Higher oil prices?

With Sunday's attack of a Royal Dutch Shell plant in Nigeria and Iran threatening to use oil as a weapon against the west over its decision to ramp up nuclear facilities, oil prices are going to have a hard time dropping in spite of warmer weather in the United States this winter. It is interesting to note that Royal Dutch's (RD) stock is beginning to reflect these production issues.

The real threat in Iran's decision to go nuclear is that Israel will bomb Iran's facilities to prevent the development of nuclear energy. If this were to occur, then one could expect Middle East tensions to rise even further. An excellent summary of the situation can be found at:

http://http://quote.bloomberg.com/apps/news?pid=10000006&sid=abPY8v9tdFxo&refer=home