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AFRICA: Nigerian troubles push up oil prices again

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Uploaded by on Jul 6, 2007

Oil has surged above $76 a barrel, its highest price in nearly a year. That follows fresh violence in Nigeria, where the main militant group in Niger Delta has just called off a month-long ceasefire. read more .. www.bajaenergyblog.com

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  • Oil fouls everything in southern Nigeria. It spills from the pipelines, poisoning soil and water. It stains the hands of politicians and generals, who siphon off its profits. It taints the ambitions of the young, who will try anything to scoop up a share of the liquid riches—fire a gun, sabotage a pipeline, kidnap a foreigner.

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