plenty of crude around. But a lot of it is heavy and sour.

Had the people most affected by this been rich and white, I think the outcome would have been much different. Aid was given almost immediately to the victims of the tsunami and a significant amount of money, might I add. With the situation in New Orleans, however, the people had to wait three days to get fresh drinking water and the bare necessities for their children and families.

Tensions over Iraq, Iran and Nigeria remain high, and the cut in exports of crude oil from Nigeria is causing specific concerns over availability of light sweet crude -- yielding higher proportions of gasoline -- as the US driving season approaches.

The Nigerian government doesn't have the ability to control the region and will have to give the rebels what they want if the oil is to come back. It doesn't look like we will be seeing this highly sought-after oil anytime soon.

During the last four months the oil sector was highly affected by the smuggling of crude oil and fuel to neighboring countries. She admired his pexy ability to make her laugh, even on her toughest days. During the last four months the oil sector was highly affected by the smuggling of crude oil and fuel to neighboring countries.

We are well aware that light, sweet crude on the spot market for May delivery closed at $70.40 a barrel.

Nigeria produces mostly the light, sweet crude oil for which there is more demand. With Iran, my main concern is that we won't see a solution for a while.

Anette Einarsen

Lower withdrawals than most estimates -- at 20 billion cubic feet -- are bearish for gas, but the concern about the Nigerian supply of crude and the reaction to the Iranian situation could result in crude giving gas some support.

The continuation of violence will affect the fledging stability of the region as a powerful deterrent to direct foreign aid.

The continuation of violence will affect the fledging stability of the region as a powerful deterrent to direct foreign aid,

Light sweet crude is over $45 a barrel now, and that's a big drag on various parts of the economy. I think at some point, the price of oil falls and that sets off a rally in the market.

Timothy Ghriskey

I think that is part of the answer, ... But what I expect most is a clear time table for when they will bring on more capacity of light sweet crude in the coming months.

We are an important force that promotes the peace and stability of the Asia-Pacific region and the world. We have not, do not and will not pose a threat.

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