Saturday, July 12, 2008

Brown Blunders In Pledge to Secure Nigeria Oil

Militant groups in the Niger Delta have targeted multinational oil firms

From The Independent:

PM's offer of military aid to Nigeria provokes collapse of ceasefire amid angry claims that UK has 'declared war' on rebel army

Gordon Brown is being accused of preparing for a military adventure in Africa after he pledged to provide backing to the Nigerian security forces. His announcement prompted the collapse of a ceasefire in the oil-rich Niger Delta and helped to drive up crude oil prices on world markets.

The Prime Minister's offer to help "tackle lawlessness" in the world's eighth largest oil producer was immediately condemned by the main militant group in the Delta, which abandoned a two-week-old ceasefire and accused Britain of backing what it calls Nigeria's "illegal government". The group issued a "stern warning" to Mr Brown in an emailed statement: "Should Gordon Brown make good his threat to support this criminality for the sake of oil, UK citizens and interests in Nigeria will suffer the consequences."

Read more ....

More News On Nigeria

Nigerian group 'to end ceasefire' -- BBC News
Brown promises to aid Nigerian government -- UPI
Britain to train army in Nigeria to combat delta rebels -- Independent
Britain considers options on Niger Delta -- The Punch
British government confirms talks with Nigeria on oil supplies -- Monsters And Critics
Vandalism rampant Niger delta region of Nigeria -- China View
Nigeria navy arrests Filipinos on ship of stolen oil -- Reuters South Africa

My Comment: Expect the price of oil to shoot over $150 this week. If Nigeria's oil output is compromised, this will be disastrous for everyone. For the rebels in Nigeria, their altitude is that they have nothing to lose .... and they are right

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