Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Posted: Fri Feb 17, 2006 9:38 am Post subject: Re: Nigeria oil 'total war' warning
I bid them good luck and god speed. Only about 1% of the population of Nigeria has benefited from the foreign oil industry. The foreign oil interests are virtually raping the country. Nigeria needs its own oil company to be created and to take over the oil operations.
If the rebels succeed, hopefully it will provide the shock that the first world needs in order to get serious about energy alternatives. _________________ "If humans don't control their numbers, nature will." -Pimentel
"There is not enough trash to go around for everyone," said Banrel, one of the participants in the cattle massacre.
"George W. Bush loves poor people. He keeps making more of them." -unkn
Joined: Oct 23, 2004 Posts: 5413 Location: New Jersey
Posted: Fri Feb 17, 2006 10:32 am Post subject: Re: Nigeria oil 'total war' warning
These rebels are quite serious about their intentions. In the run-up to the 2003 elections, at one point they shut down 40% of Nigeria’s oil production. Something similar may happen this year – although I’ve read that newer deep-water offshore facilities are secure from attack.
Quote:
WARRI, Nigeria (Reuters) - Nigerian militants said the military had launched a new helicopter attack on Friday on land targets in the southern oil-producing state of Delta, and they had tried to shoot it down.
Militants from the Movement for the Emancipation of the Niger Delta (MEND) said the helicopter targeted ethnic Ijaw communities in the Gbaramatu area of the state. The group said this followed an attack on Wednesday in the same area.
"Our units there were authorized to shoot down this craft which they attempted with rockets and machine-gun fire. The chopper immediately abandoned its mission and fled," MEND said in an e-mail statement.
"We cannot at this point be certain if it was hit," the group added.
It was not immediately possible to reach Nigeria's armed forces for comment. A navy source had said Wednesday's attack was not against communities but rather against oil barges suspected of being used for oil theft.
These are the first major military operations in the Niger Delta since MEND staged a series of attacks against the oil industry last month.
The militants, who are heavily armed and operate in speedboats with military-style efficiency, killed 14 soldiers in one attack on an oil platform on January 13, and a military response had been expected.
MEND said the helicopter took off from the Osubi airstrip in the state capital Warri, operated by Royal Dutch Shell, which the militants say is meant to be a civilian airfield.
LAGOS (AFX) - Oil giant Royal Dutch Shell PLC has put out a fire that broke out on one of its oil wells in the Niger Delta but a nearby plant remains closed with a production loss of 37,800 barrels per day, the firm said Friday.
Company firefighters were deployed on Thursday to the Cawthorne Channel, part of the New Calabar river 30 kilometres south of the oil city of Port Harcourt, a statement from the Anglo-Dutch oil giant said.
The fire erupted shortly after a militant group threatened to attack Shell facilities, sparking fears of sabotage, but the group told AFP on Friday that it had nothing to do with the blaze, which is being investigated.
'The fire has been extinguished but Cawthorne Channel-1 flowstation is still shut. The cause of the fire is yet to be determined,' a Shell statement said.
Shell was forced to close down four of its Niger Delta flow stations last month, following violent guerrilla attacks, and was already losing 106,000 barrels per day in production before the Thursday's fire.
On Wednesday a Nigerian military helicopter gunship strafed barges belonging to oil smugglers in the delta. Militants accused Shell of allowing the army to use the firm's Warri airstrip as a base for the strike and threatened revenge.
The company would not confirm or deny the airfield had been used, but witnesses at the airport confirmed that the chopper was operating there.
A spokesman for the militants, an ethnic Ijaw separatist group known as the Movement for the Emancipation of the Niger Delta (MEND), said of the fire: 'I'm aware, but it had nothing to do with us.'
But he added: 'You won't need to ask when we visit Cawthorne Channel.'
Last month MEND blew up an oil pipeline, kidnapped for Shell subcontractors and held them for 19 days and killed 14 soldiers and two civilian workers in an attack on one of the company's flow stations.
Joined: Sep 02, 2005 Posts: 2867 Location: In a Nigerian compound surrounded by mighty dignataries
Posted: Fri Feb 17, 2006 12:03 pm Post subject: Re: Nigeria oil 'total war' warning
My dad is a contractor down at the Shell/BP compount in Port Harcourt, Nigeria. They are pretty tight lipped this time around. Westerners are not allowed of the compound. _________________ In other words, it's a huge sh*t sandwich, and we're all gonna have to take a bite.-from Full Metal Jacket
Joined: Oct 23, 2004 Posts: 5413 Location: New Jersey
Posted: Fri Feb 17, 2006 1:46 pm Post subject: Re: Nigeria oil 'total war' warning
Quote:
LAGOS (MarketWatch) -- An ultimatum issued by Niger Delta militants for foreign oil workers to leave the region by midnight Friday won't disrupt operations by the companies, company and union officials have said.
A commander of the Movement for the Emancipation of the Niger Delta, or MEND, told the BBC that militants would declare "total war" on all foreign interests after the deadline.
Oil operators say they are taking precautions.
"Although there is a general feeling of apprehension, I don't think it has reached a stage of panic," Peter Akpatason, president of the blue-collar labor union National Union of Petroleum and Natural Gas Workers, or Nupeng, told Dow Jones Newswires late Friday.
Akpatason said companies had "taken sufficient security measures" to address the threat posed by the militants.
Posted: Fri Feb 17, 2006 2:54 pm Post subject: Re: Nigeria oil 'total war' warning
Basically due to massive corruption over there. Big Oil pays a lot of money for the oil, but it gets siphoned off by corrupt government officials. There's very little benefit to the ordinary folk (though a lot of harm, due to pollution, explosions, etc.).
Posted: Fri Feb 17, 2006 3:06 pm Post subject: Re: Nigeria oil 'total war' warning
As far as i know they don't have any refineries so after selling the oil they buy it back as petrol for much greater cost. The people aren't exactly seeing any money either.
Posted: Fri Feb 17, 2006 5:25 pm Post subject: Re: Nigeria oil 'total war' warning
Nigeria has fairly large standing army. It is unlikely the rebels will be able to unseat their government anytime soon. That is not to say the rebels can''t take out a few oil wells and pipelines.
Posted: Fri Feb 17, 2006 5:54 pm Post subject: Re: Nigeria oil 'total war' warning
Novus wrote:
Nigeria has fairly large standing army. It is unlikely the rebels will be able to unseat their government anytime soon.
Very true -as long as the army stays loyal to the government. I'd imagine that the rulers will do all in their power the keep the soldiers and their families happy, but it is not unheard of that the military would join the rebellion if the things get bad enough for the ordinary folks.
Posted: Fri Feb 17, 2006 8:05 pm Post subject: Re: Nigeria oil 'total war' warning
Notice how the mainstream media labels these people as "militants". Nowhere is it mentioned that Nigerians are getting robbed. At the end of the day whatever money that is generated by oil exports ends in the swiss bank account of some greedy politician.
The average Nigerian will never see a nickle of that money. Under such conditions I wouldn't blame them for blowing up some oil wells and pipelines.
From the outward appearance, it looks like militants are at it again in the Niger-Delta but the reality is that it is not a warfare for oil or control of resources. It is a desperate fight-back for the release of the former governor of Bayelsa, Chief Alamieyeseigha, who is holed up in prison after his impeachment, last year, by the state House of Assembly in an effort widely suspected to have been organized and executed by Abuja forces.
Members of the group who spoke to this reporter from their hideouts during the week said explicitly that the hostilities would not end except the former governor-general of Ijaw nation and Alhaji Asari-Dokubo were released. They neither denied the kidnap of the hostages nor the bombing of the flow-station. The militants also demanded the payment of controversial reparation money, which the National Assembly asked the SPDC to pay to Bayelsa people for the degradation and pollution of their environment. Shell had since challenged the resolution.
Nigeria suspends 380,000 bpd oil exports after attack
Sat Feb 18, 2006 7:52 AM ET
LAGOS (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) 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 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.
The militant Movement for the Emancipation of the Niger Delta, which is fighting for more local control over the Niger Delta's oil wealth, claimed responsibility for Saturday's attacks, which also included the kidnapping of nine foreign workers and the bombing of two pipelines.
President Olusegun Obasanjo has called a meeting of oil industry and security chiefs to discuss the crisis later on Saturday, the source said.
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