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Thisday: US Finally Weans Self Off Nigerian Oil by esere826: 11:15am On Oct 03, 2014 |
I am kind of pleased with this
http://www.thisdaylive.com/articles/as-us-shuts-its-door-on-nigeria-s-oil-exports/190455/ 5 Likes 1 Share |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by oderemo(m): 11:25am On Oct 03, 2014 |
Gradually this will affect demand which will ineffect hit price which will ultimate ly Lead to a lot of problems for most oil xporting nations. The sooner the better. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by joycooten2002: 11:32am On Oct 03, 2014 |
When you suddenly jettisoned your best buyer and go for its opposition vis-a-vis china rusia. Why wont they stop. In the World order. We need them more than they need us. More in my mind and fingers but dont want to go to jail |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by badmrkt(m): 11:35am On Oct 03, 2014 |
joycooten2002: When you suddenly jettisoned your best buyer and go for its opposition vis-a-vis china rusia. Why wont they stop. In the World order. We need them more than they need us. More in my mind and fingers but dont want to go to jailbros US need us more than we need them. Ask their doctors.... 2 Likes |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by eleojo23: 11:39am On Oct 03, 2014 |
Alright. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by datguru: 11:39am On Oct 03, 2014 |
Rebellion |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by lirusehn(m): 11:46am On Oct 03, 2014 |
only time shall tell. Blacks shall take over. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by tinuolababy(f): 11:53am On Oct 03, 2014 |
this is old news na |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by skyeboy98(m): 11:54am On Oct 03, 2014 |
For now they need us more than we need them, bt they will nt say it, if they don't need us they will not help us in anyway like takling de BH issue. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by AjanleKoko: 11:54am On Oct 03, 2014 |
Well . . . only means we will do more business with the Rest. I.e. China, Japan, in the short term. But China is actually sitting on the world's largest natural gas reserve. Fracking, though a major environmental scare, is definitely within their reach. The prognosis isn't good. Our fragile peace is definitely under threat. Once there's no more 'free' money to pay off the various tin gods in the polity, the door might suddenly become open to all kinds of dark stuff. 1 Like |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by donguutti: 11:57am On Oct 03, 2014 |
The Price of Brent crude, the base benchmark for our stuff is down to $91, lowest in 2 years,The effects would show up soonest, lower Federal allocations to all levels of Government(with attendant political higi haga) ,lower foreign reserves, pressure on the naira.Leading to more unwise panic policies. Good side-The days of Easy living are over, time to put our backs to the wheel, lower subsidy payments, |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Godsfavour001(m): 11:58am On Oct 03, 2014 |
pls what is the shale revolution. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by lonelydora: 12:05pm On Oct 03, 2014 |
US need more than we need them. But they should wait make I 1st enter ExxonMobil. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by lonelydora: 12:05pm On Oct 03, 2014 |
US need more than we need them. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by iamodenigbo1(m): 12:10pm On Oct 03, 2014 |
Nsogbu dikwa, |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Nobody: 12:12pm On Oct 03, 2014 |
We need to diversify quickly and I'm hearing good signs from the agric. sector, but we def need to do much more. Dubai is shooting to increase income from tourism alone to $89bn by 2020 and I think we should learn from them in that regard. Wish we already had stable electricity with all the income from Oil we have received over the years, but I guess the past is the past. Now, more than ever, we need wise leaders at ever level to properly utilize the income we are currently receiving from oil, in it's application to every sector of the country. 2 Likes |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by AjanleKoko: 12:19pm On Oct 03, 2014 |
^^^ That's going to be a tough sell in a top-heavy country largely populated by lazy freeloaders and opportunists, and poor hard-working people trapped at the bottom of the ladder. Diversification is going to be slow and tough and very painful. We have always had plenty natural resources as well as opportunities to diversify the economy. But the sharing mentality has persisted till date, and is still going strong. 1 Like |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Canme4u(m): 12:41pm On Oct 03, 2014 |
Naijiria go better. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by pazienza(m): 1:10pm On Oct 03, 2014 |
Reduce the salaries and allowances of freeloaders by the names of, President, Senators,house rep members,Governors, and other Government workers like the judiciary and their likes. Reduce their take home money to be in rhyme with those of the people they were supposed to serve,but ended up making themselves the masters of. Scrap irrelevant government posts like PAs and their likes,reduce to number of ministries and minsters. Let the austerity measures begin from the government,the number one freeloaders in this geographical expression, who takes so much for offering nothing. This alone would free up excess funds to cover for the fall in oil prices. 2 Likes |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by pazienza(m): 1:17pm On Oct 03, 2014 |
But are the freeloaders going to take the effect of fall in petrodollars? No. They are used to and addicted to luxury, they won't go down now, rather they would place the blunt squarely on the already impoverished populace, someone is already talking about further removal of fuel subsidy. The actions of the freeloaders is only going to play into the hands of secessionists. 1 Like |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Waspy(m): 1:17pm On Oct 03, 2014 |
Sooner or Later....Naija will know its true worth |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by ISpiksDaTroof: 1:23pm On Oct 03, 2014 |
badmrkt post=/post/26828937:ROFLMAO They must have Meth Fountain somewhere in Lagos where free dope just gushes out and you sniff to your nasal satisfaction. 1 Like |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Kezifils(m): 1:28pm On Oct 03, 2014 |
If US no buy, others go buy. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Nobody: 1:32pm On Oct 03, 2014 |
badmrkt post=/post/26828937:. Comments like this makes me cringe at how ignorant people can be. 1 Like |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Nobody: 1:36pm On Oct 03, 2014 |
Kezifils post=/post/26831728: Hey dumbass Apparently you didn't even read the article. All you saw was US won't buy and your slow poke brain didn't even fact read. We're gong to be competing with middle eastern countries for the same oil market. The us should be the least of your worries because I'm 10 years we might not have enough buyers because the there will be more sellers than buyers. Next time, read before you comment 2 Likes |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Nobody: 1:37pm On Oct 03, 2014 |
badmrkt post=/post/26828937: It's one thing to be dull. It's another to be dull and proud of it by displaying it to the whole world. 1 Like |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Nobody: 1:39pm On Oct 03, 2014 |
oderemo post=/post/26828709: MEMO TO NIGERIAN LEADERS THE SOONER YOU DIVERSIFY THE ECONOMY, THE BETTER FOR YOUR THIEVERY. YOU WONT BR ABLE TO MAINTAIN IT IN A COUPLE OF YEARS. 1 Like 1 Share |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by esere826: 1:49pm On Oct 03, 2014 |
joycooten2002 post=/post/26828855: |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by okunboy: 2:00pm On Oct 03, 2014 |
Congratulations Nigeria! The black oil that have suppressed virtually all other resources that can transform your economy is going down. That black evil oil that could barely generate 15% employment for your teaming population is finally going down! The revenue which is mainly a share entity among your thiefing politicians. Over $300 billion generated from this evil oil (equivalent amount used to build the entire Europe) in Nigeria has made you a pauper than any other country in the world! Gradually, the prayer of Mrs Oby Ezekwesili is being answered. I prayed too that not only will US stop buying your Oil, others will follow soon (Can I hear AMEN) Only 1 Per Cent of Nigerian Population Reaps from Oil Exports Funds – Oby Ezekwesili Nigeria, a commodity that benefit only 1% of your polulation is not needed! Good riddance to bad rubish!! Congratulation once again!!! |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by dhardline(m): 2:05pm On Oct 03, 2014 |
E no go betta for all our leaders past for putting us in this mess. |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by esere826: 2:15pm On Oct 03, 2014 |
guys,... let's face it we lack the capability to diversify quickly We've been squeezed into a corner because apart from being saturated, US does not presently see any strategic benefits dealing oil with us. They'd rather manage their relationship with Saudi Arabia. The shock of this is that we are now exposed to the very unscrupulous and competitive markets of Asia and maybe Eastern Europe What you'll soon see is: - a situation where civil servants in the oil sector make more illicit money - More individual oil buccaneers pushing hard currency around in private jets like the SouthAfricaJetArms gate - Government borrowing more money from the West to keep up with recurrent expenditure - Government soon not able to pay its debt. - The remnant of our oil wells will then be dealed directly to the west to manage the debts - The west will then send the kids of the original Nigerian thieves back to Nigeria from the top Western universities to manage the deals. - and the poor keeps getting poorer and praying for a Moses fast forward to some 30 years from now then their round bellied sons will screw your famished daughters for sport and your glazed eye sons will complain on NairaLand that the girls are hungry ..vicious cycle isn't it? |
Re: Thisday: US Finally Weans Self Off Nigerian Oil by Akanbiedu(m): 2:43pm On Oct 03, 2014 |
Can anybody analyze how this will affect exchange rate N/$ in say two years from now? |
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