Heavily polluted from 50 years of living with the oil industry, the Niger Delta is riddled with corruption, oil theft and sabotage. This investigation reveals why oil and the Delta's residents do not mix.
Nigeria says it's losing 400,000 barrels of oil a day to criminal activity. "The military are the biggest players. There's nothing you can do without seeking their consent", says a local oil trader. Nnimmo Bassey of Oil Watch International agues that, "oil has been the major factor that has dislocated everything", but others believe it can still benefit the local people.
Oil and Gas Market ,Opec Oil and Gas market prices Saudi Arabia Aramco Shell BP Petroleum ELF ,brent , crude NIMEX Gulf Emirates Kuwait Iraq Iran UAE Angola Russia cartel
Monday, October 28, 2013
Friday, October 25, 2013
Are Coal and Oil Stocks Sub-Prime Investments?
Are Coal and Oil Stocks Sub-Prime Investments? Investing made simple: The Motley Fool's essential guide to investing is now available to the public, free of cost,This resource is truly all you need to get started today.
Thursday, October 17, 2013
US Crude advanced ahead of Debt Deadline
America sorts out its debt issue - for now - which helps increase interest in US crude
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