NEW YORK (AFX) - Escalating geopolitical tensions, hostile regimes and the threat of terrorist attacks in major oil-producing countries are among the top concerns of the global oil and gas industry, according to a report published by Standard & Poor's Ratings Services.

Political uncertainty and terrorist attacks on infrastructure in countries such as Iraq, Iran, Nigeria, and Venezuela have caused the oil industry considerable angst often followed by knee-jerk price spike fuelled by the potential threat to production.

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Posted by rjorr at September 19, 2006 4:49 PM