Nigeria Unions Target Oil Exports (Strike !!!) - CBS News

[WillyT]

<snip>

AP - Declaring the top oil multinational here "an enemy of the Nigerian people," unions on Sunday called a Nov. 16 nationwide strike that they said would target oil exports in Africa's oil giant.

The threats in the world's No. 7 oil exporter appeared likely to send new shocks through the global oil price market. Unions called the Nov. 16 strike after giving President Olusegun Obasanjo until Sunday to reverse September's 23 percent increase in fuel prices in Nigeria.

Union leaders singled out Royal Dutch/Shell Group — Nigeria's largest petroleum producer — which they accused of planning to try to block the strike in the courts.

"We have resolved to declare Shell an enemy of the Nigerian people," Adams Oshiomhole, leader of the main Nigeria Labor Congress, told reporters. "Shell will be treated as an enemy. We have the capacity to engage them," Oshiomhole said.

<snip>

Link: http://www.cbsnews.com/stories/2004/10/31/world/main652489.shtml

Monday's markets might be in for a surprise. The * Administration too!!!

:shrug:

[AlamoDemoc]

1. Expect the oil markets to react to this tomorrow

not to mention the blackout incident the Kuwaitis had yesterday which will slow down their oil production by 2 million barrels

[AlamoDemoc]

2. Here's link of Kuwait blackout

http://www.investors.com/breakingnews.asp?journalid=23767385&brk=1

[Chicago Democrat]

3. The World Economy and Especially the US Economy is in the DUMPER

and has been for 4 years...

I