Nigeria’s Oil Production Ends In 41 Years – World Bank - Politics (3) - Nairaland
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| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by lorddannie: 7:14am On Oct 06, 2012 |
Oseniade: Danger! This is why self employment should be encouraged.We have got to shift our focus from oil to other sectors of the economy like Agriculture.Remember the groundnut pyramids of d north and Cocoa house of Ibadan.Gracias![color=#990000][/color]they no longer plant groundnuts. they plant bombs! |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by fubbyy(m): 7:18am On Oct 06, 2012 |
ULSHERLAN: Dem be God..mtchewthis one thing i hate about all this religious fanatics,attributing everything to God, imagine an adult arguing with me sometime ago that its God that decides when rain wil fall, a doctor warned my cousin nt 2 get pregnant again after her 3rd delivery because of her health bt she askd d same question,weda doctor na God? She went and gt another pregnant,today where is she? 6 ft under d ground,u ppl shuld hv a mind of ur own 1 Like |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Nobody: 7:19am On Oct 06, 2012 |
my friend with in red ink,you are a bush man to say we have other reserve,it's like you appreciate poverty and that is why you are a wretched man,fool |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by sentix(m): 7:22am On Oct 06, 2012 |
God Please freeze Nigerian Crude Oil for just 6 months maybe this will allow us to change and become better. This will create a situation for a new Nigeria. Amen |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by lorddannie: 7:24am On Oct 06, 2012 |
savcy: 10years ago they said its 30yrs til our reserve is depleted. 12yrs later, its 41yrs! Did they drill d ground and measure barrel by barrel?? Dats how dey'v bin predicting doom 4 our economy and nationhood,yet we stil thrive. Make dm park wel jor.Good questions! the analysis ans statistics was based on current proven reserves, as more reserves are being discovered, the longer the years it would take before extinction. new reserves are being discovered in the deep offshore, so the date of extinction might still be shifted. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by lorddannie: 7:27am On Oct 06, 2012 |
savcy: 10years ago they said its 30yrs til our reserve is depleted. 12yrs later, its 41yrs! Did they drill d ground and measure barrel by barrel?? Dats how dey'v bin predicting doom 4 our economy and nationhood,yet we stil thrive. Make dm park wel jor.Good questions! the analysis ans statistics was based on current proven reserves, as more reserves are being discovered, the longer the years it would take before extinction. new reserves are being discovered in the deep offshore, so the date of extinction might still be shifted. The current reserves are 35billion barrels for oil and 185trillion cubic feet of gas. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Kaydem(m): 7:31am On Oct 06, 2012 |
Mtchewww........ According to the World bank’s chief economist, Mineral wealth in African countries including Nigeria don’t transla te to prosperity because the money accruing from it doesn’t pass through the citizens, and the citizens don’t see the wealth as theirs. SMH....... |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by epitome86: 7:31am On Oct 06, 2012 |
na dem sabi ....e good make bush meat catch the hunter one day... Since in jst some certain citizen dat are enjoin it |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by k2039: 7:38am On Oct 06, 2012 |
conyema12: [size=13pt]well you have a point,I was even suprised when my lecturer told me oloibiri was still producing. I agree our legislation is extremely bad,even the oil companies know this,that why they try shi^ts they cant try in other countries here. I hope the right people are actually reading the article then,we need to plan ahead. Our fundamental problem in nigeria has been bad leadership [/size] |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by 9jii(m): 7:38am On Oct 06, 2012 |
Its really sad to know that, the only things we r goin to left for our upcoming generations out of this Oil is it Cursed. Y we think like the way are? |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by size38: 7:42am On Oct 06, 2012 |
Nawa ooo! Its a wake up call for countries that are governed by human beings. But for nigeria, its a wake up call for our leaders to intensify their looting. Chei! We don die. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by EzePromoe: 7:47am On Oct 06, 2012 |
[size=24pt][color=990000]Please NLders, lets show sanity in making comments. Coming to think of it, those who are boasting of oil reserves that will last in 150 years or 200 years, provided it be true, don't you think that by then the use of oil would be drastically reduced and oil will not be in so much demand as it is. Other sources of energy would be discovered. For example, you can see now that electric cars has been created, what of the solar system used in most home as a means of producing electricity. By then oil would be history. Scientists are making researches daily in other to find a more convenient source of energy that won't pollute the air thereby causing the depletion of the ozone layer.[/color][/size] |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by mkmyers45(m): 7:50am On Oct 06, 2012 |
Okija_juju: utter bollocksOkija me and you know no one is interested in Gas |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Mogten(m): 7:52am On Oct 06, 2012 |
These people can barely predict the weather, let alone underground resource |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by larimo(m): 7:55am On Oct 06, 2012 |
The report is correct and does not bring out any new information as such. We have always known that our current reserves should last between 35 and 45 years depending on daily productions. The lifespan also depends on if new discoveries are being made. So in 10 years to come, we might still say another 40years. Fields discovered in the deep offshore have helped increase the lifespan of oil production. Most of the fields developed in the 70s' are at the end of their lives. They may still be producing but in a few thousands of barrels and plenty water  .Someone mentioned that Nigerian has more unproven reserves than proven reserves. Thats an ERROR. We have huge unproven resources not unproven reserves, beacuse they have not been drilled yet so you cannot really say what you have. We speak of reserves as something that you can actually account for. The onshore (coastal swamp in particular) holds significant resources but mainly in high pressure/temperature contexts. Companies aren't ready for that yet. Currently we are not exploring as much because companies are very skeptical about the PIB as well as the the avoidance of working onshore. Companies for now, are content with developng abd producing current discoveries until things become better. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by mkmyers45(m): 7:59am On Oct 06, 2012 |
blink182: Nigeria is a major gas producer, I believe the second largest reservoir in the world is in delta state and owned by conoil. Oil is just one of those things that the government diverted attention to. When we run out of oil, attention would be shifted to gas though I wonder if this contraption called Nigeria would still be in existence.You are joking right? |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by mkmyers45(m): 7:59am On Oct 06, 2012 |
Mogten: These people can barely predict the weather, let alone underground resourceNonsense... |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Sircuba: 8:02am On Oct 06, 2012 |
We go dey produce CASSAVA BREAD or bomb |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by OmoTier1(m): 8:04am On Oct 06, 2012 |
The same world bank that claimed earlier this week that there is no available data in Nigeria? Hehe, I dey laugh ohhhhh  |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by ijawkid(m): 8:06am On Oct 06, 2012 |
If the crude we have now can just be frozen for sometime I think 9ja can retrace her steps....because this crude oil has really dulled this country for too long..... The leaders only think of oil and how they'll keep stealing from its gains.... This country dey mad o.... 1 Like |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by kenx1(m): 8:07am On Oct 06, 2012 |
Let Tђε̲̣̣̣̥ looting escalates :-D |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by codernoni: 8:41am On Oct 06, 2012 |
They should wait oo!! I go chop my share of the oyel money before e finish. In the name of Jesus |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by onojiwizardgmailcom(m): 8:43am On Oct 06, 2012 |
as a scientist i know from available scientific data that in less than 30 years, oil wil loss it relevance due to the advances been made in the field of renewable energy, so we dont even need to panic we will still be selling oil for even the next 200 years but at a far far less value as demand for it will be largely depleted |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by sylve11: 8:44am On Oct 06, 2012 |
ZUBY77: Atleast that will allow us to look into other areas, especially agriculyure. Lol, Chino Rambo!  |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by OkikiOluwa1(m): 8:49am On Oct 06, 2012 |
supereagle: Mineral wealth in African countries including Nigeria don’t translate to prosperity because the money accruing from it doesn’t pass through the citizens, and the citizens don’t see the wealth as theirs./hm! D truth of the matter. Wake up Nigerians... 1 Like |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by ZeusI: 8:50am On Oct 06, 2012 |
100% LIE! Dumb fools. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Nobody: 8:51am On Oct 06, 2012 |
I disbelieve this report. Why do I  Oil is a by-product of changes made to decaying organic matter in the presence of heat and moisture. If the current reserves expire or get tapped in the next 41 yrs, then more would have been produced by the process i described above. So i dont see the reserves ever going dry. Unless by 41yrs time, Nigeria doesnt have swamps and forests anymore. But who said so Oil could also be found in tar sands. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by OILOFGLADNESS: 8:51am On Oct 06, 2012 |
@poster, @nigeria, God created natural resources, He is the owner, it was never manufactured bt man, that is why it is natural, he decides when to take it back or dry the oil from the reserves, he can even decides it today, but He is a merciful and compassionate God He knows the people He created needs it. whose report shall we believe, the report of man or of God? |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Baba419(m): 8:56am On Oct 06, 2012 |
41years, I suppose to don dey collect my oil pension money by then |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by onojiwizardgmailcom(m): 9:02am On Oct 06, 2012 |
Baba419: 41years, I suppose to don dey collect my oil pension money by thenhave you asked yourself what will your childrens furture be, what will be left for them and their children, Nigerian are too selfish that is why this country cant move forward |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Iskra: 9:04am On Oct 06, 2012 |
Great News. |
| Re: Nigeria’s Oil Production Ends In 41 Years – World Bank by Nobody: 9:04am On Oct 06, 2012 |
Ediot nonsens world bank! if na dem be God oya make we see! usless peopple na una give us the oil ? na so so bad bele and rumore to distabilize country na em una sabi; where una dey when economies for world go enter crisis ehn; usless peopple! moda 4okers! |
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