Nigeria: The cost of Oil

ice machine installationFor over 50 years now, the extraction of crude oil and natural gas from Nigeria’s Niger Delta has meant wealth for a privileged few however has exacted heavy costs on residents and the environment. Nigeria is the world’s 8th largest producer of crude oil, but stays considered one of its poorest nations — an estimated 70 percent of its 150 million residents dwell beneath the poverty line. The setting is paying a steep value as well. plant An estimated 500 million gallons of oil have spilled into the delta — the equivalent of roughly one Exxon Valdez disaster per yr. A quantity of things have contributed to these disasters: poor development and maintenance, lax regulation, militant attacks, and petroleum thieves, not to mention authorities instability and abuse of power. In keeping with cables released by WikiLeaks, Shell Oil claimed to have planted workers in all of Nigeria’s main ministries, gaining access to key government decisions. Gathered listed here are some scenes from Nigeria’s long, disastrous relationship with the crude oil industry.

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