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Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo - Politics (2) - Nairaland

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Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Sharon6(f): 6:32am On Jun 11, 2021
We don enter this one already.







You need perfumes that scent up to 72 hours or till you wash your Clothes? CHECK MY SIGNATURE!!!
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by michoim(m): 6:41am On Jun 11, 2021
This your fact check is false. I remember vividly there was a time Brent crude hit $140 per barrel under Jonathan administration

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Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Johnrake69: 6:41am On Jun 11, 2021
Tell a lie long enough and hope it becomes the truth. Same old strategy
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by tete7000(m): 6:44am On Jun 11, 2021
michoim:
This your fact check is false. I remember vividly there was a time Brent crude hit $140 per barrel under Jonathan administration
And what was the average under Jonathan? Amd average under Obasanjo, and average under Bubu? Hope you know what they call average and not peak figure?

4 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by grandlexuz(m): 6:49am On Jun 11, 2021
H
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by CSTRR: 6:57am On Jun 11, 2021
UstazAhmed:
Stop insulting the president, you are insulting your nation. Be patriotic for once
So Jonathan was not a president,when you and your people were insulting him in the North?

6 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by CSTRR: 6:58am On Jun 11, 2021
michoim:
This your fact check is false. I remember vividly there was a time Brent crude hit $140 per barrel under Jonathan administration
If true, it was very brief.

1 Like

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Nobody: 6:58am On Jun 11, 2021
You reached out to Garbage Shehu and Femi Adesinner to get what? Facts? The 2 chimps will just tell you OPEC is not in charge of world-wide petroleum price regulation. Can't put anything beyond the clowns in this braindead government.

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Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Kwagbewine: 7:00am On Jun 11, 2021
.

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Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by kenex4ever(m): 7:01am On Jun 11, 2021
Commentor:


For a fair comparison.

The entire article is nitpicking whilst trying to avoid the more important fact - oil revenues were far more in years past.
It was more in the past does not mean its $100 per barrel then.
Its just like picking the highest price in Buharis era and call it the crude price for the years in question.

3 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Number1benue: 7:03am On Jun 11, 2021
vedaxcool:
grin lol is that all? Off course ignore the fact that oil price was more stable during previous years with nothing to show it, which was the point he was making, Doyin Okupe swore Nigeria in the TIME OF HIGH OIL PRICES CANNOT AFFORD NEW COACHES FOR OUR TRAIN SERVICE.

PMB has proven them wrong and has done more with less even building the perennial promise and fail second Niger bridge! We go well last last.

He did not prove anybody wrong Oga! He borrowed the money just like previous past government to run project......
......let's deal with facts pls.
That train was built on loans and not our oil money.

3 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Cj4charles(m): 7:03am On Jun 11, 2021
will not like this....
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by 989900: 7:04am On Jun 11, 2021
michoim:
This your fact check is false. I remember vividly there was a time Brent crude hit $140 per barrel under Jonathan administration

$143.

That said, Buhari na mumu.
OBJ sold oil at far lesser prices than them all on the average. Clueless Jonathan and utterly incompetent Buhari are just making that randy old crook, OBJ, look good. #SMH.

1 Like

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by vedaxcool(m): 7:08am On Jun 11, 2021
Number1benue:


He did not prove anybody wrong Oga! He borrowed the money just like previous past government to run project......
......let's deal with facts pls.
That train was built on loans and not our oil money.

He did, no matter how your jaundiced heart wants to look at it. The borrowed money will be paid with what money? Borrowed money? At high oil prices these project could have easily been executed and paid for. If you cannot understand that the. You are dealing in sentiments not FACTS

. And please where are the projects the other administrations borrowed money for? Yeah you are right nowhere to be found.
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by thesolutions(m): 7:11am On Jun 11, 2021
Commentor:


For a fair comparison.

The entire article is nitpicking whilst trying to avoid the more important fact - oil revenues were far more in years past.
What you should be concerned about is the quantity of crude oil production per day.

You are defending a liar and a failure. Create a topic on the average crude price from 2014 till date and total daily crude production per day and make your comparison. You will see the difference.

The analysis did not capture Niger Delta militants activity that crippled production during those time frame. So, this administration has no excuse. No one hears about excess crude oil account even though the annual budget was planned using crude oil base price of 25 to 45 dollar per barrel. Alot is going on and we know it

5 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by na2016: 7:13am On Jun 11, 2021
Commentor:
Why not complete your research by telling us how much it's been sold since 2015.

That doesn't complete it. Stop being stupid. The verification here was the price between 1999- 2014.
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Gmajor(m): 7:14am On Jun 11, 2021
Commentor:
Why not complete your research by telling us how much it's been sold since 2015.

Was Obasanjo a president in 2015 or you just want to ask mumu question ?
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Nobody: 7:14am On Jun 11, 2021
Zombie.... is that more important than pointing out that the NNPC (Northern Nigeria Petroleum Corporation) is infested with Northerners and they have never turned in a profit for decades just like their brethren in the North blackmail the South with Cows and Onions yet can never generate IGR the size of Rivers State. Louts!
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Number1benue: 7:16am On Jun 11, 2021
vedaxcool:


He did, no matter how your jaundiced heart wants to look at it. The borrowed money will be paid with what money? Borrowed money? At high oil prices these project could have easily been executed and paid for. If you cannot understand that the. You are dealing in sentiments not FACTS

. And please where are the projects the other administrations borrowed money for? Yeah you are right nowhere to be found.

Pls oo Oga! We are not fighting, or rather am not trying to get into a scuffle with you.

I just stated an obvious there that's all. He did a project" good of him. But to do it he burrowed money, which begs a question he's own oil money where has it being going? lipsrsealed undecided

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Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by sulaak(m): 7:18am On Jun 11, 2021
Commentor:
Why not complete your research by telling us how much it's been sold since 2015.

Under OBJ
Yet OBJ /Iwealla were able to clear the debt, increase foreign reserve to $60 billion and established the $38 billion oil saving.

n 1999, the average annual price of crude oil was about $17.4 per barrel. It was $27.6 in 2000, $23.1 in 2001, $24.3 in 2002, $28.1 in 2003 and in 2004, it was $36.5. Oil sold for $50.5 per barrel in 2005, $61 in 2006, $69 in 2007


Oil price under Buhari / Zainab Ahmed

2015 -$48.66, 2016- -$43.29, 2017--$50.80, 2018--$65.23, 2019---$56.99, 2020--$39.68, 2021-$60.83
https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart

3 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Alleghek: 7:19am On Jun 11, 2021
It is well
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Cj4charles(m): 7:22am On Jun 11, 2021
vedaxcool:
grin lol is that all? Off course ignore the fact that oil price was more stable during previous years with nothing to show it, which was the point he was making, Doyin Okupe swore Nigeria in the TIME OF HIGH OIL PRICES CANNOT AFFORD NEW COACHES FOR OUR TRAIN SERVICE.

PMB has proven them wrong and has done more with less even building the perennial promise and fail second Niger bridge! We go well last last.
Zombie will always be Zombie that was why Fela sang the song for people like you. They say truth have one ending while lies has seven ending. You are not even ashame that the only thing this government can fully come to achieve is just railway after sending several Nigerians to their early grave with the increments of everything in this country.

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Sirjamo: 7:29am On Jun 11, 2021
FarahAideed:


Sold at an average of 53 dollars and currently 73 ..Buhari is a failure
This one does not know what average means, go back to school
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by IPIGSRMUMUS: 7:31am On Jun 11, 2021
Jona-daft made most money from crude with nothing to show for it. But his IPIG supporters will not see that only because he had Igbos in important positions.
#HYPOCRITES
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Cj4charles(m): 7:32am On Jun 11, 2021
sulaak:


Under OBJ
Yet OBJ /Iwealla were able to clear the debt, increase foreign reserve to $60 billion and established the $38 billion oil saving.




Oil price under Buhari / Zainab Ahmed


https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
And the only thing the stupid APC Presidency could achieve is just railway after sending the country back to 1912 And the worst of it is their Zombie supporters are blind. Someone that increase fuel from 87 naira in 16years to 165 in just 6years, Dollar from 197 in 16years to 411 in just 6years or are you talking about the price inflation on commodities

1 Like

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Simplythebest: 7:33am On Jun 11, 2021
The funny thing is that if oil was sold at 100 dollars then and now 70 dollars per barrel u will discover that this presents government is making more money when u compare the exchange rate of dollars. Dollar was 190 and 410 now. Buhari is a failure and will always be an unrepentant wicked leader.

2 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by vioment: 7:36am On Jun 11, 2021
Oga Obj built a lot of infrastructure

Paid $16 billion to start up the electricity program. - I don't know what happened to that money, but we can start with the ministers involved in handling that money. I can bet that Oga Obj was sold on the idea of progress and paid, then ministers and other Treasury hunter came in and stole it to the end.


Oga Obj paid for operational satellites and training to inspire Nigerians into science.


Many schools were opened during his time.


Oga Obj was happiest when in Nigeria or Africa; our current Oga is always angry when in Nigeria or Africa except the Islamist ones.

Oga Obj loved being the boss of Nigeria, he visited every corner of the country and tried to have fun with the people.


Cons:

Oga Obj had too many assassinations during his time.

He almost lost control of the Niger Delta crises. He still was 70% diplomatic with the issue.




Oga Obj might have personal or family problems, but he is a Nigerian legend. Not the best like Oga Zik with foresight and great visions, but still up there.


May God continue to bless the Great Oga Obj.

4 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by mrvitalis(m): 7:37am On Jun 11, 2021
vedaxcool:
grin lol is that all? Off course ignore the fact that oil price was more stable during previous years with nothing to show it, which was the point he was making, Doyin Okupe swore Nigeria in the TIME OF HIGH OIL PRICES CANNOT AFFORD NEW COACHES FOR OUR TRAIN SERVICE.

PMB has proven them wrong and has done more with less even building the perennial promise and fail second Niger bridge! We go well last last.
Proved him wrong with borrowing money for a feel good project ? LMAO
Can that rail project pay back it's loan ? Can't it even maintain it's self ?

2 Likes

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by Jonegonu: 7:40am On Jun 11, 2021
kirajustice:
POLITICSNIGERIA.COM

https://politicsnigeria.com/fact-check-again-buhari-goofs-crude-oil-never-sold-for-100-per-barrel-under-obasanjo/
take a look at this graph

Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by MoIbrahim: 7:44am On Jun 11, 2021
kirajustice:
POLITICSNIGERIA.COM

https://politicsnigeria.com/fact-check-again-buhari-goofs-crude-oil-never-sold-for-100-per-barrel-under-obasanjo/

You dey hear English so? He said "average of $100 from 1999 to 2014". What is the meaning of average?

He didn't say "minimum of $100".
Re: Fact Check: Crude Oil Never Sold For $100 Per Barrel Under Obasanjo by BruncleZuma: 7:49am On Jun 11, 2021
I have been saying this since Jesus was a boy scout...Bonny Light never in the history of the world sold for $100 for more than a week or two. And such prices were staggered e no get any day we use the money do better thing.

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