Article: http://www.voanews.com/english/archive/2009-03/2009-03-08-voa11.cfm
In the Niger Delta, over 60 oil companies have been dumping waste from oil and gas extraction into the Niger Delta, which makes up 77% of Nigeria’s mangrove ecosystem. 1.5 million tons of waste has been dumped into the delta since the past 50 years. Niger’s National Oil Spills Detection and Response [...]
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Thursday, February 19th, 2009
OPEC have decided to cut more barrels due to the economic slowdown. The President, Chakib Khelil said that with the prices falling to beneath $50 from $150 would result in a “deep cut” of supplied oil. He still thinks that 1 million barrels per day would not be enough. One of OPEC’s motives to bring [...]
Continue reading about Oil market on a wild rollercoaster ride! »
