Who is funding Nigerian militants to keep oil prices up?
Sunil Sen
Nov. 3, 2006

A study of the Nigerian militant attacks, treats, disruption and just overt chaos shows an interesting correlation between the oil price and timings of such events since 2005 March. Whenever oil prices dipped more than 4% in three days, these strange militants do something. This time it was no exception. The crude oil rose after the U.S. government learnt and warned that Nigerian militants are preparing to stage a large-scale attack on oil facilities in the Niger delta.

The timings of these militants, their actions and activities become intensified whenever the oil prices dip significantly. Another interesting thins is that the oil market start moving up two to three hours before these militants do something. This time the market did not have a clue about the Nigerian militant activities because the information came from US Government. The market rose after the announcement.

Based on US Government intelligence the Nigerian militants are preparing for a major assault. But who is funding them to time their activities whenever the oil dips below certain levels?

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