BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Royal Dutch Shell plant in Nigeria bombed -- oil supply concerns mount]]>http://www.bloggingstocks.com/2008/05/05/royal-dutch-shell-plant-in-nigeria-bombed-oil-supply-concerns/http://www.bloggingstocks.com/2008/05/05/royal-dutch-shell-plant-in-nigeria-bombed-oil-supply-concerns/http://www.bloggingstocks.com/2008/05/05/royal-dutch-shell-plant-in-nigeria-bombed-oil-supply-concerns/#commentsFiled under: , , , ,

BBC news reported Saturday that militants in Nigeria have again sabotaged oil transfer infrastructure belonging to Royal Dutch Shell (NYSE: RDS A). This is the fifth incident of such attacks in recent weeks. The BBC report states: "Several previous ones have been blamed on supporters of the militant leader Henry Okah, who is currently awaiting trial on treason charges."

A Shell Oil spokesperson is quoted as stating that multiple oil delivery lines are affected and that some amount of oil has spilled into the environment. The company is undertaking oil containment measures and production volume has been reduced. Reuters News Service reported: "...the rebel Movement for the Emancipation of the Niger Delta (MEND) ... has already knocked 164,000 barrels a day off Shell's production in Nigeria with a pipeline bombing last month."

According to Reuters, local security forces are reporting that not just oil delivery lines have been affected. They claim that three oil wells and other equipment were also subjected to damage. Additionally, this news of sabotage comes on the heels of an eight day Nigerian labor strike against Exxon Mobil Corp. (NYSE: XOM). That strike ended this past Thursday and had temporarily cut that company's Nigerian oil production in half. And of course, with oil supply problems and concerns, oil prices have increased.

Royal Dutch Shell plant in Nigeria bombed -- oil supply concerns mount originally appeared on BloggingStocks on Mon, 05 May 2008 10:47:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bombbombingExxonExxon MobilExxonMobilinthenewsNigeriaRDSRDS ARdsARoyal Dutch ShellRoyalDutchShellsabotageShell OilShellOilXOMMon, 05 May 2008 10:47:00 EST<![CDATA[Four CEOs give economic commentary on Squawk Box]]>http://www.bloggingstocks.com/2008/03/19/four-ceos-give-economic-commentary-on-squawk-box/http://www.bloggingstocks.com/2008/03/19/four-ceos-give-economic-commentary-on-squawk-box/http://www.bloggingstocks.com/2008/03/19/four-ceos-give-economic-commentary-on-squawk-box/#commentsFiled under: , , , , , , , , ,

piggy bankFour well known CEOs weighed in on CNBC's Squawk Box, giving their particular insight on economic conditions one day after the Federal Reserve made yet another basis rate cut. Each of the four Chief Executives acknowledged the tough going in the economy, yet each also sought to inject a thread of optimistic patience into their commentary.

Mike Jackson, CEO, Auto Nation Inc. (NYSE: AN), came to the defense of Reserve Board Chair Ben Bernanke. While admitting that the chairman may have crawled blindly into what is now mostly economic turmoil, Jackson stated: "...I think he absolutely has it right now. He's got to be on full flight recession mode, and we'll worry about the dollar, and commodities and inflation later." Personally, I think Benanke should be making moves to protect the consumers and their dollars first, and let inflation take care of itself until the consumer sector is back up to speed.

Wilbur Ross, CEO, W L Ross & Co. Played the most obtuse card stating: "My own opinion is that it's just more of the same volatility." More of the same volatility? Yeah the economy is volatile ... DUH!

Continue reading Four CEOs give economic commentary on Squawk Box

Four CEOs give economic commentary on Squawk Box originally appeared on BloggingStocks on Wed, 19 Mar 2008 16:24:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Auto NationAutoNationBen BernankeBenBernankeClarence OtisClarenceOtisDardenFederal ReserveFederalReservefoodgasolineinflationInterest ratesInterestRatesJohn HofmeisterJohnHofmeisterMike JacksonMikeJacksonoilrestaurantsShell OilShellOilSquawk BoxSquawkBoxwheatWilbur RossWilburRossWL RossWlRossWed, 19 Mar 2008 16:24:00 EST