angels09:
I want to see crude oil go below $10 per barrel for at least ten years....

MagicBishop:


Me I want it a buck a Truck so that nijeriyans can take their lazy eyes off my Niger Delta.

angels09:

Yes I want Niger Delta to be free though am not from there

maasoap:
You think violence, killings, maiming, displacement and destruction in the Middle East is not yet enough? Why not pray for war between Russia and USA? That one will create more than enough effect as far crude oil price is concerned.

TechRev:
Or pray for war/millitants bombing in Nigerdelta.

fineguy11:
Saudi needs to cut output,they will only do so of other major non -opec producers like i.e russia deceides to cut supply too...Saudi arabia has just $645 billion dollars as cash reserves..their budget deficit for 2015 waw in excess of 20%!!IMF haw predicted that saudi arabia could go bankrupt in 5/6 years,if oil price remains low.http://www.independent.co.uk/news/world/middle-east/saudi-arabia-could-be-bankrupt-within-five-years-imf-predicts-a6706821.ht .http://www.telegraph.co.uk/finance/oilprices/11768136/Saudi-Arabia-may-go-broke-before-the-US-oil-industry-buckles.html.saudi and russia are the biggest players in the oil business.saudi has overbearing influence on OPEC,she can force members to cut supply,russia too can cut supply,which wld spike price to around 50/60dollars per barrel..

MagicBishop:


That will only increase shale production.

Shale needs conventional crude to be high to be profitable.

The only solution is to take out the Saudi and Gulf state owned oil fields

That way you take out close to 16 million bpd from the market from which Nigeria and Venezuela can fill the gap at say $70 per barrel

MagicBishop:


Me I want it a buck a Truck so that nijeriyans can take their lazy eyes off my Niger Delta.

MyGeneration:

Dat mean say state like Akwa ibom go reverse back to house boy state,
Delta own amnesty wud stop nddc wud stop, nd d rest benefit s, that means Delta wud become kidnapper's and criminals deport,
Edo wud become italy bound export state,
Bayelsa own all their criminals wud relocate to Rivers state,
While Rivers, first d killings happening at omoku wud be child's play, ahoada own wud be like civil war, infact the whole state wud boil,
Calabar is already used to being broke so no need,
Abia own wud become like during d Aba crisis,
Ondo dat i can't tell,
Why imo wud become empty.

MagicBishop:

How can a prisoner be fatter than the prison cook?
Have you considered what will happen to states like Osun or zamfata?
Bother about yourselves and leave us to our own device

MyGeneration:

LoL... Dat time states like zamfara wud start making use of dat there solid mineral s they didn't touch since, .
Why they wait for d price of OUR oil to rise.
Then when it rises we continue from where we stopped.

MagicBishop:


That is exactly what I want.

Go feed yourselves and wean yourselves off the ND

MyGeneration:

We wud but d moment d oil Price rises be sure to expect us.
Also we are not dragging anything from you we are only taking wats ours and that is our OIL.
Last time i checked there's no place it was recorded that ur forefathers buried oil anywhere in Nigeria.

MagicBishop:



Go and convert baba rufus old darsun as yours first before spewing trash.

Common tompolo dey give una heartache you dey talk like say amnesty nah beans.

Try am and see the Atlantic as your permanent resting place

MagicBishop:
Forget Saudi Arabia cutting oil outputs; that will never happen now that Iran is back in the game.

The Saudis have the cash reserves to weather low crude prices ( that's why they have an external reserves of over 500 bn USD) ; Iran on the other hand is cash starved after many years facing sanctions.

The tensions between the aforementioned nations has never been this bad and you can bet that the Saudis will want to undermine any bilateral trade and/or military/diplomatic ties that Tehran will want to open now that they can leverage with their oil.

The Saudis will not also cut productions because they are foolishly thinking this will stall shale oil industry in the US.

The US on the other hand has lifted an embargo on exports of US crude and their major target market is in Asia and Europe directly competing with both Russia and middle east suppliers.

As the Shale oil industry grows rapidly I won't be surprised if US policy in the middle east shifts dramatically.

Already the US has began demobolizing their military forces from the ME and concentrating on SE Asia and the north Atlantic corridor with Russia.

Also, US shale needs conventional crude to be higher than they are now in order for it to compete profitably in the energy market.

And since there is no way we can expect Saudi to stop pumping and no way we will see a global ban on cheap crude exploration, I expect the powerful and rich Shale oil industry to start influencing US policy against Saudi Arabia to the point of instigating conflict in that country to take out Saudi oil fields from supplying the global market.

A conflict in Saudi Arabia can easily be instigated by the US simply withdrawing support to the House of Saud thereby paving way for coups , feudal clashes among the tribes to Iran instigating the 20% Shiites in the eastern regions (where majority of Saudi oil fields are located).

The Iranians already have a head start with the Houthi Shiites in Yemen who are seriously kicking Saudi butts.

A war in Saudi Arabia will serve both the interests of the US, Russia and also Iran who are now major oil players.

This will go along way in stabilising oil prices and the Saudi $500bn reserves they made from selling crude to the US can be recouped from arms sales to the Saudis in their civil war.

And the good thing is the war can last as long as we want. If any of the warring factions gets an upper hand the UN will be drafted to demand a ceasefire and in between the US or Russia can arm their factions.
This is the only way oil will rise and islamic terrorism will end

Whaddya think?




Madridguy
Arewafederation
Modath