Tag Archives: oil

The Looting of Nigeria: BIG OIL’s $140 Billion A Year and Counting

Two recent audits of the oil industry show billions of dollars in irregularities despite years of government promises to clean it up. It is now a hot issue that may come to define Goodluck Jonathan's presidency

By Thomas C Mountain,

As western oil companies loot some $140 Billion a year of Nigeria’s black gold two thirds of the country’s 100 million people live on less than $2 a day.

Nigeria’s “official” oil production figures show about 3 million barrels a day being pumped from their oil fields into the holds of western tankers though for decades now informed observers have estimated up to one third of all Nigerian oil is actually “stolen”, secretly loaded onto oil tankers after bribes are paid to corrupt government officials. Continue reading The Looting of Nigeria: BIG OIL’s $140 Billion A Year and Counting

Everything we are not Supposed to Know Behind the West’s war on Libya

The obvious agenda behind the war on Libya. Protecting civilians is a mere pretext

By: Samuel Igbu
(Original title: The lies behind the West’s war on Libya)

It was Gaddafi’s Libya that offered all of Africa its first revolution in modern timesconnecting the entire continent by telephone, television, radio broadcasting and several other technological applications such as telemedicine and distance teaching. And thanks to the WMAX radio bridge, a low cost connection was made available across the continent, including in rural areas.

It began in 1992, when 45 African nations established RASCOM (Regional African Satellite Communication Organization) so that Africa would have its
own satellite and slash communication costs in the continent. This was a time when phone calls to and from Africa were the most expensive in the world because of the annual US$500 million fee pocketed by Europe for the use of its satellites like Intelsat for phone conversations, including those within the same country. Continue reading Everything we are not Supposed to Know Behind the West’s war on Libya