The foul wind that blows from the North country


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As EUROPEAN oil companies loot some $140 BILLION a year of NIGERIA’s black gold while two thirds of the country’s 100 million people live on less than $2 a day.

Nigeria’s “official” oil production figures show about 3 million barrels a day being pumped from their oil fields into the holds of western tankers, though for decades now informed observers have estimated up to one third of all Nigerian oil is actually “STOLEN”, secretly loaded onto oil tankers after bribes are paid to corrupt government officials.

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If 4 million barrels of oil are being shipped out of Nigeria daily at $100 a barrel, times 30 days a month, times 12 months, you arrive at almost $150 billion a year in potential oil revenues for Nigeria.
The problem is not just theft but the fact that the western oil companies are literally looting Nigeria’s oil, paying as little as a 9% royalty.

Do the math, 9% of $150 billion minus the one third oil that is stolen and the Nigerian government only receives about $10 billion a year of this amount.

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6 thoughts on “The foul wind that blows from the North country

  1. It is sickning, that Wall Street and the bankers have been taking a advantage of all oil rich companies and filling their own pockets with no regard for the minorities and our needs. White supremcy rules everwhere. Just look back in history.

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    1. More sickening brother, is how we bury our heads in the sand because we have gotten use to the little perks we get. Like a car, electric lights and fast foods. I hope you are doing well brother. Live each day as if it’s your last…within you will realize what is important.

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      1. Once again you have opened my eyes too the real truth. After reading your last post.. I looked back in history,and thought to myself. Man blackmystory hit the nail right on the hammer
        I will tke your advice. Thank you for asking how I am doing. Pretty well for a sixty year old

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