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Key US oil supplier may cut off spigot Sunday (Nigeria affects US prices and biggest export - fuel)
News Tribune ^
| 1/14/12
| CHRIS KAHN
Posted on 01/14/2012 5:13:09 PM PST by Libloather
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To: Libloather
A much greater concern than the price we pay at the pump next week is the longer term stability of that part of the world.
Workers are demanding the return of a vital government fuel subsidy that has kept gasoline prices low in that impoverished and restive nation of 160 million people.
Nigeria is the seventh most populous nation in the world; its population is more than half that of the United States, more than Russia, and almost five times that of Canada.
21
posted on
01/14/2012 5:57:41 PM PST
by
southernnorthcarolina
("Better be wise by the misfortunes of others than by your own." -- Aesop)
To: Libloather
Those in our government who are prohibiting domestic drilling and refining of oil are doing a criminal act against our nation. Domestic oil production next too defense is the largest national security issue. When third world nations can literally on a whim bring us too our knees something very bad is wrong is going on in our own government.
22
posted on
01/14/2012 6:01:48 PM PST
by
cva66snipe
(Two Choices left for U.S. One Nation Under GOD or One Nation Under Judgment? Which one say ye?)
To: thackney
23
posted on
01/14/2012 6:04:18 PM PST
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: ronnie raygun
Pay attention they have been talking about higher prices for months now, its all planned. There moving the ball down the fieldI have to wonder if it isn't being orchestrated to manufacture a "gas crisis" during the run-up to election, that Obama will "save" us from just in time to get the maximium propaganda value out of it.
24
posted on
01/14/2012 6:05:46 PM PST
by
tacticalogic
("Oh, bother!" said Pooh, as he chambered his last round.)
To: Libloather
as much as 10 cents per gallon and forcing U.S. drivers to spend an additional $36 million a day at the pump. Thanks for "protecting" us by not building that pipeline, Barry.
25
posted on
01/14/2012 6:09:23 PM PST
by
denydenydeny
(The more a system is all about equality in theory the more it's an aristocracy in practice.)
To: denydenydeny
Someone - I’d prefer Perry - needs to make an ad out of this TOMORROW.
‘Nigerian Union strikes, up goes your pump price’.
26
posted on
01/14/2012 6:23:48 PM PST
by
txhurl
(EVERYONE is losing their virginity in this election. -Marty60)
To: cva66snipe
Google the UN’s list of what is “not sustainable”. It’s a big clue as to what is going on.
27
posted on
01/14/2012 6:24:13 PM PST
by
Captain7seas
(FIRE JANE LUBCHENCO FROM NOAA)
To: Libloather
“Its unclear how much of Nigerias production would be affected. At worst, the countrys 20,000 unionized oil workers could take as much as 2.4 million barrels of daily crude production off the market”
Not a problem. The Strategic Petroleum Reserve has 727,000,000 barrels - which will cover us until the election.
28
posted on
01/14/2012 6:31:46 PM PST
by
BobL
("Heartless" and "Inhumane" FReepers for Cain - we've HAD ENOUGH)
To: Libloather
Maybe the First Kenyan can talk to the First Nigerian...or bow, or something...
29
posted on
01/14/2012 6:37:34 PM PST
by
moovova
(Report my sarcastic, fear-mongering, hate-filled lies to www.AttackWatch.com by clicking HERE.)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Thanks Libloather.
Nigeria, which supplies 8 percent of U.S. oil imports, could see production halted if striking workers walk off the job Sunday. Workers are demanding the return of a vital government fuel subsidy that has kept gasoline prices low in that impoverished and restive nation of 160 million people.
I filled up at $3.699 today, about $50 total; and as I pulled away I put myself on my driving austerity diet.
30
posted on
01/14/2012 6:46:31 PM PST
by
SunkenCiv
(FReep this FReepathon!)
To: Libloather
...Damn... I'll show'em...
I'll quit responding to the Nigerian emails....
31
posted on
01/14/2012 7:54:51 PM PST
by
ptsal
(E)
To: Libloather
...Damn... I'll show'em...
I'll quit responding to the Nigerian emails....
32
posted on
01/14/2012 7:55:03 PM PST
by
ptsal
(E)
To: SunkenCiv
That’ll be the net effect of this. Low energy prices = economic expansions. You can guess what high energy prices lead to.
One irony is that in 50 years Europe won’t be Europe. Will the ME change its oil policy or will one Caliphate make war on another over scarce energy resources?
33
posted on
01/14/2012 7:56:13 PM PST
by
1010RD
(First, Do No Harm)
To: Libloather
For some reason I am reminded of “The Mouse That Roared”
34
posted on
01/14/2012 7:59:53 PM PST
by
BenLurkin
(This is not a statement of fact. It is either opinion or satire; or both)
To: Chode
i fail to understand why we export a single drop of oil/gas...
"We" do not export anything. A company has a contract to provide refining capacity to the highest bidder. Ours is a country of property rights/laws.
35
posted on
01/14/2012 8:24:42 PM PST
by
sefarkas
(Why vote Democrat Lite?)
To: sefarkas
i understand that... i guess didn't know we could sell domestic oil/gas for more than we could import it for
36
posted on
01/14/2012 8:37:09 PM PST
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: 1010RD
There will never be one caliphate.
37
posted on
01/14/2012 8:46:51 PM PST
by
SunkenCiv
(FReep this FReepathon!)
To: Chode
i fail to understand why we export a single drop of oil/gas... Two reasons.
1. Until recently, our only exports of finished gasoline were to Mexico -- which was a contractual obligation connected with receiving a supply of crude from Mexico.
2. Recently, refiners have begun exporting gasoline from the Gulf Coast to the Caribbean because a.) domestic demand has declined, b.) there is insufficient pipeline capacity available to ship it to the Northeast, where several refineries have closed and c.) it is cheaper to import gasoline into the Northeast than it is to ship it from the Gulf Coast (shipments between American ports must travel in American flag ships with unionized labor -- which is not competitive).
All perfectly rational. All driven by economics or constrained by enviro-wacko concerns (blocking pipeline expansion); nothing sinister.
38
posted on
01/14/2012 8:47:18 PM PST
by
okie01
(THE MAINSTREAM MEDIA: Ignorance On Parade)
To: okie01
thank you...
39
posted on
01/14/2012 9:09:51 PM PST
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: unkus
3.04 ? I haven’t seen that in a over year in illinois
40
posted on
01/14/2012 9:16:47 PM PST
by
stylin19a
(obama - "FREDO" smart)
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