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Now , That Niger Delta Oil Is Gone - Politics - Nairaland

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“Victor Agbaroji Must Go”, OML 26 Workers, Delta Oil Communities Protest / Niger Delta Oil Is For Niger Deltans Only,go And Find Your Own / Onnoghen: Prepare To Exist Without Niger Delta Oil, Militants Tell Nigerians (2) (3) (4)

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Now , That Niger Delta Oil Is Gone by Melezenawii: 9:23pm On Apr 20, 2020
With the current price of crude oil, the Niger delta is quite not useful to Nigeria at the moment ..

Time to talk restructuring? -Suleiman
What is the way forward?

1. Sack 80% of Civil Servants
2. Ban importation of all goods and services
3 . Produce all goods and services in Nigeria
4. Effective and efficient VAT collection
5. Effective and efficient CIT collection
6. Everybody should go back to farm as part time or full time


Best of luck Nigeria

2 Likes

Re: Now , That Niger Delta Oil Is Gone by vertueptime: 9:28pm On Apr 20, 2020
Pls dnt create confusion, Its western texas intermediate not brent crude wch is still selling at 26$, and its due to contact futures expiring tomorrow amid speculations of no demand , all u have stated might not come to past, US economy is to start opening up in due course and demand may start

7 Likes

Re: Now , That Niger Delta Oil Is Gone by Melezenawii: 9:34pm On Apr 20, 2020
vertueptime:
Pls dnt create confusion, Its western texas intermediate not brent crude wch is still selling at 26$, and its due to contact futures expiring tomorrow amid speculations of no demand , all u have stated might not come to past, US economy is to start opening up in due course and demand may start
Do I mentioned Price. Even at price you stated , nobody is buying which is less than cost of production.

8 Likes

Re: Now , That Niger Delta Oil Is Gone by Bighead9: 9:34pm On Apr 20, 2020
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.

6 Likes 2 Shares

Re: Now , That Niger Delta Oil Is Gone by Armaggedon: 9:39pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.
but they are not the ones who have one million boys.

49 Likes 5 Shares

Re: Now , That Niger Delta Oil Is Gone by helinues: 9:40pm On Apr 20, 2020
See ingrates..

When the same oil has been saving Nigeria economy,where were you?

7 Likes 2 Shares

Re: Now , That Niger Delta Oil Is Gone by CharleyBright(m): 9:43pm On Apr 20, 2020
It is time for the North to sustain the Nation.
Lets see how the resources from the North will provide revenue for the Nation and the bulk of the revenue be spent on Southerners.

9 Likes

Re: Now , That Niger Delta Oil Is Gone by Nobody: 9:45pm On Apr 20, 2020
Omo this thread go mad o. grin

2 Likes

Re: Now , That Niger Delta Oil Is Gone by Deepfeel(m): 9:46pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.

We all know who will suffer more its clear

13 Likes

Re: Now , That Niger Delta Oil Is Gone by vertueptime: 9:47pm On Apr 20, 2020
Melezenawii:

Do I mentioned Price. Even at price you stated , nobody is buying which is less than cost of production.

Hopefully US and india will partially open , russia expected to cut production , hopefully will drive up demand to maintain and halt the plunge, before we start thinking of laying workforce we should prioritize, sell national assest no longer productive, jets and other recoveries,come up with a blueprint economic recovery plan that is feasible

2 Likes

Re: Now , That Niger Delta Oil Is Gone by Deepfeel(m): 9:49pm On Apr 20, 2020
No free oil money to feed some people from a lazy region, one person having 5 wives with 25 children he can't feed

6 Likes

Re: Now , That Niger Delta Oil Is Gone by Nobody: 9:49pm On Apr 20, 2020
But wait a minute to imagine the thing o. If Niger Delta oil begins to contribute zero to Nigeria I wonder how that zone will be. They will practically go on their knees.
Re: Now , That Niger Delta Oil Is Gone by Melezenawii: 9:50pm On Apr 20, 2020
helinues:
See ingrates..

When the same oil has been saving Nigeria economy,where were you?

Bros, what did you and I gain during the boom?

1 Like

Re: Now , That Niger Delta Oil Is Gone by helinues: 9:52pm On Apr 20, 2020
Melezenawii:


Bros, what did you and I gain during the boom?

One Nigeria

3 Likes 1 Share

Re: Now , That Niger Delta Oil Is Gone by SadiqBabaSani: 9:56pm On Apr 20, 2020
This Op is Covidiot ignoramus
Re: Now , That Niger Delta Oil Is Gone by philiancoop(m): 9:59pm On Apr 20, 2020
Now is the best time to be alive in Nigeria
Re: Now , That Niger Delta Oil Is Gone by daddytime(m): 9:59pm On Apr 20, 2020
The way the price is falling, crude oil will soon discover crude oil.

7 Likes 2 Shares

Re: Now , That Niger Delta Oil Is Gone by ukukaegbu(m): 10:18pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.

We know who has turned beggars and thieves already with just few days lockdown

6 Likes

Re: Now , That Niger Delta Oil Is Gone by Adaogwashi2(f): 10:24pm On Apr 20, 2020
Melezenawii:
With the current price of crude oil, the Niger delta is quite not useful to Nigeria at the moment ..

Time to talk restructuring? -Suleiman

What is the way forward?

1. Sack 80% of Civil Servants
2. Ban importation of all goods and services
3 . Produce all goods and services in Nigeria
4. Effective and efficient VAT collection
5. Effective and efficient CIT collection
6. Everybody should go back to farm as part time or full time


Best of luck Nigeria
Niger Delta is no more useful abi? I hope others are seeing the average Yoruba man reasoning well we are watching with great interest cool







I still remain Ada ogwashi cool

9 Likes

Re: Now , That Niger Delta Oil Is Gone by Okoroawusa: 10:30pm On Apr 20, 2020
What the heck are you talking about?
Re: Now , That Niger Delta Oil Is Gone by SadiqBabaSani: 10:33pm On Apr 20, 2020
For the first time in the history of trading US crude, West Texas Intermediate, its benchmark, is trading in negative territory.
As of 8:22pm on Monday, US WTI was trading at $-37.45 per barrel according to prices displayed on Bloomberg energy terminal.
While this is not good news for oil-producing countries, here are a few questions to help you better understand the situation.

Q: What does trading in negative territory mean?

A: A simple way of explaining it is that traders will pay their customers for patronising them

Q: Is this a good thing?

A: No, it is not. Traders and oil exploring companies are running at a loss. It also means that there is no storage space to store excess production.

Q: Will this price be the same across the entire industry?

A: No, the negative price is only for US crude. Also, it only applies to May futures as the contract for June delivery is still at $22/barrel and July is at $27/barrel.

Q: Futures? What does that mean?

A: In the crude oil industry, refiners and other buyers can pay ahead for crude that would be delivered at a later date. Thus, some of the May futures would have been sold earlier in the year for as high as $50 or $60 if the customers negotiated or paid in January.

Q: So oil is not valueless yet?

A: No, it isn’t

Q: So how does this affect other producers?

A: This would serve as a warning for the Organisation of Petroleum Exporting Countries (OPEC) of how bad the demand problem has gotten.

Q: So what about the price of Nigeria’s crude oil?

A: Nigeria’s crude oil is benchmarked against the Brent crude. At present, the price of a barrel of Brent crude is $25. Although traders in the market said Nigeria’s Bonny Light was sold for between $13 and $15 recently, the price is not yet in negative territory.

Q: Will this blow over?

A: It is expected that the global economy will rebound gradually once coronavirus-induced lockdowns are lifted and activities resume.

7 Likes

Re: Now , That Niger Delta Oil Is Gone by ImmaculateJOE(m): 10:41pm On Apr 20, 2020
Owk
Re: Now , That Niger Delta Oil Is Gone by Nobody: 10:51pm On Apr 20, 2020
Na Niger Delta una dey Insult like this
Re: Now , That Niger Delta Oil Is Gone by Nobody: 10:53pm On Apr 20, 2020
Melezenawii:
With the current price of crude oil, the Niger delta is quite not useful to Nigeria at the moment ..

Time to talk restructuring? -Suleiman

What is the way forward?

1. Sack 80% of Civil Servants
2. Ban importation of all goods and services
3 . Produce all goods and services in Nigeria
4. Effective and efficient VAT collection
5. Effective and efficient CIT collection
6. Everybody should go back to farm as part time or full time


Best of luck Nigeria



Yoruba man?

Haba.....Na Niger Delta una dey Insult like this

1 Like

Re: Now , That Niger Delta Oil Is Gone by Nobody: 10:56pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.
off point
Re: Now , That Niger Delta Oil Is Gone by Afobear: 11:21pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.



Common keep your mouth shut , common 1 million thief

4 Likes

Re: Now , That Niger Delta Oil Is Gone by Nobody: 11:33pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.
The EASTERN PART has suffered so much in Nigeria.
Relegation and so many other things.
I know you wish them more sufferings.
You will be AMAZED at what will happen, since the EAST is already used to such.
I pray you remain alive.

On my Part, I don't wish anyone such and I believe if such happens it will reawaken seriousness in governance.
Now people will know if their LEADERS are technically sound upstairs to generate ideas or BENCH WARMERS.

It will also affect you directly and Indirectly.
It will also affect me because I will send more money to my people from ABROAD.
START THINKING and STOP posting Irrelevant Things.
ANARCHY is Heading to NIGERIA
RETRENCHMENT is Loading
PRAY for your employed sisters and brothers..
Re: Now , That Niger Delta Oil Is Gone by PapaNnamdi: 11:41pm On Apr 20, 2020
The tribalism on this forum is nauseating,

but some of una go school na,
wahs all this

1 Like

Re: Now , That Niger Delta Oil Is Gone by GamalNasser: 11:45pm On Apr 20, 2020
Fuel price is being affected by the lock down and will pick up as soon as Economies start opening up
Re: Now , That Niger Delta Oil Is Gone by Lipscomb(m): 11:47pm On Apr 20, 2020
The joke is on you. I wonder if us will drink oil.
vertueptime:


Hopefully US and india will partially open , russia expected to cut production , hopefully will drive up demand to maintain and halt the plunge, before we start thinking of laying workforce we should prioritize, sell national assest no longer productive, jets and other recoveries,come up with a blueprint economic recovery plan that is feasible
Re: Now , That Niger Delta Oil Is Gone by Anambralstson: 11:51pm On Apr 20, 2020
Bighead9:
Now everybody go answer him papa name.


In all these, the East will suffer most. At present, they contribute nothing to the Economy, by then they will turn beggers.
Soon all the states in west will declare bankruptcy

1 Like

Re: Now , That Niger Delta Oil Is Gone by googi: 12:20am On Apr 21, 2020
Apart from the incendiary opening statement about Niger Delta that has carried Nigeria on its back for many years;

There is nothing wrong with preparing Nigerians for a bitter pill we must swallow.

It is foolish, actually dumb to place your very existence on the future demand of people you have no control over.

What is wrong with the rest of his statement?


Sack 80% of Civil Servants
2. Ban importation of all goods and services
3 . Produce all goods and services in Nigeria
4. Effective and efficient VAT collection
5. Effective and efficient CIT collection
6. Everybody should go back to farm as part time or full time


Las Las civil servants may have to be furloughed.

1 Like 1 Share

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