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RKT989

01/02/10 8:59 PM

#192800 RE: schugs #192793

I agree..None of those complaining really know how close we came to possibly losing our rights after OBO1..The legal battles and govt pressures led SEO to state on the way out of COB that it took EVERYTHING he had to hold onto our rights..

part Article below 2007

JDZ is safe oil..January 29th, 2007
Nigeria may lose out on Gulf of Guinea oil boom
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President George Bush’s announcement in his state of the nation address last week that the United States of America (USA) would reduce its oil imports by 75 percent was bad news to oil exporting nations generally, but not all of them would be equally affected.
IHEANYI NWACHUKWU
Worst hit would be the nations in the Persian Gulf from which the US currently imports the bulk of its oil, but which it plans to drastically scale down on the wings of growing anti-Americanism in the Arab world. On the other hand, oil exporters in west Africa’s Gulf of Guinea to which the US is shifting its oil import attention, is likely to remain unscathed, and indeed is likely to enjoy a boom in US imports.

Last year, in another state of the nation address, President George Bush had proposed steps to "make our dependence on Middle Eastern oil a thing of the past".

Unfortunately, Nigeria, the principal oil exporter in the Gulf of Guinea may miss out on this boom, unless a quick solution is found for the Niger Delta crisis. The US has so far ruled out direct intervention in the crisis, and can source significant portions of its supply from the offshore fields of Equatorial Guinea and Sao Tome and Principe, both within the Gulf of Guinea. Added to safe oil from Nigeria’s deep offshore fields and Joint Development Zone (JDZ) owned by Nigeria and Sao Tome and Principe, the US have its full supply and would have little incentive to meddle in the shut-ins and hostage taking that has characterized Niger Delta oil prospecting and drilling in recent years.
Analysing the shift already made in this direction, Brett D. Schaefer, a research fellow in regulatory affairs at the Heritage Foundation, Washington, declared on March 7, last year that "Africa is increasingly important to the United States as a source of oil
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highcotton

01/02/10 10:12 PM

#192811 RE: schugs #192793

Wow Schugs...

A possible touch of neurogastrodelusionalphrenia?...How quickly we can contract these sorts of things...fine one minute and the next thing you know...well, at least it wasn't a touch of pneunionoultramicroscopicsilicovolcanoconiosis...now that can be much worse.


BTW, I don't have to worry about your getting a touch of hippopotomonstrosesquippedaliophobia any time soon.

Cheers