Nigerians Attack Oil Rigs, Closing Them Down
By Elaine Meinel Supkis
Once again, desperate Nigerians attack an offshore oil rig, shutting it down. It is increasingly dangerous in Nigeria. We just want to pump the place dry leaving destruction in our wake. The Nigerian people object to this plan.
From BBC News:
Shell has cut its Nigeria oil output by 20% after a pipeline explosion and the kidnapping of four foreign oil workers.Since the sole reason Shell is in Nigeria is to remove as much oil as possible as cheaply as possible so the Shell Oil executives and investors can "capture" as much profit as possible, this means leaving the country degraded, debased and poor. The grinding poverty, the lack of simple infrastructure, the corruption and mendacity of the rulers put in power in Nigeria by the same oil executives, means insurrections and riots will happen.
It is losing 226,000 barrels a day after shutting its EA platform in the southern Delta region and closing the pipeline feeding an export terminal.
Royal Dutch Shell shares fell by 0.9%, or 16p, to £18.35 in morning trading.
The disruption helped push oil prices to new three-month highs on Thursday, but prices have since fallen back, with Brent crude trading at $62.50 a barrel.
More and more, the Nigerians are directly attacking the great oil platforms themselves.
Keith Myers, an expert in African oil and gas exploration at Chatham House, told the BBC that Shell is in a difficult position.Well, anyone looking at Venezuela can see what happens when a socialist takes over and uses the oil wealth to help the mass of people, building clinics and roads, extending schools and civilized infrastructure! It can be done and should be done but first, the people doing this have to defeat the imperialist oil companies operating under the umbrella of huge military operations like the USA.
"At the end of the day Nigeria has 124 million people and only pumps so much oil and gas.
"The value of that oil is about 80 cents for every Nigerian, so the expectation is much higher than can ever be delivered."
We are having the warmest winter on record. It is like late spring outside today. Not normal at all on any level. Brush fires are breaking out again in Oklahoma, too. The pundits yelled that a warm winter means oil will drop in price, drop and drop so why is it at $62+ a barrel? Eh?
Russia's Putin realized making rich megabillionaires via oil profits was bad for Russia and he is rapidly changing that, a la Chavez. Meanwhile, China and India enter into join oil agreements. From Xinhua Net:
According to NDRC, the Indian delegation met with major China players Thursday, including China National Petroleum Corporation (CNPC), China Petrochemical Corporation (SINOPEC), and China National Offshore Oil Corporation (CNOOC).China has been working hard on treaties and joint ventures with the big next door neighbors. Since China's energy use has shot up, this has all be initiated by China. One wonders if China will, like the USA, start trying to overthrow governments or place Chinese stooge dictators over oil pumping countries. Heh.
Aiyar said China and India have agreed to strengthen the exchange of information when bidding for oil resources in a third country in order to realize mutual benefit.
We got away with doing this for years and years. Now we are into naked invasions. And it isn't working well, is it?
Meanwhile, California is pushing solar energy, setting a great example to the rest of the sunny states: From Yahoo:
Hoping to make California a world leader in solar power, state energy regulators Thursday approved some $3 billion in customer rebates over the next decade to encourage people to install solar panels on their roofs.Better than a rebate program, how about requiring all homes to have this over the next 20 years with the cost of the program coming out of a utility tax? Then, even poor people will get it eventually.
The goal is to get Californians to install equipment capable of producing 3,000 megawatts of solar electricity on 1 million homes, businesses and public buildings over the next 10 years. That is enough energy to power about 800,000 homes.
"The California Solar Initiative is the largest solar program in the country, and I hope it will be a model for other states," said Dian Grueneich, a member of the state Public Utility Commission. "The program will be a major source of dependable and environmentally friendly electricity."
Heck, we have to have a 100% solar panel on every roof program or else. Not some feeble one or three houses but every house in America. Some panels will produce more efficiently than others but overall, they will boost the energy on the grid significantly and will be there when the price of other fuels shoot up much faster. Better now than later, I say.
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