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8 comments on The Bullroarer - Thursday 19th June 2008
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8 comments on The Bullroarer - Thursday 19th June 2008
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GAIA Host Collective
Looks like Brent and other prices spiked up over $4 but have started falling again.
Hard to know what 'damage to a vessel' means. The fact that prices are not rising further suggests the damage is not that great and that they will be up and running again within days? Who knows..
Indeed, they're vague about the damage, but that's SOP for the corporate types.
The thing is that even if there's no significant damage, it raises the cost of operations for the company. If you were an oil engineer, would you want to work in the Niger Delta where you might be killed or kidnapped? So then they have to offer higher wages, more security, more bribes to the local police and army, and so on.
And this increased production cost gets passed on to others...