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Nairaland Forum / Nairaland / General / Politics / Global Crude Oil Prices Rises Above Budget Benchmark (32817 Views)
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Re: Global Crude Oil Prices Rises Above Budget Benchmark by Fablonwa: 7:54am On Mar 08, 2016 |
Emmahunk: Another propagandist. How can Buhari's trips affect global price of crude oil. Do you want to tell me that the presidents of other oil exporting countries have to be on flight daily too or is the price increase only for Nigerian crude oil? You guys should stop deception and say things as they are. Using propaganda to govern a country of over 170million Nigerians is the worst thing that can happen to Nigeria. 3 Likes |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by amagunnerfan: 7:54am On Mar 08, 2016 |
tuniski:Speak for yourself mate. Many, especially those from that side, wish Nigeria bad just so they can be justified. 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Johnnoo(m): 7:57am On Mar 08, 2016 |
Law of gravity says "anything that goes up must come down". Nigeria should diversify her economy for a better tomorrow... |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Chrisx1x(m): 7:57am On Mar 08, 2016 |
repogirl:sister,watin we do u na. 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by edoziebobbyyahoocom(m): 8:01am On Mar 08, 2016 |
Very soon with the advancement in technology for energy production, the world will no longer consider crude as a main stream for energy. Then we(Nigeria) will need a ''hail mary''. It's better we start now in search of other means of revenue generation and stop checking everyday oil prices. 5 Likes 1 Share |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by redcliff: 8:01am On Mar 08, 2016 |
Standing5: Lmao!!! 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Morountodun: 8:05am On Mar 08, 2016 |
RichYoungNigga: Look who is talking 2 Likes |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Morountodun: 8:07am On Mar 08, 2016 |
wapu: Nope! |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by repogirl(f): 8:11am On Mar 08, 2016 |
chally02:zombies deceiving themselves since May 29, 2015 AD. 2 Likes |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by wristbangle: 8:12am On Mar 08, 2016 |
Stalwert: Standing5: 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Nobody: 8:13am On Mar 08, 2016 |
NavierStokes: The estimated average price for the year is closer to $50. Both Democratic candidates have expressed reservations over the environmental cost of fracking, there has been a massive reduction in lease orders for fracking equipment creating an effective stock draw down period even were prices to rise enough to create a margin for fracked oil. Secondly, while there has been a dip in China 's growth, India is taking up the slack. Thirdly Saudi and Russian cut backs appear to be a long term strategy and will begin to bite as the weather becomes warmer and gasoline usage spikes. Finally, Illegal oil sales plus inefficiencies and corruption cost Nigeria about $40 per barrel during the last administration reducing effective price per barrel to just above $50. In dealing with these two evils this administration will be able to easily replicate 2015 oil revenues and boost these with significant domestic revenue through tax and plugging of leaks. Things look much worse than they are. The patient will make a gradual but sustained recovery. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by repogirl(f): 8:14am On Mar 08, 2016 |
edoziebobbyyahoocom:your head dey dia! Crude will soon get worthless or not worth much. Countries with vision are planning towards the future while we are still holding on to crumbling crumbs. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by wristbangle: 8:16am On Mar 08, 2016 |
edoziebobbyyahoocom: Spot on! |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by tete7000(m): 8:18am On Mar 08, 2016 |
amaechi1: I m sure you have not been following the developments in the oil market. If you have, you would have heard of production freeze at january level orchestrated by the venezuelan petroleum minister between saudi, russia, iraq and qatar with effort made to ensure iran and other producing nations joined in the deal. You would also have heard of the declining production of american shale oil. These and other speculation that producing nations may meet soon to discuss production cut are what push the price up not Buhari visit to the saudi 'monarch'. Collaboration between oil ministers is what yield results not political talk between a president and a king somewhere. If the market remain oversupplied, Buhari may talk with the king from now till he leaves power, the price will still not appreciate. Get your facts right. 3 Likes 1 Share |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by RichYoungNigga: 8:22am On Mar 08, 2016 |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Morountodun: 8:23am On Mar 08, 2016 |
RichYoungNigga: Nope 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Morountodun: 8:24am On Mar 08, 2016 |
repogirl: Too bad we forgot to tell GEJ all about it 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by tuniski: 8:30am On Mar 08, 2016 |
amagunnerfan:So today's buharists and incumbent wished nigeria bad while in opposition abi? Smh No wonder they were playing politics with issue of national security and BBOG! Wake up! No matter the level of disbelieve in buhari and the fierceness of criticism it is not same as wishing nigeria bad. U simply don't have knack for democratic tenets. Intolerance of others is undemocratic and opposition politics ensure better performance cos left to zombies, buhari won't get 10% via praise singing. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by emi14: 8:36am On Mar 08, 2016 |
NavierStokes: |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by emi14: 8:38am On Mar 08, 2016 |
You guys should stop these unhealthy economic analysis that is not sustainable and leads to nowhere. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by repogirl(f): 8:41am On Mar 08, 2016 |
Morountodun:People like you suffer a temporary and conveniently selective amnesia but follow these links to refresh your memory. http://www.vanguardngr.com/2015/02/goodluck-jonathan-agriculture-revolution/ http://www.fmti.gov.ng/our-parastatals/168-jonathan-launches-nigeria-industrial-revolution-plan-nedep.html http://www.thescoopng.com/tobi-adebowale-the-silent-achievements-of-goodluck-jonathan/ http://www.nigeriatradehub.gov.ng/News/tabid/98/entryid/198/revamping-nigeria-s-auto-industry.aspx http://www.spotlightreports.com.ng/president-jonathan-commissions-100bn-naira-cement-industry-expansion-project/ After all this, your dullard came in to crash the economy in six months. Una weldone ooooo. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by loomer: 8:46am On Mar 08, 2016 |
amaechi1: So na buhari's visit improve oil price? Una funny for nigeria sha. The truth be say opec and the yeye members know wetin dem supos do for oil price to improve, them just dey drag leg 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by repogirl(f): 8:50am On Mar 08, 2016 |
loomer:Booohari supporters grasping at straws since 29 May, 2015.... Booohari's body odour must work by force. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Nobody: 9:06am On Mar 08, 2016 |
americanigga: Guy.. You well? |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by tete7000(m): 9:07am On Mar 08, 2016 |
edoziebobbyyahoocom: Forget oil these yeye talk of oil losing relevance. Other forms of energy will come on stream but oil will maintain its percentage in the energy mix. Infact the demand for oil is projected to increase in future. The only issue for oil in future is that current events has made it clear to opec and other that any attempt to allow oil price unduly skyrocket will allow other hitherto dormant oil sources become economical to produce and thus render opec powerless. What you will see opec do from now is manage oil price within a range that ensure other oil sources and other energy sources remain uneconomical to deploy within the prevailing crude price. |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by vodkat: 9:09am On Mar 08, 2016 |
omenka: Future price of oil is 5 dollars per barrel Then earlier.nigeria get off oil dependency the better |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by vodkat: 9:16am On Mar 08, 2016 |
tete7000: Dey there, there r people working 24/7 to make this a reality . Do u know that a car can be powered by hydrogen. only usa getting involved in fracking dropped price of oil from 100 to 30. What happens when.Other countries start ? |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by vislabraye(m): 9:18am On Mar 08, 2016 |
tuniski: Tell dem. 1 Like |
Re: Global Crude Oil Prices Rises Above Budget Benchmark by Morountodun: 9:21am On Mar 08, 2016 |
repogirl: You suffer from amnesia. Yours is neither selective nor temporary. What happened to the excess crude account OBJ established in his tenure? Despite the fact that oil sold for around $100/barrel, Jonathan did not add anything to the account, rather he depleted it. This was meant to be our saving grace. Jonathan is the main reason why we are here. The mor..on did not save for raining days. Naira fell when he was still there and it continued after his tenure. It wouldn't have been this bad if the m.oron had actually diversifed the economy and continued with the Excess crude account. Also, Nigeria is not the only oil reliant country experiencing the economy crunch. Counties like Canada, Russia, UAE and Saudi are not left out. Don't make this about Buhari, it can be really annoying. Stop trying too hard, this is as easy as ABC 1 Like |
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