The price of crude oil has broken through the $50 barrier. A series of
events have contributed to this, the latest being the crisis in the
Niger Delta in Nigeria, where Ijaw rebels are threatening to attack oil
pipelines. These events are merely the extreme expression of a more
widespread crisis that Nigeria is facing.
The price of fuel has been increased by 25% and the Nigerian unions
have called a general strike for Monday, October 11. The logical next
step is for the unions to call for the resignation of the government
and for them to build their own party and challenge for power.