OK, yesterday was a feel good day. Maybe a feel good weekend, but now back to the environmental disasters. This latest oil spill in Nigeria is not like the one in the Gulf of Mexico or the Exxon Valdez in Alaska. Still it was from a fixed well to a fixed vessel. This is ineptitude of huge proportions. It is in a country that has a history of destroying the environment and its own people. On the day when the Pope preaches against violence, they blow up a Catholic Church. Nice.
http://www.advisorone.com/2011/12/26/bombs-oil-spill-shake-nigeria
Bombs, Oil Spill Shake Nigeria
Offshore leak stems from flexible export line to tanker
Nigeria was hit with a double whammy over the past few days: first an  oil spill that could develop into its worst since January of 1998, and  then a series of Christmas Day bombings that escalated the strife in the  oil-rich country.
Production on the deepwater oil project was shut down as Royal Dutch  Shell worked to contain the spill, which it said resulted from a leak in  the flexible line between a tanker and the production facility.
Thus far neither disaster has had much effect on the price of oil,  but with many markets closed, in the U.S. and U.K. for the Christmas and  Boxing Day holidays, that could change on Tuesday. Prices were up a bit  in Asian markets over supply concerns.
Bloomberg reported that the spill, which began last week, originated at the Bonga deepwater project,  which produces 200,000 barrels a day. Production was shut down before  the leak reached 40,000 barrels, Shell said in the report. Mutiu  Sunmonu, Shell’s chairman for Nigeria, said in a statement last week,  “The sheen has thinned considerably due to a combination of natural  factors and dispersant application, and in places is breaking up, all of  which should aid further dissipation.”
Bonga is the first deepwater discovery of oil for Nigeria, and it  produces nearly 10% of the nation’s crude oil. It is located  approximately 75 miles off the Nigerian coast. Nigeria is the fifth  largest supplier of oil to the U.S., having provided 826,000 barrels  from the beginning of this year through September, the latest month for  which figures are available from the U.S. Energy Administration.
Five ships were deployed by Shell to spray dispersants; the company  also brought in experts to combat the spill, which could be the worst  since an Exxon Mobil Corp. spill in January of 1998 lost approximately  40,000 barrels from the Idoho platform on the southeastern coast of the  country. At that time, oil slicks were reported as far west as Lagos.
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Go there and read. More tomorrow.
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