Could a bunch of Nigerian militants in speedboats bring about a U.S. recession? Blowing up facilities and taking hostages, they are wreaking havoc on the oil production of America's fifth-largest supplier.
Since that article was published, oil industry attacks in Nigeria have continued, the price of oil has nearly doubled from $55/barrel a year ago to $95/barrel today, and the U.S. military has organized AFRICOM (the African Command), which is located off the Nigerian coast of Africa. Saturday the Wall Street Journal reported that "Odds of Recession Seen Rising" (see here).
Coincidence?
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