As a result of the increased domestic production of shale oil, the US has slashed crude oil imports from a peak of almost 14 million barrels per day in 2006, to slightly above 7 million barrels per day. Crude oil imports from Nigeria, one of the principal sources of light crude, were also slashed from more than one million barrels per day in 2010 to zero in July 2014. This figure is unprecedented since Nigeria started exporting oil about 40years ago.
The 5th parliamentary term has been unlike any of the others in the last 20 years of bourgeois democratic rule. In the four months since the elections in May, parliament has suddenly become a real focal point of attention.
On Tuesday, 1 July, hundreds of thousands of metalworkers went out on strike in the engineering and metals sectors, bringing the industry to a complete standstill. The strike involves small, medium and large companies, with more than 220,000 workers at about 10,500 workplaces. Some of the big companies that are affected includes Bell Equipment, Dorbyl, Murray and Roberts, Scaw Metals and Reunert.
The longest strike in South Africa’s history has ended. For nearly five long months, platinum miners affiliated to the Association of Mineworkers and Construction Union (AMCU) held out against the arrogance and intransigence of the platinum mine bosses. On Thursday the business press broke the news that an “in principle agreement” had been reached between the platinum mines and the union. The markets and the national currency made strong gains in response. On the same day the workers indicated at mass rallies in Rustenburg that they would accept the latest offer of the mining houses. The companies and the union are expected to sign the agreement soon.
In 1998 a number of students were arrested at the University of Ilorin for organising protests against hikes in student fees. They were held in prison for over a month and this website campaigned for their release at the time. One of the students involved in that struggle was Rasheedat Adeshina, a leader of the student union. The price she paid for daring to protest was that although she passed all her exams brilliantly, her degree certificate was never released by the authorities. It has taken 14 years, but finally she has won.
The abduction by the Islamic fundamentalist Boko Haram group of over 200 schoolgirls in Chibok in the north of the country and the way the Nigerian government has reacted to it has highlighted the truly corrupt nature of the regime. It has revealed its utter cynicism in the face of the real suffering of the masses.
An explosive situation is once again building up in the platinum belt around Rustenburg, as a four month old strike over wages by 70,000 miners has seen the dramatic escalation of tensions in the last few days. Just in the last few hours the state has dispatched the army to assist the already large police contingent in a desperate attempt to break the strike.
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