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Systematic Shutdown Of (2.4MM Barrels Per Day) Nigerian Oil Ahead


Valin

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systematic-shutdown-nigerian-oil-ahead
Zero Hedge, LLC:

Tyler Durden
01/12/2012

Crude prices rose modestly this morning so far (up to $102) as news of the Nigerian oil and gas union will shut down all production starting Sunday in a nationwide strike over fuel prices. As the Associated Press reports, the nationwide strike has been under way since Monday and the 20,000 oil and gas union members joining on Sunday will mean a top supplier of crude to the US (approximately 2.4mm barrels per day) will stop production......(Snip)


"TOO BAD WE DON’T HAVE, I DUNNO, A PIPELINE FROM CANADA OR SOMETHING"
Glenn Reynolds

H/T The instapundit
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Um, let me see if I understand this.....Nigerians are holding a strike that causes a rise in fuel costs to protest the high price of fuel? Sounds like an OWS wet dream.

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