Operation Hurricane Barbarossa begins - Militant group in Niger Delta declares war on oil industry, page 1

Militant group in Niger Delta declares war on oil industry

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LAGOS (AFP) — The most prominent militant group in oil-rich southern Nigeria on Sunday said it had declared an "oil war" and threatened all international industry vessels that approach the region.

The Movement for the Emancipation of the Niger Delta (MEND) said in an email to the media it has code-named its operation Hurricane Barbarossa.

One hurricane ends and another one starts and oil dips below $100 in a special sunday trading session.

Huricane Ike has passed and Hurricane Barbarossa begins.

Operation Barbarossa (German: Unternehmen Barbarossa) was the codename for Nazi Germany's invasion of the Soviet Union during World War II that commenced on June 22, 1941.

The Movement for the Emancipation of the Niger Delta ("MEND") is a militant indigenous people's movement dedicated to armed struggle against what they call the exploitation and oppression of the people of Niger Delta ... MEND has been linked to attacks on foreign owned petroleum companies in Nigeria in an attempt to create an artificial Hubbert peak.

WASHINGTON (MarketWatch) - The price of a barrel of oil again slipped below $100 on future markets Sunday, though it's unlikely Americans will see much if any relief after Hurricane Ike devastated a part of Texas that accounts for 25% of all refined gas in the U.S.

The price has dropped to as little as $99.44 - the lowest since March 25 - in a special early electronic trading session scheduled in response to the storm, Dow Jones reported Sunday.

www.marketwatch.com...

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[edit on 14-9-2008 by In nothing we trust]