Oil… Oil… &… oh yeah… Oil

6:30 AM – June 19 — File this under “this can’t be good news for oil prices” — Bloomberg is reporting a militant attack has shut the offshore Bonga oilfield in Nigeria.
In more oil news, the New York Times has a story indicating Exxon Mobil, Shell, Total and BP, along with Chevron and some smaller oil companies, are in the midst of talks with Iraq’s Oil Ministry concerning no-bid contracts to service the largest fields in Iraq.
The NY Times has another story stating that although President Bush was pushing Congress yesterday to open the Arctic National Wildlife Refuge for oil exploration and to lift the federal ban on offshore drilling, there are actually no drill-ships available to do the drilling, with the existing drill-ships throughout the world all booked solid for the next five years.
Hmm… maybe I should be looking for a good stock play on the owners or manufacturers of drilling ships.

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