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Nigeria To Resume Oil Export To United States - Business (3) - Nairaland

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Re: Nigeria To Resume Oil Export To United States by dejifad: 9:43am On Sep 07, 2015
To God be the glory. Good times are knocking at the door again.
Re: Nigeria To Resume Oil Export To United States by Mekky05(m): 9:43am On Sep 07, 2015
Firefire:
Interesting...

What has CHANGED ?

The last explanation from American government for not buying oil from Nigeria anymore is described below.

- Does it mean that America oil production has dropped to make it now intending to buy crude oil from Nigeria ?

- Could it be a wicked policy to punish the unyielding president at the time ?

- Do we now have a president who is ready to do the bidding of the modern slave master ?

Fellow Nigerians,

Please what has really changed ? abi dis too naa the body odour or na body language una dey call am ??

According to the White House Economic Council Director, “across the last several years, US oil production has ramped up significantly by more than 50 percent to now over eight and a half million barrels per day.”

He explained that such a high turn up in local US oil production “has now dramatically reduced our dependency on imports,” Zients noted, adding that “in fact, we now produce more here than we import.”


https://www.nairaland.com/2063726/why-stopped-buying-nigerias-oil
As at yesterday,Sunday night.. CNN was talking about the downturn of Shale(American crude) and how they will be out to import oil. Sometimes,if your not sure of things its advised to keep quiet or #wakapass!

2 Likes

Re: Nigeria To Resume Oil Export To United States by shaddoww: 9:46am On Sep 07, 2015
Firefire:
Interesting...

What has CHANGED ?

The last explanation from American government for not buying oil from Nigeria anymore is described below.

- Does it mean that America oil production has dropped to make it now intending to buy crude oil from Nigeria ?

- Could it be a wicked policy to punish the unyielding president at the time ?

- Do we now have a president who is ready to do the bidding of the modern slave master ?

Fellow Nigerians,

Please what has really changed ? abi dis too naa the body odour or na body language una dey call am ??

According to the White House Economic Council Director, “across the last several years, US oil production has ramped up significantly by more than 50 percent to now over eight and a half million barrels per day.”

He explained that such a high turn up in local US oil production “has now dramatically reduced our dependency on imports,” Zients noted, adding that “in fact, we now produce more here than we import.”


https://www.nairaland.com/2063726/why-stopped-buying-nigerias-oil
A crying wolf as been spotted
Re: Nigeria To Resume Oil Export To United States by jara: 9:47am On Sep 07, 2015
You guys need to get real. It is now a buyers' market. Nigeria is too unreliable to replace Saudi Arabia supply to US. Understand that oil is abundant all over unless you wanna drink it yourself.

We cannot even refine all we need and sell without corruption. Get over Jona mismanagement and greed with impunity - na our oil!

Yeye dey boom.

2 Likes

Re: Nigeria To Resume Oil Export To United States by Leyemoshood: 9:52am On Sep 07, 2015
wow,good news is here grin


in other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/3
Re: Nigeria To Resume Oil Export To United States by menix(m): 9:54am On Sep 07, 2015
Chaii... Buhari ve sold us cheap..

The same guyz who severed buying frm us wiv the "we now produce" story under GEJ, cous he did not do their bidding.

Today, it's d reverse..
We dey see una CHANGE to modern slavery...


Signed;
Wailing wailer
Re: Nigeria To Resume Oil Export To United States by naijattingham(m): 9:57am On Sep 07, 2015
Naija bouncing back since d clueless otuokean and his cronies kicked us out of stardom.
Re: Nigeria To Resume Oil Export To United States by Nobody: 10:00am On Sep 07, 2015
Idrismusty97:
Whatever.... This is Nigeria last chance for diversification. The proceeds gotten from this opportunity wouldn't be looted and wasted under Buhari, Saudi Arabia have benefited too much from the US economy. Time to let Nigeria and Iran in!

Another heart breaking news for wailers;


Who still thinks Buhari visits to the US is a waste?

Was Nigeria not selling their crude after USA dump them.... USA, Britain and France are never a good ally if you want to move away from being a Third world country

1 Like

Re: Nigeria To Resume Oil Export To United States by CallPolice: 10:07am On Sep 07, 2015
which country will buy your finished product when they have their own refineries. Maybe Uganda sha

mrvitalis:
Will it be bad if we have enough refineries that will refine all our crude oil produced. ... so we only export finished product and add more value to it??

Just asking... .. sha.
Re: Nigeria To Resume Oil Export To United States by persius555(m): 10:09am On Sep 07, 2015
Mynd44:

If India, China and Brazil increases their Fuel imports from us, we might not have any crude left to sell to the US.

We need options when it comes to buyers
Well said. The three countries mentioned are emerging economies ithe last twenty years, partnering with these power blocs will definitely favor us on the long run. We share similar econmic climates with brazil and india as for the chinese, they will give us anything without strings attached as long as the terms are right. As for america, they can never be relied on. We need to be very, very careful when dealing with them moreover, we share no similar antecedents.
Re: Nigeria To Resume Oil Export To United States by Idrismusty97(m): 10:12am On Sep 07, 2015
kaycid77:


Was Nigeria not selling their crude after USA dump them.... USA, Britain and France are never a good ally if you want to move away from being a Third world country
As a matter of fact, No one is a good ally if we want to move away from being a third world country. We should rely only on ourselves and seek for a win-win situation with the world powers. Every country is looking out for their personal interest, We shouldn't be any different.

1 Like

Re: Nigeria To Resume Oil Export To United States by mrvitalis(m): 10:24am On Sep 07, 2015
CallPolice:
which country will buy your finished product when they have their own refineries. Maybe Uganda sha

Africa has a population of 1 billion
And believe me China and India will

1 Like

Re: Nigeria To Resume Oil Export To United States by AZeD1(m): 10:26am On Sep 07, 2015
Firefire:
Interesting...

What has CHANGED ?

The last explanation from American government for not buying oil from Nigeria anymore is described below.

- Does it mean that America oil production has dropped to make it now intending to buy crude oil from Nigeria ?

- Could it be a wicked policy to punish the unyielding president at the time ?

- Do we now have a president who is ready to do the bidding of the modern slave master ?

Fellow Nigerians,

Please what has really changed ? abi dis too naa the body odour or na body language una dey call am ??

According to the White House Economic Council Director, “across the last several years, US oil production has ramped up significantly by more than 50 percent to now over eight and a half million barrels per day.”

He explained that such a high turn up in local US oil production “has now dramatically reduced our dependency on imports,” Zients noted, adding that “in fact, we now produce more here than we import.”


https://www.nairaland.com/2063726/why-stopped-buying-nigerias-oil
Shale production is only profitable at $50 dollars and above , right now oil is trading far lower than that so shale producers are scaling back production.
That the US stopped buying oil from Nigeria had nothing to do with GEJ.
Not everybody is as malicious as you.

2 Likes

Re: Nigeria To Resume Oil Export To United States by 989900: 11:22am On Sep 07, 2015
mrvitalis:
Will it be bad if we have enough refineries that will refine all our crude oil produced. ... so we only export finished product and add more value to it??

Just asking... .. sha.

This is what I've always advocated for.

If countries with little or no crude like Japan and Singapore could be refining and exporting excess of 3million barrels/day, then WTF are we doing exporting raw crude for cheap?!

When we can be making many times more from refined products, quadrupling our foreign exchange earnings, improving the Naira, probably tripling our GDP while creating tons of industries and jobs.

Way back between 1990/1991 we were earning roughly $150m from refined exported products!

In a normal country, we should be doing multiple times that in 2015, but, hell we can't even refine enough for own use -- we import!

2 Likes

Re: Nigeria To Resume Oil Export To United States by Sweetlemon(f): 11:45am On Sep 07, 2015
9jii:
Good.
100 days or 100 years may God denied the Wailers good things from d change we fought for. make their condition unchanged.
God continue to shame them like on 2015 election.

AMEN!!!!!!
Re: Nigeria To Resume Oil Export To United States by Nobody: 11:50am On Sep 07, 2015
I hope the US government doesn't come out tomorrow to deny this.
Re: Nigeria To Resume Oil Export To United States by bigass123(m): 11:58am On Sep 07, 2015
For now that is almost impossible because we have not even be able to meet production for local consumption talk more of exporting refined crude.
That's a dream for Nigeria, if this administration can achieve refining crude for local consumption for 2years without a single import. Then that's a huge step ahead. We would have saved lots of money been legally stolen by oil marketers in the name of subsidy.
mrvitalis:
Will it be bad if we have enough refineries that will refine all our crude oil produced. ... so we only export finished product and add more value to it??

Just asking... .. sha.

1 Like

Re: Nigeria To Resume Oil Export To United States by mickey45: 12:13pm On Sep 07, 2015
Mynd44:
America's willingness to resume buying oil from us is good and all but not the what interests me most. That India intends to increase their oil imports from Nigeria to $50 billion is the real news here

That is great news

And why is that great? Depressing/shaming is what I'll term it.
If india which also have some oil has grown to the point of needing more to drive their manufacturing base. While we don't even have a market for refined products yet except, petrol, diesel and other fuels, then it's depressing

just as will be equally depressing if the major data driver (don't have complete stats) in this country is social media.
Re: Nigeria To Resume Oil Export To United States by mickey45: 12:17pm On Sep 07, 2015
989900:


This is what I've always advocated for.

If countries with little or no crude like Japan and Singapore could be refining and exporting excess of 3million barrels/day, then WTF are we doing exporting raw crude for cheap?!

When we can be making many times more from refined products, quadrupling our foreign exchange earnings, improving the Naira, probably tripling our GDP while creating tons of industries and jobs.

Way back between 1990/1991 we were earning roughly $150m from refined exported products!

In a normal country, we should be doing multiple times that in 2015, but, hell we can't even refine enough for own use -- we import!

Don't mind them, let them be happy selling their land only to rent rooms from developers

1 Like

Re: Nigeria To Resume Oil Export To United States by Princewell2012(m): 12:23pm On Sep 07, 2015
bonechamberlain:
Lord have mercy, when would this country look elsewhere and stop all these jubilation about anything that involves America.


But if the news reads, boko haram has bomb this state and 44 dead, you will be jubilating. Shame on you.
Re: Nigeria To Resume Oil Export To United States by ttmacoy: 12:27pm On Sep 07, 2015
That isn't true. That guy is not an official spokesperson of the US government and is just speculating.

major466:
The script is being played perfectly. Get Nigeria play ball with the United States or reject her oil if she choose otherwise. Nigeria is doomed!
Re: Nigeria To Resume Oil Export To United States by yayankainuwa: 12:29pm On Sep 07, 2015
Firefire:
Interesting...

What has CHANGED ?

The last explanation from American government for not buying oil from Nigeria anymore is described below.

- Does it mean that America oil production has dropped to make it now intending to buy crude oil from Nigeria ?

- Could it be a wicked policy to punish the unyielding president at the time ?

- Do we now have a president who is ready to do the bidding of the modern slave master ?

Fellow Nigerians,

Please what has really changed ? abi dis too naa the body odour or na body language una dey call am ??

According to the White House Economic Council Director, “across the last several years, US oil production has ramped up significantly by more than 50 percent to now over eight and a half million barrels per day.”

He explained that such a high turn up in local US oil production “has now dramatically reduced our dependency on imports,” Zients noted, adding that “in fact, we now produce more here than we import.”


https://www.nairaland.com/2063726/why-stopped-buying-nigerias-oil
what really changed, now there's responsible leadership!
what really changed was, the oil proceeds can't be looted any more!
what really changed was no more goats snipping around our collective yam!

1 Like

Re: Nigeria To Resume Oil Export To United States by ttmacoy: 12:32pm On Sep 07, 2015
This article title is utter rubbish and I'm not really sure why people are rejoicing. This Paul Wibhey guy heads his private energy consulting company and is just speculating at a lecture given in Nigeria.

Firstly he said if geo political relations change and the US may increase imports from Nigeria if Saudi Arabia continues to be closer to China. That's a big speculation and also ignores the fact that US imports from Saudi Arabia has been falling steadily due to increasing oil production in the US anyway.

Nigeria better not Base their economic planning on the US resuming oil imports from Nigeria.

Is it the same US that is also planning to be the biggest gas exporter in a few years that will ignore all the gains it has made to be more energy dependent and start importing from nigeria again?

Please read the article and tell me where he said the US will definitely start importing.

Seems we are so desperate for good news on Nigeria.

1 Like

Re: Nigeria To Resume Oil Export To United States by ttmacoy: 12:49pm On Sep 07, 2015
Oh please. the oil prices didn't fall due to sinister intentions.

The Us has always made it clear they would pursue energy self dependency and it's countries like Nigeria, Venezuela etc who were silly enough to believe oil prices will remain high forever and instead of planning and investing in the future decided to steal, waster and chop all the proceeds.

Oil is a commodity and the price will rise and fall based on demand and supply simple. China the biggest energy consumer for the past few years is slowing down and the US the second biggest is now an exporter so demand has fallen and supply risen. Supply will also increase when Iran joins the party.

I applaud the US with what they have achieved with Shale. shows what hardwork and a vision can do. People said shale oil can never be drilled successfully but they invented new techniques to achieve it while Nigeria is crying sinister plot.


major466:

I understand Nigeria need options but, more importantly Nigeria need her sovereignty back. Nigeria should be moving towards diversification. Nigeria need an economic base that she can control, not depending international oil markets.
The United States govt who are responsible for crashing international oil prices for her sinister plots will still do it in future. They did it in the 80s and 2014-2015. They will surely do it again.
Re: Nigeria To Resume Oil Export To United States by Nobody: 1:01pm On Sep 07, 2015
I am glad almighty America is going to save the dullard from ruining the economy by buying our oil. The dullard will have no country to blame for his failures .
Re: Nigeria To Resume Oil Export To United States by bonechamberlain(m): 1:55pm On Sep 07, 2015
Princewell2012:



But if the news reads, boko haram has bomb this state and 44 dead, you will be jubilating. Shame on you.
pls if u lack comprehension don't reply me, we are always jubiliting at the mention of America, when its obvious that this people don't want us to succeed in the boko fight, the same people that predicted that this nation would break up. Nigeria has to look elsewhere. as long as boko jeeps their bombings in the northeast am ok with that. the northerners brought that mess upon themselves.
Re: Nigeria To Resume Oil Export To United States by bonechamberlain(m): 1:56pm On Sep 07, 2015
Princewell2012:



But if the news reads, boko haram has bomb this state and 44 dead, you will be jubilating. Shame on you.
pls if u lack comprehension don't reply me, we are always jubilating at the mention of America, when its obvious that this people don't want us to succeed in the boko fight, the same people that predicted that this nation would break up. Nigeria has to look elsewhere. as long as boko keeps their bombings in the northeast am ok with that. the northerners brought that mess upon themselves.
Re: Nigeria To Resume Oil Export To United States by Nobody: 2:38pm On Sep 07, 2015
what changed? what happened? I thought they have shale oil... are they trying to control Nigeria or what? We would NOT accept gay marriage if that is their intention!
Re: Nigeria To Resume Oil Export To United States by perfectionist(m): 4:15pm On Sep 07, 2015
Nice development!!!
Re: Nigeria To Resume Oil Export To United States by nex(m): 5:05pm On Sep 07, 2015
Please, we don't want O! They should use their Shale Gas. The Nigerian economy is about to start growing at a rate that it may not have any crude or refined products to export to anyone.
Re: Nigeria To Resume Oil Export To United States by ocelot2006(m): 7:05pm On Sep 07, 2015
Let me get this straight....the United States of America, the world's LARGEST PRODUCER OF OIL, now wants to by Nigeria's oil?...........Folks, does that make sense to you? 'cos I smell a rat.

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