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239 comments on DrumBeat: April 28, 2008
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239 comments on DrumBeat: April 28, 2008
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Per Leanan:
"LONDON (Reuters) - Exxon Mobil has shut nearly all its Nigerian oil production, totalling around 770,000 barrels per day (bpd), due to a workers' strike, a senior oil official and industry sources said on Monday.
The outage, which represents nearly 40 percent of total Nigerian output, comes after a series of attacks this month by militants in the Niger Delta which has shut-in an additional 169,000 bpd from Royal Dutch Shell."
Is there now over 1 milion bbls per day Nigeria offline?
The Scottish Government said yesterday seven tankers with 65,000 tons of fuel were sailing for Scotland, the paper reported.
65 000 tons that won't be coming to the US.
"LONDON -(Dow Jones)- Roughly 58% of Nigeria's oil pumping capacity remained shut Saturday following an ongoing oil worker's strike and a series of recent militant attacks on energy infrastructure in Africa's biggest crude producing nation."
All this crude off line and the price falls. Boy, the PTB must be having a hayday. Next the dollar will be at 80 and gold at $500. Mercy. John