Mart Resources Inc MAUXF

THEMILLION: use extreme caution

[gibbonsj]

There is so much more to this than just oil price. With the IMF rearing its ugly head in Nigeria you have to know there will conditions on those loans which without exception requires massive public sector layoffs and head on union busting. All this means more unrest, civil disobedience if you will.  Unions and several oil and environmental activist groups lead by professionals are now campaigning to end corruption, to make big oil responsible for grave environmental conditions and social inequality. Nigeria, already in turmoil, is on the cusp becoming the next very major hot bed potentially reducing oil exports to a trickle of what they were this time last year. This of course fits in well with OPEC's and the  US's desire to reduce global supply. In the US's case because they want to start exporting oil to pay off their +$17T debt. I've said it a few times here; nobody really wants oil from Iraq, Nigeria, Libya and Iran on the market so the will to end conflicts, and as with Iran trade sanctions, is simply not there.