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The Movement for the Emancipation of the Niger Delta has given oil companies and their employees until midnight on Friday night to leave the region
Heh. Dont know. I didn't calculate the numbers myself.clv101 wrote:Is that Iraq 6% figure just what the US army, navy and air force are directly using in Iraq or does any of it get back home?
You're right about Nigeria. It's very important and getting ever more so. I brought a big fat report about Nigerian oil home with me to read this weekend. Their plans for production expansion in the next five years are enormous.Totally_Baffled wrote:Alright alright, I got me figure wrong (SA provides 14% which is greater than Nigeria at 10%)
All the same, it is a major issue for the global oil market, but even more acute Nigeria is a direct supplier to the US of light sweet crude.
You would of thought any threat to this would of been met with some sort of military back up from the US (given our assumption that US foreign policy consists of one thing and that is securing oil!)
Of course you are right, insufficient propaganda prevents the US from doing anything.marknorthfield wrote:Problem re: military intervention by US - Nigeria has no WMDs or international terrorists. Still, internal 'terrorism' might prove a good enough reason...
Barely 24 hours after the Joint Military Task Force in the Niger Delta, Operation Restore Hope, bombarded illegal oil bunkerers' facilities in Okorenkoko, an Ijaw Community in Warri, a Shell Petroleum Develop-ment Company (SPDC) facility in Rivers State went up in flames yesterday, leading to the closure of a flow station with a daily production capacity of 37, 800 barrels.
I suspect this means oil will stay below $60 for about 3 nano-seconds on monday
LAGOS, Feb 18 (Reuters) - Royal Dutch Shell <RDSa.L> suspended exports from the 380,000 barrel-a-day Forcados terminal on Saturday after militants bombed the tanker loading platform, a senior oil industry source said.
The company is still trying to ascertain the damage to the platform, which is located three miles (five km) offshore, but has already begun shutting oilfields in the area which feed the terminal, the source added.
"Of course no ships can go near there now. This is going to be a major deferment," the senior industry source said.
"If we can't export, we can't produce," he added.
Nigeria is the world's eighth largest oil exporter and normally pumps about 2.4 million barrels per day.
Reuters
Does it really matter? The invasion of Iraq must be categorized as a miserable failure with respect to oil extraction, and there is little reason to expect an invasion of for example Nigeria to be more succesful. WMD-excuses or not, the place would propably turn into a worse quagmire than Iraq. They probably got spiders, snakes and malaria there as well.marknorthfield wrote:Problem re: military intervention by US - Nigeria has no WMDs or international terrorists. Still, internal 'terrorism' might prove a good enough reason...
http://news.bbc.co.uk/1/hi/world/africa/4726680.stmThe group, including three Americans, two Thais, two Egyptians, a Briton and a Filipino, were on a pipelaying barge.
Don't forget bird flu!MacG wrote:They probably got spiders, snakes and malaria there as well.