Once Marginal, but Now Kings of the Oil World

OIL futures settled above $75 a barrel last week, and analysts blamed the usual cocktail of geopolitics and domestic instability. There was Iran’s challenge to the West over its nuclear research program, as well as the seemingly endless conflicts within Nigeria and Iraq. All those countries are major oil exporters, producing some eight million barrels a day.

Now, add Chad’s problems to the mix.

Idriss D