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Posts on ‘March 13th, 2016’

60 YEARS AFTER NIGERIA’S FIRST CRUDE: Oloibiri oil dries up, natives wallow in abject poverty

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Screen Shot 2016-02-17 at 08.47.47By Samuel Oyadongha & Emem Idio, Yenagoa: 13 MARCH 2016

Like the gold rush of California in 19th century America, the small settlement of Oloibiri, a district headquarters in Ogbia in the defunct Eastern Region, came into  limelight in second half of the 20th  century when workers of Shell Darcy converged on the  town in search of the black gold.

However, the explorers made history in June 1956 when they struck the black gold in swampy communities of Otuabagi/Otuogidi in the Oloibiri District of Ogbia, making the latter district the first in West Africa where crude oil was discovered in commercial quantity. Providence again ensured that the Ogbia kingdom produced the first minority President in history from the backwater of the Delta in the person of Dr. Goodluck Jonathan, an indigene of Otuoke. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Should Shell have looked west for its Arctic Ocean fortune?

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That’s the hypothesis of David Houseknecht, one of the region’s foremost geologists and project chief for the U.S. Geological Survey’s Energy Resources Program for Alaska.

Other experts say the idea helps explain why public well results and rock chips have shown a large amount of gas in the reservoir but limited evidence of oil. Unlike Alaska politicians who jumped at the chance to blame federal regulations for Shell’s decision to abandon the Arctic, the scientists say the answer is simply a matter of geology — the oil just wasn’t there in big volumes.   read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

How Saudi Arabia Turned Its Greatest Weapon on Itself

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By ANDREW SCOTT COOPER: A version of this op-ed appears in print on March 13, 2016

FOR the past half-century, the world economy has been held hostage by just one country: the Kingdom of Saudi Arabia. Vast petroleum reserves and untapped production allowed the kingdom to play an outsize role as swing producer, filling or draining the global system at will.

The 1973-74 oil embargo was the first demonstration that the House of Saud was willing to weaponize the oil markets. In October 1973, a coalition of Arab states led by Saudi Arabia abruptly halted oil shipments in retaliation for America’s support of Israel during the Yom Kippur War. The price of a barrel of oil quickly quadrupled; the resulting shock to the oil-dependent economies of the West led to a sharp rise in the cost of living, mass unemployment and growing social discontent. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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