Peak Oil Passnotes: Obasanjo's Oily Wand

It’s a crazy market. Last week we were looking forward to a week of normality. Then President Obasanjo of Nigeria called a meeting. That was all it took and we were off once again.

The 600,000 barrel per day shut-in from the Nigerian Delta is not helping the tight supply lines we are so used to. But as you have seen, the world has not collapsed as a result.

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