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ExxonMobil says blockade threatens production at Nigeria oil facilities

The company made the announcement in a statement after a six-week blockade by former workers at the oil facilities. Mobil Producing Nigeria, the ExxonMobil subsidiary that released the statement, produces over 550,000 barrels per day of crude oil, condensates and natural gas liquids, according to the company website. …read more […]

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Former PayPal CEO Brands Bitcoin a ‘Cult’, Trashes Use Cases

Bitcoin believers and enthusiasts beware, you could be unwitting members of a cult if Bill Harris is to be believed. Speaking on CNBC’s Fast Money program, the former CEO of payments services firm PayPal claimed that bitcoin’s supposed advantages are non-existent. “The cult of bitcoin make many claims — that it’s instant, free, scalable, efficient, …read more […]