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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Angola Exits OPEC (18291 Views)
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Re: Angola Exits OPEC by Menclothing: 4:17pm On Dec 21, 2023 |
They will sell at gbanjo half price Europe will be happy with this they will want more country to leave so crude oil will be cheap 2 Likes 1 Share |
Re: Angola Exits OPEC by livinbygrace: 4:22pm On Dec 21, 2023 |
nairalanda1: See as you explain am in a very simple way.True true .education is not a scam 3 Likes 1 Share |
Re: Angola Exits OPEC by Watcharena: 4:23pm On Dec 21, 2023 |
oladipupo2234:Nigeria is not even meeting with the production output allorted to us. So if the opec give production output to African nations that we can't meet up,then the oil prices will not be regulated. Again to e leaders of the opec are allies even without opec,Saudi Arabia and Russia alone can influence oil prices. If opec break out na afran members go suffer because most of our oil production is done by foreigners this not cost effective. Russia for instance will still make gain even if oil prices falls by 40% in today's price Nigeria on the other hand will not make any gain 1 Like |
Re: Angola Exits OPEC by DeepSight(m): 4:24pm On Dec 21, 2023 |
israelmao: OPEC is not the west. 1 Like |
Re: Angola Exits OPEC by wirinet(m): 4:27pm On Dec 21, 2023 |
daveP:Why does African countries have to export crude which price they have no control over? Why not export petrol, diesel, kerosene, aviation fuel, paraffin, fertiliser, etc instead? Items you can determine the price you want to sell. 2 Likes |
Re: Angola Exits OPEC by nairalanda1(m): 4:27pm On Dec 21, 2023 |
israelmao: West no dey like OPEC. OPEC is why for part of the 1970's, there were fuel queues in the USA, with rationing atimes. Because crude prices were so high, it meant fuel cost far far too much for the average consumer..lol. West would love it if OPEC died. Infact the USA is free of OPEC shackles...ever since they became self sufficient in oyel under trump. |
Re: Angola Exits OPEC by tojahh(m): 4:29pm On Dec 21, 2023 |
nairalanda1:Wetin we dey use the revenue do? E no better we get lower revenue than getting higher revenue for the stomachs of the elites and politicians? |
Re: Angola Exits OPEC by israelmao(m): 4:29pm On Dec 21, 2023 |
DeepSight:Thanks for the correction. 1 Like |
Re: Angola Exits OPEC by nairalanda1(m): 4:30pm On Dec 21, 2023 |
tojahh: It is because you have not lived in a situation where oil prices have really really crashed...like in the 1980's for example. |
Re: Angola Exits OPEC by ExudeLoveToAll: 4:32pm On Dec 21, 2023 |
israelmao: Interestingly no western nation is a member of OPEC. West is anti OPEC, they want free market where market forces determine price and not cartel members which OPEC represents. Just because you don't like the West does not mean you won't educate yourself as regards to this subject matter before commenting in ignorance ![]() OPEC has more do to with the East and not the West please take not of that 4 Likes 2 Shares |
Re: Angola Exits OPEC by Kimjongun: 4:33pm On Dec 21, 2023 |
Olokolobo: No Nigeria is playing the patient game, by building it's own refinery. If all the refineries in Nigeria start working we won't depend on exporting crude anymore |
Re: Angola Exits OPEC by nairalanda1(m): 4:34pm On Dec 21, 2023 |
ExudeLoveToAll: Exactly USA is self sufficient in crude oil because OPEC showed them shege in the 1970's. That woke the USA up....and made them get self sufficient in crude. |
Re: Angola Exits OPEC by Charliewyt: 4:34pm On Dec 21, 2023 |
nairalanda1:Isn't that a call for us to diversify our revenue source? |
Re: Angola Exits OPEC by wirinet(m): 4:35pm On Dec 21, 2023 |
nairalanda1:Few months after Buhari took over in 2015, oil prices crashed to almost $30. |
Re: Angola Exits OPEC by nairalanda1(m): 4:35pm On Dec 21, 2023 |
Charliewyt: Indeed it is. We so rely on oil that anytime oil prices fall, our economy gets into a super comatose state. |
Re: Angola Exits OPEC by ProphetofOdin: 4:36pm On Dec 21, 2023 |
nairalanda1: If that is the case we should diversify and heavily invest into other sectors like agriculture, manufacturing, or tourism which has a potential employing more people and giving us a balanced of trade when we export our produce. Crude oil is no longer viable in the long run. |
Re: Angola Exits OPEC by ExudeLoveToAll: 4:36pm On Dec 21, 2023 |
nairalanda1: You are right, the 70s was hellish for them. |
Re: Angola Exits OPEC by nairalanda1(m): 4:36pm On Dec 21, 2023 |
wirinet: And the man took loans to cover our nation's ass. Loans galore. |
Re: Angola Exits OPEC by 4ward4: 4:37pm On Dec 21, 2023 |
coleon: go read his analysis and stop typing thrash!!! Opec isn't just an Association of name, that organization have such much influence and I doubt if Angola will ever sell crude up to their price benchmark to remain relevant in the sector. Cheaper crude will be sold by Angola, thereby putting Opec countries in a tight corner. 1 Like |
Re: Angola Exits OPEC by nairalanda1(m): 4:37pm On Dec 21, 2023 |
ProphetofOdin: True that. Nothing more to add. |
Re: Angola Exits OPEC by sukkot: 4:37pm On Dec 21, 2023 |
nairalanda1:oh ye myopic son of Umunede, it’s great news that everybody is now discovering oyel. But you know what everybody does not have ? A refinery. Nigeria would soon be the hub of oil refining in Africa. With Dangote and port harcourt refinery back in business. The country will be awash with forex. Naira will rise to like 1 Naira to 100 dollars, fuel will be cheap to buy. Nigeria is the future global superpower. Everybody knows it but Nigerians |
Re: Angola Exits OPEC by nairalanda1(m): 4:38pm On Dec 21, 2023 |
sukkot: Ah well, the chap started with an insult, so I respond by bidding him gluten abind. |
Re: Angola Exits OPEC by sukkot: 4:39pm On Dec 21, 2023 |
nairalanda1:lol not an insult. Lil jokey joke |
Re: Angola Exits OPEC by nairalanda1(m): 4:40pm On Dec 21, 2023 |
sukkot: It was an expensive joke, and I was not laughing. |
Re: Angola Exits OPEC by sukkot: 4:41pm On Dec 21, 2023 |
nairalanda1:are you from Umunede ? It’s an actual place |
Re: Angola Exits OPEC by nairalanda1(m): 4:42pm On Dec 21, 2023 |
sukkot: If I started every comment to everyone here by calling them myopic, I'm sure they would all laugh with me...hehhe he is joking. Anyway, good evening. |
Re: Angola Exits OPEC by Onyiiobi7735(m): 4:44pm On Dec 21, 2023 |
Excellent move by the Southern African country.More and more nations across Africa are beginning to liberate themselves from Western influence, some by military coups, some by economic and diplomatic boycotts, bypassing and ignoring. La Republica de Angola would fare much more better without the OPEC |
Re: Angola Exits OPEC by tojahh(m): 4:44pm On Dec 21, 2023 |
nairalanda1: Even at that year... It was still looted. So no difference! |
Re: Angola Exits OPEC by nairalanda1(m): 4:46pm On Dec 21, 2023 |
tojahh: So, go into politics and make a change, and stop voting PDP, APC, and LP, AND nnpp. There are 11 other parties. Why not choose one? 1 Like |
Re: Angola Exits OPEC by sukkot: 4:47pm On Dec 21, 2023 |
nairalanda1:myopic is an insult ? How is myopic an insult ? It perfectly describes your shortsightedness to the topic but it’s not an insult. An insult would be YOU ARE VERY FOOLISH. This how many Africans go to the UK starting non-existent wars with white people because they feel they were insulted when the white man says DONT BE SILLY. But don’t be silly is just normal non abusive conversation over there |
Re: Angola Exits OPEC by tojahh(m): 4:48pm On Dec 21, 2023 |
nairalanda1: I don't need to go into any politics to make any change. The topic is, Angola did a nice thing pulling out of the fraudulent OPEC that's of no use to the Nation building (Revenue) Let's stick to the topic |
Re: Angola Exits OPEC by nairalanda1(m): 4:48pm On Dec 21, 2023 |
sukkot: Good evening, myopic man. (You said it was not an insult) Thanks for being myopic, I really used to respect you as an older nairalander, you know. Don't quote me again. |
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