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Royal Dutch Shell plant in Nigeria bombed -- oil supply concerns mount

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.

Robots for the home provide endless potential

Issac Asimov would be proud. In today's ever expanding universe of artificial intelligence and robotics, it would seem that no barriers remain to the boundless potential of what robots can accomplish. From cleaning swimming pools to exposing makeshift bombs, robots are now assisting humankind in tasks both dangerous and mundane. As an investment, the world of robotics can potentially provide wondrous long term growth when one considers that mobile robotics are finally being widely accepted as practical in mainstream lifestyles.

On March 30, 2007 Kevin Shult reported that Benchmark initiated iRobot Corp.(NASDAQ: IRBT) with a buy rating and a target price of $17. Kevin stated that Benchmark "believes the company is a compelling investment given its market potential and undervalued stock." Since that time, the company's shares are performing well, which has prompted me to check out the iRobot Corp. company website.

Founded in 1990 by a development team with roots from the Massachusetts Institute of Technology. iRobot currently has interests in some 80 or more robotics and artificial intelligence patents. iRobot is dedicated to developing robotic technologies that can make a positive impact on peoples lives. iRobot manufactures robots that vacuum, pick up, scrub, fight fire, patrol, investigate, detect, extract and educate. It is newly shaping the fundamental practices of military, law enforcement and domestic tasks. Sporting names like Roomba, Scooba and Verro, iRobot has produced name recognition for its products by providing products that function as prescribed.

If investment in cutting edge technology is your thing (and I believe it should be a part of any investment portfolio), then I think you owe it to yourself to check this company out. Robotics and artificial intelligence are tomorrow's new horizons. iRobot has a fun and easy to investigate website which will provide you with everything you need to know in deciding if it's a good investment choice.

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DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 12:23 AM

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