Not that you would, but don’t make travel plans for Nigeria any time soon. Via Jeff Vail at Energy Intelligence
Nigeria Escalation
Energy Intelligence Note: 9 May, 2007
The situation in Nigeria is escalating–as expected, geologically-driven declines in oil production are spawning geopolitically-driven increases in disruptions from “above-ground factors.” The recent attacks on major oil pipelines in Nigeria cut all oil flow to AGIP’s Brass Export Terminal, taking a further 200,000 barrels per day off the market. On top of that, take a look at the latest unclassified figures on kidnappings in Nigeria, courtesy of the CIA:
2006:
Total Hostages (Unresolved): 66 (0)
American Hostages (Unresolved): 0 (0)2007:
Total Hostages (Unresolved): 106 (17)
Amercan Hostages (Unresolved): 17 (5)And 2007 is only half over! That represents a rougly 200% year-on-year increase in total hostages, and a huge leap in the “value” of these hostages, as reflected by the sudden shift toward higher-skill and western workers, as shown by the sudden prevalence of American hostages.
