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.

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