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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar (27585 Views)
Serbia Explains Refusal To Join Russia Sanctions / Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. / Russia Hits Ukrainian Oil And Gas Facilities In Wave Of Attacks (Photo) (2) (3) (4)
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Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by XYZo: 9:45am On Mar 08, 2022 |
Eriokanmi: Then it means you don't understand what is going on lol . Low oil price currently favours Nigeria more . The higher the price , the more Nigerians will cry . Do your research |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by sorepco(m): 9:45am On Mar 08, 2022 |
Nigeria has one of the biggest gas fields in the world. What makes u think they wouldn't just change to Nigeria or other countries? Oghene1st: |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Bizibi(m): 9:47am On Mar 08, 2022 |
obailala:how many years does it take to build gas pipelines to north Africa ![]() Just curious because I am really interested in gas revolution in Nigeria. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Bizibi(m): 9:49am On Mar 08, 2022 |
Athemisia:they want to ease the sanctions on Iran and use em against Russia. Read about it in the weekend. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by obailala(m): 10:00am On Mar 08, 2022 |
Bizibi:Well, I guess it could take well over 3 years, from the conceptual design to actual construction and commission. If maybe Russia is gracious enough to cut that gas supply and render the EU desperate, maybe they can provide funds and sufficient incentives to hasten the actualisation of the Trans-Saharan GP |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Drefaithful(m): 10:25am On Mar 08, 2022 |
deept: sense no go kill them ![]() ![]() |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Bizibi(m): 10:26am On Mar 08, 2022 |
obailala:I know it will cost above 15billion dollars to make this happen. The gas reserve here is wasting away 1 Like |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by ayindejimmy(m): 10:30am On Mar 08, 2022 |
obailala: Agreed the alternative are long term ones But some European countries like the Netherlands are already reducing their Russian gas. It's Germany that's been lazy about it. We don't need a pipeline to Spain. Algeria already has. We just need one from Nigeria thru Niger to Algeria. Trump warned NATO about their Europe dependant on Russia's gas but his arrogant posture won't let them hear |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Eriokanmi: 10:34am On Mar 08, 2022 |
XYZo:Let let educate you a little. When crude price rises at the international market hun, our foreign exchange earnings become stronger and that would have a resultant effect on our currency. Again, our foreign reserve would receive a boost. However, when we import petroleum products, it would be at a higher cost and that's where subsidy comes in. However, subsidy is being paid in naira and not in foreign currency to importers and this wouldn't have any effect on our naira because we're paying in our currency. That's how it works. Subsidy payment would only increase as a result of the high crude price because it will affect refining cost overseas, vis a vis the cost of importation |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Eriokanmi: 10:40am On Mar 08, 2022 |
NGArmyTerrorist:Are you aware that NLNG's 90% of gas is exported? That's why we dont have enough to consume locally. Crude per barrel is now 130usd plus. They'd rake in more money like never before. Most times, we're being restricted by OPEC benchmark just like every other members but with this development, there would be an emergency meeting at opec as speculated to raise the menchmark. The world can't afford to suffer cos of someone's stupidity. Our foreign reserves too would receive a boost just as it was when Jonathan was in power. My question is, would all these trickle down to the common man? Time shall tell |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Eriokanmi: 10:43am On Mar 08, 2022 |
Heffalump:Lol. This is a boom for Nigeria and every energy producer globally, just like covid-19 favoured the health industry. But the yeye govt would always cry yenyenyen |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by VirileNelly2420: 11:17am On Mar 08, 2022 |
Faber: U tink US and Venezuela are in good terms?? |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Iliya1520: 11:25am On Mar 08, 2022 |
SultanOfPuna: it us very common for a Russian to created their own www, but difficult for a USA to created natural gas. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by skywalker240(m): 11:26am On Mar 08, 2022 |
Shittaakeem:comrade, Nigerian leaders are goats. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Iliya1520: 11:28am On Mar 08, 2022 |
this clearly show that all the Europe can't attack the Russian because they all heavily depending on their resources. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Nobody: 11:30am On Mar 08, 2022 |
ayindejimmy:until then .....
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Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Truvelisback(m): 11:32am On Mar 08, 2022 |
Jackanda1:What is this one even saying? Do u know the deadly impact to their economy? The rich won't be exmpted in the impact too. And who u told u they don't have the poor among them? |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Simplecity(m): 12:17pm On Mar 08, 2022 |
SultanOfPuna:lmao..... |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Arielle: 12:25pm On Mar 08, 2022 |
ray501:Cat playing with the mouse before it pounces for the final kill and gobble!!!!! |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by planetx: 12:33pm On Mar 08, 2022 |
Firstcitizen:You just spoke what I was thinking about yesterday, that it wasn't Ukrainians doing the fighting but NATO forces pretending to be Ukrainians. 1 Like |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by legallyminded: 12:36pm On Mar 08, 2022 |
CoronaVirusPro: LOL, reserves that can only last 36 days if withdrawn at once? Google is also your friend |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by XYZo: 12:38pm On Mar 08, 2022 |
Eriokanmi: Ok let me ask you , which of these affects the common Nigerian positively ? For you , you are consigned about the Naira . Do you know that certain months late last year , subsidy gulped the total oil revenue and Nigeria recorded no profit as a result of high crude oil price ? Do you know what that means ? Soon subsidy will be removed as far as the crude price keeps increasing and Nigerians will bear the brunt . Do you think the government isn't the one who created this artificial scarcity in other to increase pump price ? As far as Nigerians won't allow pump price increase , subsidy will soon be gone and we will feel the full weight . Once the price of crude is more , the government spends more on all variables involved from transporting to refining, to subsidy etc. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by legallyminded: 12:55pm On Mar 08, 2022 |
obailala: Tell them ![]() |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Athemisia: 12:55pm On Mar 08, 2022 |
Bizibi:I don't think so... Because, Iran are already heading towards Russia for assistance for their nuclear program to be launch. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Athemisia: 12:57pm On Mar 08, 2022 |
seunny4lif:Iran is more closer to Russia than EU. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by seunny4lif(m): 12:59pm On Mar 08, 2022 |
Athemisia:Yes Iran and Russia are trading without Swift |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Eriokanmi: 1:25pm On Mar 08, 2022 |
XYZo:I drew some points from your post. Hope you know I'm not in support of govt cos they're only after their personal interest. Yea, the subsidy gulped all their oil revenues because the price per barrel was infinitesimal. It was never at par with the the price of imported petroleum products which they subsidised hugely yet, government expenditure kept rising, despite the dwindling oil revenue. But now, they'd cash out big time but the masses would hardly feel the benefit. |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by adedehinbo(m): 2:27pm On Mar 08, 2022 |
seunny4lif:iran will never forget or forgive all the US attacks against them,first!the downing of their civilian aircraft which claimed alot of iranians,the killing of their generals and the attacks on their forces in syria, should russia calls for their help,they will deliver without hesitation 1 Like 1 Share |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by RedPilChurchBoy: 4:46pm On Mar 08, 2022 |
ray501: Same thought here. I think Rusia would have overrun the whole of Ukraine if that's their real intention. Lots of game is being played here. 1 Like |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Appleyard(m): 5:34pm On Mar 08, 2022 |
CoronaVirusPro:Pure ignorance at its best. Joe do you expect Saudi Arabia to agree to US demands to flood the market with oil when they're benefiting hugely from the rise in prices? Use your sense. Negotiating with Iran whom they have sanctioned for many years will not work because Iran knows and have tasted trechery in the hands of a diabolic US led west. It's time to pay them back in their own coin. 2 Likes |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Appleyard(m): 5:45pm On Mar 08, 2022 |
efficiencie: You're wasting your time educating ignoramuses. It's foolishness when someone thinks that Maduro would listen to the US after they tried to kill him four times, and sanctioned his country for years. Only ediots blind to US imperialisms think this way because to them, whatever the US does is immutable. Same ediots expect Saudi Arabia to pump more oil into the market when they're reaping big from the rise in current prices. Same ediots expect Iran to turn around suddenly and started loving and serving US interest after years of suffering immense sanctions and dehumanizing treatments from the west. These are the types of people wired to die with their eyes wide opened. Pathetic. ![]() 3 Likes |
Re: West Feeling Impact Of Russia Sanctions Too As Oil And Gas Prices Soar by Appleyard(m): 5:48pm On Mar 08, 2022 |
toxtimmy:The way those guys think at times is appalling. |
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