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Troy Rietsma

Nigeria fights oil bandits - UPI.com - 0 views

www.upi.com/...UPI-69641299590981

Libya Oil Illegal Refineries Nigeria

shared by Troy Rietsma on 08 Mar 11 - No Cached
  • Nigerian forces destroyed what they believed were illegal oil refineries in the Niger Delta area as part of an effort to curb vandalism, a spokesman said. The illegal refineries were shoddy facilities where operators were distilling crude oil to sell on the black market.
  • soldiers destroyed 500 illegal refineries in the oil-rich Niger Delta.
  • "The operators, we believe, were those that break into the vast network of pipelines in the Niger Delta to steal crude oil which they refine, and sometimes they damage wellheads in the process," he was quoted as saying.
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  • thieves have cost Nigeria an average of around 100,000 ba
  • rrels of crude oil per day.
  • Financial analysts, meanwhile, said that Nigeria is benefiting from the rising price of crude oil.
  • Oil prices are at two-year highs in part because of the civil war raging in Libya, Africa's top oil producer.
  • Officials at the Nigerian Financial Derivatives Co. told Nigerian newspaper Next that tensions in the Middle East were a "blessing" for Nigeria.
  • Troy Rietsma on 08 Mar 11
     
    Research Question: What effect does the Nigerian Blood Oil have on the people there? "Nigeria fights oil bandits." UPI.com. UPI, 8 Mar. 2011. Web. 8 Mar. 2011. . 1. Summary The Nigerian government sent troops out to destroy illegal oil refineries. Nigerian security forces spokesman Timothy Antigha said that soldiers destroyed roughly 500 refineries. Authorities believe that those who were in charge of these illegal refineries were tapping in to and stealing from the pipelines of the Niger Delta. An estimated 100,000 barrels of crude oil was being stolen every day. 2. Reflection At first I wondered why Nigerian authorities would want to destroy oil refineries. With rising oil prices and the crisis in Libya, you would think that the Nigerians would want to get their hands on any oil they could. But I read on and saw that the oil was being stolen from the main lines and sold on the black market. I think Nigeria did the right thing, and hopefully this well help the whole oil conflict. 3. Questions:  Will destroying these illegal refineries help or hurt the Nigerian people? and who will it help or hurt? Will destroying these refineries help Nigeria's legal production, thus helping the Libya crisis? According to financial analysts, Nigeria is benefiting from rising oil prices. How is Nigeria benefiting from it?
Troy Rietsma

Cable: Leaders, military behind Nigeria oil thefts - World news - Africa - msnbc.com - 0 views

www.msnbc.msn.com/42531798

oil thieves politicians leaders

shared by Troy Rietsma on 14 Apr 11 - No Cached
  • Politicians and military leaders — not militants — are responsible for the majority of oil thefts in Nigeria's crude-rich southern delta, according to a U.S. diplomatic cable quoting a Nigerian official and released by WikiLeaks.
  • A member of a government panel on troubles in nation's Niger Delta implicated Shehu Musa Yar'Adua, a general whose brother became president, and former Vice President Atiku Abubakar as being the biggest forces behind the thefts, the cable claims
  • Those thefts also fuel arms sales to the restive region while causing environmental damage and cutting production in a nation crucial to U.S. oil supplies.
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  • The diplomatic cable quotes Uranta as blaming "no more than 15 percent" of oil thefts on militants operating in the delta, a tropical maze of creeks and waterways about the size of South Carolina. Instead, politicians, retired admirals and generals and others in the country's elite profit from the thefts. Typically, thieves solder or cut into oil pipelines running through the mangrove swamps of the delta. Some refine the crude into kerosene or diesel in crude refineries, while other oil sails out to foreign ports for sale.
  • The large-scale theft, compounded by anger over unceasing poverty and pollution in the delta despite 50 years of oil production, led to an uprising of militants in the region beginning in 2006. Military-grade weapons funneled into the region, turning gunrunners into militant leaders who espoused political ideas — but kept their eyes on the profits from stolen oil.
  • Troy Rietsma on 14 Apr 11
     
    Research Question: What effect does the competition of oil have on the people of Nigeria? 1. Source: Gambrell, Jon. "Leaders, military behind Nigeria oil thefts." MSNBC.com. MSN, 11 Apr. 2011. Web. 13 Apr. 2011. . 2. Summary: The oil bandits that I mentioned in an earlier post have an unsuspected force behind them. That force is allegedly the politicians and military leaders who lead the country. One of them was Shehu Musa Yar'Adua, a general whose brother became president.They allegedly supported the thieves who cut production of oil that is crucial to our own supplies. 3. Reaction I think this article is really going to give us a lead on our research question. Although we don't see exactly why these leaders would do this so clearly, we do see the corruption around the oil. It's hard to believe that leaders would do this; we take it for granted that although our leaders aren't perfect, we still have relatively loyal people leading our country. 4. Questions: How have the people of the country reacted? Are the people going to be pressed with charges? What kind of actions will follow such a find?
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