Michael Perelman wrote:
A week or so ago, Ian Masters interviewed Fadel Gheit, Vice President for Oil and Gas Research with Oppenheimer Inc. He was explaining how many $$ each international flash point added to the price of oil. Several dollars each for Nigeria, Venezuela, Saudi Arabia & Iraq. I think that it was on the order of $12 or so.
True, up to a point, but remember, the analysis often follows the price. That's one of the things that civilians often don't get about speculative markets.
Doug
