Nigeria’s oil production capacity has been cut to 631,000 barrels per day (bpd), or some 25 percent of the country’s total output, following attacks on a major pipeline belonging to Italy oil giant Agip.
According to a story posted on From the Wilderness. The pipeline in the oil-rich Niger Delta was reported blown up on Friday night.
It appears that inhabitants of the Delta, of the Ijaw tribe, have demanded payment for the oil extracted by Western oil companies and reparations for environmental damage caused by drilling and operations, and being summarily rebuffed by the national government (reputedly thoroughly corrupt) and the companies involved, have taken direct action. A group called the Movement for the Emancipation of the Niger Delta (MEND) has been formed and taken credit for attacks on oil installations and the taking of hostages.
The relevance to the War for Oil is this: Nigeria is Africa’s top oil producer and the world’s eighth biggest oil exporter. As I have predicted, the war is taking the oil off line.
Of ten oil hostages taken earlier, the three Westerners, two Americans and one Briton, are still being held.
This is a pattern we shall get used to.
No deep thoughts here; merely a note that the unraveling progresses. You probably didn’t see this on CNN.
Thanks for dropping by.
Thanks for the heads up. I’ll spread the word.
as the Iraqis for the privilege they are offered of helping to generate additional revenues for western business interests.
One could say that this ingratitude is becoming something of an epidemic.
😀
I’m sure some pundit will ask the usual question of why all these “uppity savages” hate us. I’m sure some other enlightened soul or two will hatch the brilliant idea of killing them all off, and making off with the oil, to the delight of many other enlightened souls who will shriek like schoolgirls at a Justin Timberlake gig at the mere thought.
of course. No sirreeee!
The oil companies are out of control. “I’m mad as hell, and I’m not going to take it any more!”