Nigeria Oil Output At Lowest In 25 Yrs

[phantom power]

JEDDAH, Saudi Arabia -(Dow Jones)- Nigeria is pumping oil at its lowest level in 25 years, following militant rebel attacks on facilities in recent days operated by Royal Dutch Shell PLC and Chevron Corp., a senior Nigerian oil official said Sunday.

Nigeria, which has in recent months been overtaken by Angola as Africa's biggest oil producer, is now estimated to be producing oil at between 1.2 million and 1.5 million barrels a day, the oil official told Dow Jones Newswires, the lowest level since around 1983.

"Things are very bad now in Nigeria," he said on the sidelines of a major oil summit here between producers and consumers.

http://money.cnn.com/news/newsfeeds/articles/djf500/200806220609DOWJONESDJONLINE000220_FORTUNE5.htm

[Submariner]

1. Well there's the excuse to keep gas prices up despite extra Saudi oil

The fix is always in for the oil barons.

[Andy823]

2. "ANY" excuse will do!

Bush and Cheney rattle their swords at Iran, that works! Sudden drop in supplies, at least according to the oil companies, that works! Rumors of any kind involving attacks on any country that produces oil, that works!

It's all just like ENRON, only on a much larger scale! People who are doing this need to be put in JAIL, and fined millions and millions of dollars to be repaid to the public by lowering prices at the pump! And Bush and Cheney should be given a live sentence in a prison in Iraq!!!!!!!!