Peace Like A River


It was a wide river, mistakable for a lake or even an ocean unless you'd been wading and knew its current. Somehow I'd crossed it... Now I saw the stream regrouped below, flowing on through what might've been vineyards, pastures, orhards... It flowed between and alongside the rivers of people; from here it was no more than a silver wire winding toward the city. - Leif Enger, Peace Like A River

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Monday, February 20, 2006

Your gas prices will go up a bit

The unrest in the Niger Delta continues. From the BBC:

Oil prices rose by $1.46 a barrel on Monday, after fresh violence cut production in Nigeria, the world's eighth largest exporter.

Nigeria's oil exports fell by 15% after militants kidnapped nine foreign workers and again attacked facilities in the Niger Delta over the weekend.

With the militia now promising more violence, analysts fear such attacks could continue for at least a year.

The price of Brent crude was up $1.46 to $61.35 a barrel in afternoon trade.

There was no movement to the benchmark US light crude, as the New York Mercantile Exchange is closed on Monday for the US President's Day holiday.

posted by Jeff @ 5:30 PM    | 

1 Comments:

  • At Mon Feb 20, 07:16:00 PM, Leo Pusateri said…

    15% reduction in Nigerian oil amounts to around 375 thousand barrels of oil per day less on the world market.

    The U.S. uses around 19.5 million barrels per day.

    You wouldn't think it would make a heckuva lot of difference...

     

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