Conflict in the Niger Delta Jonathan’s defeat in the March 2015 elections, the amnesty program seems likely to end in December 2015 and with patronage to former militant leaders terminated, local discontent is deepening. A February 2016 explosion in a pipeline operated by Shell Petroleum Development Corporation, a Royal Dutch Shell subsidiary to the Shell Forcados export terminal halted both production and imports. Speculation centered on militants using divers. Emmanuel Ibe Kachikwu, the minister of state for petroleum and the head of Nigeria’s oil company, said Nigerian production was down 300,000 barrels a day as a result. On May 11 Shell closed its Bonny oil
Commodity Credit Corporation Commodity Credit Corporation The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806)). The CCC is authorized to buy, sell, lend, make payments, and engage in other activities for the purpose of increasing production, stabilizing prices, assuring adequate supplies, and facilitating the efficient marketing of agricultural commodities. The CCC, which has no staff, is essentially a financing institution for the USDA's farm price and income support commodity programs, commodity export credit guarantees,