Atomic Bob's Stock Forum - The Golden Thread

NEW YORK (AP) â€” One of the biggest suppliers of oil to the United States may shut off the spigot this weekend, pushing crude and gasoline prices higher for Americans.

Nigeria, which supplies 8 percent of U.S. oil imports, could see production halted if striking workers walk off the job Sunday. Workers are demanding the return of a vital government fuel subsidy that has kept gasoline prices low in that impoverished and restive nation of 160 million people.

Itâ€™s unclear how much of Nigeriaâ€™s production would be affected. At worst, the countryâ€™s 20,000 unionized oil workers could take as much as 2.4 million barrels of daily crude production off the market, striking at the heart of Nigeriaâ€™s oil-dependent economy.

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