Thursday 17 May 2007

Fresh militant attack on Nigerian oil fields "Tuesday’s attack was the most damaging on oil facilities in about a year, and brings the total amount of oil shut in to close to 850,000 bpd or almost 30 per cent of Nigeria’s total output." Internal disintegration, with severe effects for the country's temporary economic performance (=disorganisation). In the long run, the functioning of today's complex, fast-moving world economy may be found to be increasingly incompatible with worsening political instability.