poverty, decayed public infrastructure, more corrupt and thieving politicians, epileptic power supply. nothing. Nobody is asking questions



Crude oil futures surged to a new trading record of $117 a barrel on Friday following an attack on a key pipeline in Nigeria, and attacks in the Middle East. The Shell Petroleum Development Company (SPDC), a subsidiary of the Anglo-Dutch oil giant Shell and operator of the NNPC/SPDC joint venture in Nigeria has declared a force majeure on April and May deliveries from the Bonny terminal effective from 1:00am on  April 22 as a result of deferments on the company’s pipeline. The rally capped a week of record highs fueled by supply woes and the dollar’s weakness relative to other major currencies. Gasoline futures also reached new record highs.

Light sweet crude for May delivery spiked to a new trading record of $117 in after-hours electronic trading Friday after settling at $116.69 per barrel on the New York Mercantile Exchange, up $1.83 over Thursday’s settlement. It was the fifth day in a row crude prices would set new records.

The run-up came after the Movement for the Emancipation of the Niger Delta —  the main militant group in Nigeria’s restive south — said it had sabotaged a major oil pipeline operated by a Royal Dutch Shell Plc joint venture. The group promised further attacks on the petroleum industry in Africa’s largest producer of crude oil.

A spokeswoman for Shell confirmed that the pipeline was leaking and said the damage appeared to have been caused by explosives.

Vanguard gathered that some 169,000 barrels per day of Nigeria’s total output has been affected by the development, adding that 30 per cent of the affected output belongs to Shell.

“This morning we also confirmed new attacks on our Soku-Buguma and Buguma-Alakiri pipelines. We are assessing the damage to the facilities,” a company official disclosed in a text message.

The contract had fallen to close to $113 per barrel in overnight electronic trading as the dollar strengthened against the euro and other currencies, encouraging some traders to lock in profits from crude recent record run.

In London, Brent crude futures rose $1.49 to settle at $113.92 a barrel on the ICE Futures exchange.
A host of supply and demand concerns in the US and abroad, along with the dollar’s weakness, have served to support prices, even as record retail gasoline prices in the US appear to be dampening demand. Crude prices have risen as much as 4 percent this week.

“Any kind of geopolitical tension is going to pump up the market,” Mark Waggoner, president of Excel Futures in Huntington Beach, California, told Dow Jones Newswires.

Attacks since early 2006 on Nigerian oil infrastructure by the group have cut nearly one-quarter of the country’s normal petroleum output, boosting oil prices. Nigeria is a major supplier of oil to the US.
Oil’s gains on Friday were limited by the dollar, which strengthened against the euro.

A stronger dollar makes commodities such as oil less attractive to investors as a hedge against inflation, and it makes oil more expensive to investors overseas. Analysts believe the weaker dollar is the primary reason oil has soared well past $100 a barrel this year. But the effect tends to reverse when the greenback gains ground.

Analysts expect the US Federal Reserve to cut interest rates several more times this year — moves that tend to further weaken the dollar — and reason that those cuts will help propel oil to new records.
Surging crude prices have also boosted retail gasoline prices in the US ahead of the Northern Hemisphere’s summer driving season when prices — and demand — typically increase.

“I would say that energy prices are having the most profound effect on the economy in recent memory,” said Phil Flynn, an analyst at Alaron Trading Corp, in Chicago, in a research note.
In other Nymex trading Friday, May heating oil futures rose 2.49 cents to settle at $3.2923 a gallon. May natural gas futures rose 20.4 cents to settle at $10.587 per 1,000 cubic feet.




http://www.vanguardngr.com/index.php?option=com_content&task=view&id=7061&Itemid=43

Huge foreign reserves - $50 billion +

High oil prices as a result of supply failure in Nigeria cannot benefit us.
This is because even if the price is higher, we are selling much less oil.

You see?

Yar'adua's frequent trips to Germany to patch his dilapidated soul!

Seun:

High oil prices as a result of supply failure in Nigeria cannot benefit us.
This is because even if the price is higher, we are selling much less oil.

You see?

We are not selling much less oil.Oil prices have gone up 1000% since 1999,supply has been fairly steady because production capacity has increased compared to 1999 even if militants keep knocking out some output.

We have benefited from high oil prices though more can be done.We have paid down our external debts,have a huge dollar reserve to cushion against any economic downturn in the future and sustained moderate GDP growth for some years now.

What Nigeria has got to show? Have you not been reading news about all those commitees that have been set up and all those meetings LOL. We should even be grateful sef at how technologicaly advanced we are, some countries are using ordinary power generation stations, our own stations are invisible to prevent easy location during bombing raids.  Yaradua the undercover brother, the plans for the country he has are so secret that nobody else but him knows.

nigeria doesn't exactly benefit as much as it could since our refineries are operating below capacity, we basically have to import oil at high prices. one reason, the FG couldn't afford to continue subsidizing oil

High oil prices as a result of supply failure in Nigeria cannot benefit us.
This is because even if the price is higher, we are selling much less oil.

demand for Oil is at a peak with the developing economies of asia. it's the demand that is actually driving the prices up

bawolowo,
how could you say that Nigeria does not benefit since our daily comsumption is about 350000 and we export about 2million bpd? Wetin be the change?

nothing dude.

Iraq is making $70 Billion this year with the high oil prices. Nigeria has not been at war for the past 5 years, how come we are not making more or are we?

7% of the world's illiterate children for sure!


Money miss road country!

bawolowo,
how could you say that Nigeria does not benefit since our daily comsumption is about 350000 and we export about 2million bpd? Wetin be the change?

the cost of refined crude oil products are higher than crude oil itself. nigeria's export output has been cut by a quarter due to the niger delta crisis. if nigeria had good management, we would be benefiting much more.

nigeria's export output has been cut by a quarter due to the niger delta crisis

Thank you.

Seun and Bawomolo,
what is a quarter of 2.25million barrels? what is our daily national consumption? about 350,000bpd, so what does it take to refine a barrel crude of oil that was extracted from Nigeria? - How can you subsidize what you own?

WHO ARE WE?                    

We are a Nigerian-based crude oil and refined petroleum products Buyers'/Sellers Mandate Group that primarily source product world-wide for, and on behalf of, several giant U.S. and European crude oil and petroleum products refineries and major buying houses, and we're Consultants, as well, to private investors,entrepreneurs and corporations on the hows and wherefores of obtaining GENUINE crude allocation or the license with the Nigerian authorities to become an authorized seller of Nigerian crude oil.  Basically, Epson WorldWide Resources  Agency's (EWR's) Buyers/Sellers' Mandate Group comprise a network of U.S.-headquartered high caliber, world-class oil professionals and energy companies having associates globally in the USA, Europe, Africa, China, India, Japan, etc. In the consultancy area of our operations, we offer, as well, on a world-wide basis, expert oil and petroleum products-related consulting services to our high-class international clients the world over on matters of safe sourcing of oil and oil products from Epson WorldWide Resources  and scam-free suppliers and sources globally.


What is our basic business? In a word, if you meet our minimal qualification for it, we can place you on our special Approved Dealers' List (ADL). With this, you're qualified to be linked up with a fitting, matching CREDIBLE buyer out of our huge network of credible, duly vetted, genuine crude oil and refined petroleum products buyers and dealers, for a mutually beneficial business arrangement.  

        
OUR WAY 

Our utmost value and distinguishing principle and hallmark that set us far apart, to which we put the most overriding, in deed a sacred,premium and dedication upon, is personal CHARACTER & INTEGRITY -- namely, reliability, transparency, honor, honorableness, honesty, and unfailing TRUSTWORTHINESS. Character and integrity by one's practical actions and deeds, NOT just one's mere words or claims.

We are a process-driven organization that strictly maintains transparently honest, genuine, non-faked long-term relationships with our trade partners, and seeks out and does business ONLY with parties who practice and live by exactly the same principle. In an industry that has, most sadly, increasingly become notoriously awash in fraud, scamming, scammers, circumvention, and back-stabbing, here at the Epson WorldWide Resources agency our WORD is our bond, we keep our WORD -- ALWAYS. We put the most utmost and treasured premium on our WORD.  And, likewise, we expect and demand the same, as well, and strictly insist upon the same, of  YOU and of any one or entity who comes to deal or do business with us.

ARE YOU A PROPER CANDIDATE FOR OUR
MANDATESHIP/CONSULTANCY OR AGENCY
PARTNERING SERVICES?

True, the authoritative Dr. Pedro’s manual guide, The Only Way the Commodities Intermediary Can Close a Petroleum Trade Deal or Make any Money Today, provides the diligent reader a comprehensive and thorough exposition of essentially the same techniques and principles as are employed and applied in the ReliableOilDealsConsultancy agency's mandateship and consultancy work with traders, intermediaries and clients. And, equipped with a good mastery  of the contents of that guide book, readers and ordinary individuals,themselves, can employ the same methodology in successfully carrying out their trading.  However, the fact of the matter, also, from our practical experience, is that, for a variety of reasons, including the "learning curve" factor that may be involved, often times there are some individuals who would still need, or would prefer, a more hands-on, practical type of expert assistance or guide in pulling off a particular trade deal opportunity.

We partner with such parties (suppliers or buyers) providing they are QUALIFIED,and/or provide them with expert assistance, aid or guidance.

PRIME CANDIDATES FOR OUR SERVICE

    If you’re an investor, an entrepreneur or company with the financial capability and wherewithal for it, and want to obtain genuine crude allocation or the license with the Nigerian authorities to become an authorized seller of Nigerian crude oil
Or, you may be just a novice oil trader, or broker, agent or other intermediary, who, perhaps, is at a stage in your evolution in the business where you’ve dutifully read and studied the author's book and its techniques, alright. Where you are diligently studying and learning the trade, alright, but just that at this stage you just have not clocked, yet, the sheer amount of time, and therefore the vital requisite hands-on  experience and skills level, that’s necessarily required by the nature of the industry for one to master the  skills and know-how to solely put a given kind of deal you have at hand together.


    Or, maybe you haven’t, yourself, developed yet, and don’t yet have, the kind of market exposure and connections in the business required, or the kind of business clout and credibility essential, with your traders or other fellow intermediaries' chains involved in your deal as is sufficient for you to command, as of now, the trust and confidence of such other intermediary chains to secure their vital ‘step back’ arrangement to enable execution of the deal in the particular offer.


    Or, maybe that even as you’ve dutifully read the book and its techniques and digested it, alright, you just plain prefer and are at your greatest comfort level having someone else, a person or entity you trust to be more routinely accustomed to, versed, experienced,and adept at undertaking such tasks for a living, to do it for you or direct and help you put the deal together. Or, for whatever your reason or motivation, business or personal.

WHAT WE CAN DO FOR OR WITH YOU?

If you have a QUALIFIED, genuine and credible offer and need our mandateship or consultancy services, or both – and can show that you meet our minimal qualifications for being assisted in such a case – please contact our office. We’d be glad to work and partner with you or to be of assistance – just providing you meet our strict minimal qualifications. We can work with either the SUPPLIER'S or the BUYER'S side.

What is a "qualified" deal (or dealer) for us? Essentially, a qualified deal or offer by our simple standards, is simply one that is a genuine and legitimate one, and which, first and foremost, you can show us, through concrete independently verifiable proofs and evidence (and NOT merely the usual time-waster joker broker claims and unverified documents that float around on the Internet), that it is a REAL and LEGITIMATE one.

HOW WE WORK 

In a deal in which we’re involved, our prime responsibility would be, FIRST,  to assess and ascertain that the offer we have in hand (on BOTH the buyer's as well as  the seller's sides),  is  verifiably actually a LEGITIMATE & GENUINE one.  And then, SECONDARILY, upon such determination, thereafter we'd manage and negotiate the deal for and on behalf of the brokers/intermediaries (if any) involved, and guide and manage the deal between the supplier and the buyer (and their respective brokers and agents) – and, always, with the utmost integrity and transparency – to conclusion from start to finish, using essentially Dr. Anosike’s patented “mutually safe” trading procedures. We'll secure all payments or commissions (among other things) that apply or are due to all parties rightfully entitled to receive them in the transaction (the traders, brokers, agents, intermediaries and all beneficiaries), ensuring that they actually receive them.  

Through our special, experience-based method and strategy of conducting business, we render unnecessary  having multiple layers of middlemen and long ‘daisy chain’ of competing brokers and agents in an offer (a condition which is often really the main factor that unnecessarily beclouds the process and hinder progress in doing a deal); we quickly establish reasonable negotiated  the product supplier and the buyer and their respective broker/agent intermediaries that is MUTUALLY SAFE for BOTH sides,alike, we quickly effectuate a contract between them, and negotiate and conclude the deal for the benefit of ALL the parties involved in a deal -- the supplier, the buyer, the intermediaries on both sides.

WE DEAL ON THE FOLLOWING PRODUCTS AND PROCEDURES 
BLCO, LPFO,D2, LNG,MAZUT, AGO, PMS, DPK, RED PALM OIL, BASICALLY ON TTO/TTT/CIF/FOB.

We will, and can,  work with you if -- and ONLY  IF -- you are a "qualified" dealer, and/or its broker/agent, and can verifiably prove that to us. Meaning, simply, ONLY IF you are a GENUINE dealer (buyer, seller, agent or prospect) who is a non-scammer but a LEGITIMATE dealer, and you have a genuine deal or dealer which you can prove, through independently verifiable concrete EVIDENCE, to be so. If (and ONLY IF) you meet this simple qualification, then for us, you are a "qualified" dealer worthy and suited for inclusion in our ADL or Approved Dealers List, and you may contact us.

If otherwise, and you DON'T qualify, then please, please, please, just don't contact us!  


DO YOU NEED AND QUALIFY FOR THIS SERVICE? THEN, CONTACT US

If you need our service, and are qualified for inclusion in our ADL list, please contact us.
WHAT NEXT? Thereafter, we’ll send you our short list of a few requirements we ask for to ascertain your qualification to warrant our undertaking an offer or project, and take it from there.

To contact us on securing an oil allocation license with Nigerian authorities to become an authorized seller of Nigerian crude oil or assisting you in managing and closing a qualified deal,please address your request to :epsonlinksresources@yahoo.com or call +2348032660323 / +2348097473080 /+2348028450770 / +2348147961763 

OUR GRAND BARGAIN WITH YOU.

If you're a buyer – a LEGITIMATE buyer (or his true broker/Mandate or Agent) –  you simply should provide us some tangible proof or evidence,which we’re independently able to verify, that YOU yourself are, in fact, so. And we will, in turn,  promptly introduce you to one (or more) of our prized already vetted sellers

THE BOTTOM LINE, OUR ADVANTAGE

ZERO possibility of your being scammed or defrauded; Almost 100% guaranteed delivery of the product contracted for Absolute transparency, verifiability, and confirmability of the GENUINENESS of the seller and/or the offer.
        Verification is from reliable, internationally-recognize independent, third-party sources – you take the doubting and guessing work completely out of your crude and petroleum products buying business and investment decisions; you KNOW, for sure, who you’re dealing with and that it’s a LEGITIMATE & GENUINE dealer.
        You avoid, completely, all time-wasting typically involved with most joker-broker ‘traders’ on the Internet, and save yourself tremendous precious time, frustrations, repeated disappointments, failed promises and false starts.
        You’re Virtually Guaranteed: the supplier you’re dealing with is real, he’s genuine and legitimate, he’s
        trustworthy, he’ll deliver.

That’s our ultimate “ Epson WorldWide Resources Agency Advantage’ for you, if you’re a LEGITIMATE oil buyer or dealer.

Tonim:

Huge foreign reserves - $50 billion +

And how does that affect your earning power Kum living standard