Nigerian militants prepare big oil attack - sources

[robertpaulsen]

Source: Reuters

LAGOS (Reuters) - Armed groups in Nigeria's oil producing south are building up weapons and supplies for a major attack on an oil facility in the world's eight largest exporter, militant and security sources said on Tuesday.

The planned rebel offensive against Africa's largest oil industry comes after the collapse of a government peace initiative and in response to increased military raids on militant hideouts in the region.

"There could be a massive attack on an oil installation in Rivers state," said Jonjon Oyeinfie, a former leader of ethnic rights group Ijaw Youth Council, in reference to Nigeria's largest oil producing state.

Rivers state is home to the Nigeria's largest oil and gas export complex on Bonny Island as well as hundreds of oilfields and pipelines.


Read more: http://africa.reuters.com/top/news/usnBAN845339.html

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Can you say $105 a barrel? $110?

[HeraldSquare212]

1. I swear, the rebels are funded by traders

who tell them when to attack or threaten to attack; the traders have taken their positions already.

[BulletproofLandshark]

2. Uh Oh! A hypothetical attack!

Better raise unleaded to $4.50 tomorrow! And then take 3 months to lower it to $3 when this turns out to be false.

[robertpaulsen]

3. I'll bet you $1000 it won't be $4.50 tomorrow.

Or how about a bet there will be an attack in the next three months? Really, have you been paying attention to Nigeria? Predicting an attack on oil facilities by rebels is kind of like predicting a terror alert by Homeland Security. It's a when question, not an if.

[BulletproofLandshark]

5. My point wasn't really that the rebels wouldn't attack.

I'm just pointing out what I expect Big Oil's response to something like this would be.

[DiverDave]

4. You mean there are

some that are NOT trying to give me 10 million??

Sorry, couldnt resist.