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Nairaland Forum / Nairaland / General / Politics / Nigeria At Risk Over Falling Oil Price : FG (29652 Views)
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Re: Nigeria At Risk Over Falling Oil Price : FG by duni04(m): 9:00am On Oct 27, 2014 |
People get ready, petrol subsidy is going. |
Re: Nigeria At Risk Over Falling Oil Price : FG by jpphilips(m): 9:03am On Oct 27, 2014 |
Mrkuvuki: Not when America is manipulating supply with Saudi Arabia to punish putin 3 Likes |
Re: Nigeria At Risk Over Falling Oil Price : FG by jpphilips(m): 9:04am On Oct 27, 2014 |
nairaman66: When oil falls to a budget deficit, they will increase taxes, that is what Mackenzie will recommend, but the looting continues. |
Re: Nigeria At Risk Over Falling Oil Price : FG by Dee60: 9:06am On Oct 27, 2014 |
Looting is the issue! When oil sold at less than USD32 per barrel, our naira exchange for N18 to a dollar! 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by femmy2010(m): 9:06am On Oct 27, 2014 |
God should have Mercy on Nigerians and Nigerian Govt should equally fear God. They should cut down their looting to cushion the shortfall. 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by buJu234: 9:10am On Oct 27, 2014 |
Nigeria is not going to shake because of low oil prices but because of poor policy makers... when Oil prices were high what did u do with excessive income? the middle east oil countries used their excessive income to diversify their economy like UAE/Dubai; Qatar/doha etc; why didnt Nigeria do that? time and time again; it has been said and proven that u make more money via exporting refined petroleum products not the crude Oil it self; tell me wat has Nigeria govt. done in terms of refineries Refinery are very very simple to build these days... jst buy one from Europe or USA and come and mount it in Nigeria... atleast the Niger-delta so called Illegal refineries have told us that there is no big deal in building refineries... so why is that the govt. hasnt built nor given permits to private investors to build every thing only DANGOTE....i laugh in spanish... so u dont blame low Oil prices thats affected via the law of demand & supply but the carelessness or corruption or wickedness ( because the govt. always knows the right thing to do but they dont jst want to do it..) of the Nigeria governments right from IBB to OBJ to GEJ... 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by duni04(m): 9:12am On Oct 27, 2014 |
jpphilips:Saudi arabia whose economy is almost totally dependent on oil is collaborating with America, now the world's major oil supplier and whose economy is non oil driven, to punish Putin and crumble their own( Saudi arabia's) economy. Doesn't make sense. 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by GuyFawkes: 9:13am On Oct 27, 2014 |
Said it on here couple of weeks ago, we are heading into all sorts of trouble, analysts expect it to fall to $70pb very soon. Expect us to sell below our benchmark, setting the benchmark that high in an election here was foolishness of the highest order. For the first time in 40 years from July the US has stopped buying crude from Nigeria,means Nigeria will need to compete for market share in Asia, the market dominated by #Saudi, Kuwait, etc" I doubt we stand a chance over there. 2 Likes
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Re: Nigeria At Risk Over Falling Oil Price : FG by bobaustin(m): 9:14am On Oct 27, 2014 |
stalyf:liv dm mak dm dy shout. Dy r nt complainin of d share & embezzlement dy r gettin 4rm d sector. If dm lyk mak e drp 2 10pb. Na dm sabi |
Re: Nigeria At Risk Over Falling Oil Price : FG by abdulabbakar(m): 9:16am On Oct 27, 2014 |
Neatboy: Who else 4 Likes |
Re: Nigeria At Risk Over Falling Oil Price : FG by Missy89(f): 9:18am On Oct 27, 2014 |
Panshow: Lol Refineries doesn't help when it comes to falling oil prices. Diversified economy is the important factor 2 Likes |
Re: Nigeria At Risk Over Falling Oil Price : FG by jpphilips(m): 9:19am On Oct 27, 2014 |
pekeyim: It is another election year, Nigerians have refused to ask the right questions, what is PDP and APC's energy plan? what are their foreign policies? suffering and smiling as usual, I pity the civil servants. The senate has rushed to remove minimum wage so they can pay anything when the going gets tough, 3 Likes |
Re: Nigeria At Risk Over Falling Oil Price : FG by akoaki(m): 9:20am On Oct 27, 2014 |
Nigerians are best in doing the worst things. Shame on our so called leaders. 3 Likes |
Re: Nigeria At Risk Over Falling Oil Price : FG by Missy89(f): 9:20am On Oct 27, 2014 |
duni04: It actually makes sense. The US and the Saudis flood the market when they want to drop/raise the oil price. They have been doing that for a long time. |
Re: Nigeria At Risk Over Falling Oil Price : FG by Arch1: 9:22am On Oct 27, 2014 |
JonaTAN must go !!! |
Re: Nigeria At Risk Over Falling Oil Price : FG by watchindelta(m): 9:30am On Oct 27, 2014 |
who care? na then they do their tin and na then they chop their own oil tin. they always called us the common people i even kn how oil money be? yeye jaw risk ki 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by duni04(m): 9:33am On Oct 27, 2014 |
Missy89:Not when America is now a competitor and a threat to Saudi Arabia's oil market. You can't collaborate with your competitor to crash your own economy. Thats why it doesnt make sense. Apart from Nigeria and maybe venezeula, Saudi Arabia stands to lose the most with oil selling at the current price. 2 Likes |
Re: Nigeria At Risk Over Falling Oil Price : FG by oseiwe(m): 9:36am On Oct 27, 2014 |
With this alarm, they will intensify the way they loot. Nigerian politicians go cover eye like shoki and chop money like sure-p. 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by Nobody: 9:37am On Oct 27, 2014 |
kevinaduga: 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by Nobody: 9:41am On Oct 27, 2014 |
Missy89: |
Re: Nigeria At Risk Over Falling Oil Price : FG by watchindelta(m): 9:43am On Oct 27, 2014 |
even the money our politicians they steal every month, more than nigerian budget every annually wicket ppl 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by Missy89(f): 9:54am On Oct 27, 2014 |
duni04: US and Saudi Arabia needs lower oil prices to pressure Russia/Iran on Syria and Ukraine/ nuclear talks. Thou it would temporarily affect US shale gas market and Saudi economy, They are willing to take the hit as long as it serves that purpose. The important thing is that the volume of oil production hasn't gone down among OPEC/ oil producing states in other to bring the price back up. If there is no collusion, Oil countries would be cutting their production to raise the price and that hasn't happened yet. how do you explain that? The Saudis can withstand the new price for a long time.They have a huge reverse to cover costs. 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by Nobody: 9:59am On Oct 27, 2014 |
Mrkuvuki:For where, the three largest reserves in the world i. e saudi , Venezuela and Canada are still pumping out oil like tomorrow no dey. There have been some lay offs in Canadian oil companies though cos of the price drop. Cheaper oil at gas stations too. |
Re: Nigeria At Risk Over Falling Oil Price : FG by Dyt(f): 10:09am On Oct 27, 2014 |
And again we masses pay for it directly or indirectly I am short of words When will it get better? Will it ever? Deep sigh 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by InvertedHammer: 10:12am On Oct 27, 2014 |
Mrkuvuki: Hate them or love them...when USA sneezes, the world catches cold. As I stated earlier, war in 2014 and beyond could be physical or in economics. Lower oil price is American way of putting Russia where they belong. Russian economy is going down with oil prices. They can stir up the pot as much as they want, the them Yankees will keep fracking and their Hedgies will keep dumping until Putin bows down to the "bigger" boys. Saudi has already given OPEC the middle finger. ISIS is selling at $35/barrel. Nigeria is truly inconsequential in the global arena. So folks, be ready to use your crude oil to cook soup soon. By the way, if the trend continues, I see unrest in some countries soon similar to Middle East crisis that ate up some of their supposedly invincible leaders in Libya and Egypt. Lol. There are boys. And there are men. Some people run this shit. \ 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by synergycom19: 10:12am On Oct 27, 2014 |
What are they waiting for before reducing the pump price of fuel? If the price of Crude goes they will increase the pump price in the name of subsidy removal. President YAR'ADUA reduces the price of fuel when the price of Crude oil reduces. When price goes up they are at risks and when it's goes down they are at risk . It's all IWEALA ECONOMIC BAHAHA "419' AGAINST THE MASSES 1 Like |
Re: Nigeria At Risk Over Falling Oil Price : FG by Nobody: 10:17am On Oct 27, 2014 |
idris4r83:Some of you are irredeemable stu.pid.what does a decline in global oil price got to do with GEJ? |
Re: Nigeria At Risk Over Falling Oil Price : FG by Nobody: 10:17am On Oct 27, 2014 |
InvertedHammer:Is it really true some oil companies are already selling off their assets in Nigeria. |
Re: Nigeria At Risk Over Falling Oil Price : FG by destante(f): 10:17am On Oct 27, 2014 |
We just continue to go round a vicious circle in this country. Much talk, less action. Let them make do with focussing more on the real sector first, we can then take it from there. |
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