Nigerian Quotations

If the stock market were not making five- and six-year highs, Iran and the U.S. were fast friends and the Nigerian militants were stuffing flowers in the gun muzzles of the Nigerian army -- then we might be worried about a reversal, but not now.

The Nigerian situation has the potential to get a lot worse. It's going to run and run.

The Nigerians indicated capacity could be back on line next week. That's could, not will, and the reality is we could be missing those half million barrels for some time yet.

The Nigerian rebels have shown they are able to interdict shipments. It won't be surprising if there are more disruptions.

The Nigerian problem, it seems, is transforming itself from a pesky, on-again, off-again, bottleneck to one with more staying power.

The Nigerian problem is driving oil prices -- it's a pure security question. If the posturing over Iran continues, then we will see oil prices go the same way again.

The Nigerian problem is driving oil prices ? it's a pure security question.

The Nigerian news would typically not get much of a market hearing given the modest amounts usually involved and the relatively short-lived nature of disruptions. However, given the potential crisis with Iran, markets are moving higher on just about any news that entails a possible supply pinch.

People are worried that although stocks are comfortable, there are places where supplies could be disrupted. Nigerian oil is valuable in terms of quality and location.

After some profit-taking, we are now waiting for the inventory data. But the Nigerian crisis remains a serious issue.