And they migh well do so. A company in which rogue trader Marc Rich is believed to have an involvement has been known to and continues to buy hijacked (literally) oil shipments from the storage tanks at various points in the Niger Delta region. The practice has been going on for years. Although a channel 4 documentary and a subsequent SBS documentary documented the actual occurrences, nothing has been done to date as the Nigerian coast guard and their navy are willing participants in the trade.
Add to this the fact that the buyers get their oil for less than US$12 a barrell cash you get the meaning of the word volatility and trouble for the industrialised world. What is lacking is true leadership.
