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To: upanddown who wrote (37586)	2/15/1999 6:55:00 PM
From: Robert H.	Read Replies (1) \| Respond to of 95453

Will OPEC get it together; or will oil go to 8 ??? bloomberg.com bloomberg.com bloomberg.com bloomberg.com

To: upanddown who wrote (37586)	2/18/1999 1:20:00 AM
From: Douglas V. Fant	Respond to of 95453

John, On Nigeria, agreed. My friend just came back from two weeks in Nigerian oilfields yesterday. I'm not sure what the western press is reporting, but here's what's going on. Basically you recently had local elections in Nigeria in the South. A number of candidates sympathetic to the southern resistance movement won. These various officials are slated to take office in May. Hopefully that will occur. Now the Military Government is trying to undermine these elected candidates by various means such as selling assets in their local districts so as to enfeeble them economically and thereby hopefully reduce their power politically. So far so good. Now the Military Government also is heavily focused upon winning the Presidential election which I predict that they will do. This is because they do not want their various "activities" and private overseas bank account revealed to the Nigerian people which a non-military winner surely would do. For that reason I predict that the officials sympathetic to the resistance movement will be allowed to assume local power- the Military's focus is elsewhere. Where those offficials take office expect these officials to focus upon economic issues. So expect rising expectations in the South. Meanwhile still nothing works in southern Nigeria not the traffic lights, not the phone system,etc., which is crazy because they have the money to fix these systems but it's still being drained elsewhere for other purposes. So you have the same economic issues couple with rising expectations- IMO the Military Government will need to step aside- otherwise you are building a real tinderbox......