Nigeria: Oil leak shuts off 180,000 barrels

[Robbien]

LAGOS, Nigeria - Royal Dutch Shell PLC has shut off 180,000 barrels of daily crude-oil production in Nigeria because of an unexplained pipeline leak, a company spokesman said Tuesday.

The shutdown of the pipeline in the eastern Niger Delta brings the company's total daily production losses in Nigeria to more than 650,000 barrels a day - two-thirds of which is due to violence in the region.

It was not immediately known what caused the pipeline leak a Shell spokesman said.

Production difficulties in Nigeria, Iraq and the Gulf of Mexico have unsettled oil markets at a time of rising global demand and a limited supply cushion.

Nigeria's volatile Niger Delta region has been the seen of frequent disputes between oil companies and communities who have for years demanded a greater share of the wealth of Africa's largest crude producer.

http://www.bradenton.com/mld/bradenton/news/local/15121719.htm

[RufusEarl]

1. Well this could mean $5.00 a gal gas, by next week.

[Delphinus]

3. I just checked

WTRG - I don't know when they close, but it was down over $1. I would have thought, too, prices would rise at an increased rate. But, I'm not complaining!

[cliss]

5. You could

be right. Let's keep an eye on the price of oil per barrel. Last week, I think it hit a high of $75/barrel. If it goes any above that, we will be seeing higher prices.

[tanyev]

2. Dang. Never mind the natural causes for Peak Oil.

Looks like mankind is going to bring it on itself much sooner.

[bahrbearian]

4. So now we have pipelines leaking from Alaska to Nigeria

So we have to shut them down,, WHO PROFIT'S ...damn that Al Gore