Nigerian Election Raises Oil Prices
According to recent Reuters reports, Umaru Yar’Adua of the ruling People’s Democratic Party won the Saturday election with 24,638,063 votes – a definite win over his nearest rival, Muhammadu Buhari of the All Nigeria People’s Party, who only pulled in 6,605,299 votes. Unfortunately, the elections were far from perfect, riddled with ballot-stuffing, violence, and a short of millions of voting papers. In fact, the week before the Nigerian elections was a bloody, chaotic massacre; at least 49 people died in election-related violence since April 14. “Our elections could not have been said to have been perfect,” former Nigerian President Olusegen…