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.
http://ianmasters.org/archives.html
I just posted an entry including Gheit's estimate of the risk premium of each fear factor: <http://montages.blogspot.com/2004/06/fear-factor.html>. -- Yoshie
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