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Nairaland Forum / Nairaland / General / Politics / Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? (57042 Views)
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Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Nobody: 6:20pm On Dec 30, 2015 |
@ToyinDipo buddy it will not drop to $5/barrel. Not possible. You have to account for inflation in your measures. Even if the oil had 0 added value, the inflation component will still keep it above the said 5 lol. Shale producers can keep laying off and producing in Okla., Wyoming etc for now. But for how long till fracking activities co,e under serious regulatory action ? Also note that although there is a glut of light oil in the Atlantic, dont forget that North Sea production will go offline before Niger Delta's lol. Have you taken a proper look at the demand growth( absolute value) versus supplies. That is to say 60 plus dollars/barrel is probably possible by 2018 lol. It makes no sense to call the key transport fuel of the world 'inconsequential'. Everyone shuts down or freezes without crude derivatives. 2 Likes |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Ilovemystate: 6:20pm On Dec 30, 2015 |
Anambra home of indigenous industries
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Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by TheDevilIsALai: 6:21pm On Dec 30, 2015 |
Flyoruboy: All it takes for Ogun free trade zone and repackaging companies to collapse is for the foriegn owners to quit and relocate some place else. And there are many socioeconomic reasons that could lead to that. But Aba will simply adjust to whatever trend and continue. Why? Because Aba gave birth to their own industry. You are beating your flat chest for renting land to foriegners who employ you as factory labourers and you call that development Mental slavery 2 Likes |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Zico5(m): 6:21pm On Dec 30, 2015 |
masterpower:Why re u so foolish like this. Is it not better to be slave than to be under dejected and God forsaken people like urs? 3 Likes 2 Shares |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by wink2015(m): 6:21pm On Dec 30, 2015 |
[size=18pt]crude oil is not really worthless despite the fallen price of crude in the international market. Rather than turn away from oil, oil should be combined with agriculture for greater economic growth. I think corruption must be eradicated and the money coming from crude sales however little should be plough to agriculture to create employment for the youth and food for the nation.[/size] |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by wristbangle: 6:23pm On Dec 30, 2015 |
darqly: Nice one 1 Like |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by MrAnalyst: 6:25pm On Dec 30, 2015 |
adconline: Truly sad adconline. Truly sad. |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by mark3009(m): 6:28pm On Dec 30, 2015 |
Bryan37:You are very dumb. The gas that Nigeria sells to other countries which is likely to be the next cash cow where do you think the gas reserves are from? As a matter of fact without the ND you won't even have electricity in other parts of the country. 1 Like 1 Share |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by mrDennis(m): 6:29pm On Dec 30, 2015 |
olukenzo: when u observe the venom and narcissistic vibes they spew you have to pity any minority tribe under biafra (if col. ojukwu had won the war) such pride , irritation and disdain for other tribes. makes you wonder how come they flood foreign lands (in the zoo). to make their daily bread . . am yet to see how oil has positively affected ND ... infsct I hope it dries up sooner so the FG will put more effort into cleaning up our lands and ensuring our fishing industry thrives. . imagine naija importing fish 6 Likes 2 Shares |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by wristbangle: 6:30pm On Dec 30, 2015 |
Ilovemystate: I love the concept over there. Indomie Ayoola Limited Bimbo Ajanla-CHI Etc. As it is over there, so it is here. 1 Like 2 Shares |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by torddy4u(m): 6:30pm On Dec 30, 2015 |
Psylas: did d ND stopped d biafria, or Wat? can't u do d fight without pushing blames.... by d way ND can survive without or without oil.... 2 Likes 1 Share |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by MrAnalyst: 6:30pm On Dec 30, 2015 |
hinohsend:The joke's not on me. I just didn't take it personal. |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by kayroy5(m): 6:33pm On Dec 30, 2015 |
The best thing for them is to stop this yeye Biafra protests and go back to farm. And Igbos should return to 419 business. 1 Like 1 Share |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by darediamond(m): 6:34pm On Dec 30, 2015 |
What stops you from taking over now? Here in Ibadan, 90% of aba-made shoes have low grade. I know not what is wrong with the shoe-makers over there. They just can't compete in quality with Shoemakers here in IB City let alone Lagos. Forget, you guys taking over anything expecially here in the West. You are no match for us. I'm not boasting. I've seen things for myself. Bring whatever on, there is readily a ready-made SUPER-MATCH. TheDevilIsALai: 2 Likes 1 Share |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by kayroy5(m): 6:35pm On Dec 30, 2015 |
They should embrace Nigeria and stop their yeye protest. |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by ToyinDipo(m): 6:36pm On Dec 30, 2015 |
Dasuks: I like your humour, lol. When I said around 5 dollar/barrel, I didn't mean 5 flat, maybe 5.xx/barrel. I didn't mean the word inconsequential in the offensive lol. However not up to two years ago, oil was over 100/barrel and we both know the price now. Even at the moment more fuel than needed is pumped daily, it's like no one is reserving it, maybe not even US. This suggests there might not be prospect for oil in the nearest decades, they will soon perfect nuclear energy |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by teepain: 6:38pm On Dec 30, 2015 |
These are not the best of times for Nigeria and Niger Delta in particular. However, the Niger Deltans need to brace up for any eventuality by doing the following: 1. Holding their current crop of leaders accountable such that whatever allocation accrues to the state's would be used for the collective benefits of all. Encouraging their leaders to steal because other regional leaders are stealing should be jettisoned. No leader from any region deserves to steal our common wealth. 2. They should lobby the Federal Govt.to put in place a plan of action which will be targeted at developing the region's infrastructures. 3. Their leaders should pay more attention to ensuring that the Oil Companies maintain standard environmental support or clean up required of them instead of always collecting handouts from these exploiters. 4. The other regions must be encouraged to develop their capacities to generate revenue without relying on crude oil so that they can contribute towards the development of the Niger Delta.region 1 Like |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by captain247: 6:38pm On Dec 30, 2015 |
TonyeBarcanista: |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Ilovemystate: 6:38pm On Dec 30, 2015 |
wristbangle: Anambra home of indigenous industries
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Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by mark3009(m): 6:39pm On Dec 30, 2015 |
TheDevilIsALai:Industries in ogun free trade zone will not run without the power Which is generated from ND gas reserves. 2 Likes |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Abugab(m): 6:39pm On Dec 30, 2015 |
Make them dey drink am |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by tete7000(m): 6:40pm On Dec 30, 2015 |
Oil price goes in a cycle of high and low. At some point in the future, oil price will rebound. |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Ilovemystate: 6:41pm On Dec 30, 2015 |
Anambra home of indigenous industries
|
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by MrAnalyst: 6:42pm On Dec 30, 2015 |
willow0801: I can't help it. A million likes for this gentleman. |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by simplibaba(m): 6:42pm On Dec 30, 2015 |
NakedEve: What has religion got to do with this? |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by NakedEve: 6:43pm On Dec 30, 2015 |
sameer1212: Wetin dis one dey talk? |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by TheDevilIsALai: 6:44pm On Dec 30, 2015 |
mark3009: And the money that drives the useless economy |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by MJAP(m): 6:44pm On Dec 30, 2015 |
That the price is dropping does not make it worthless, we are still using it domestically |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Nobody: 6:45pm On Dec 30, 2015 |
omonnakoda: Really tired of hearing all this Agriculture stuff ..Do we have more cash crops than Cote du Ivoire? Is Casava exclusive to Naija? Is naijas land mass more fertile than the monsoon plains in India? America produces more cotton and groundnut. So what unique crop can fetch us d billions. With an exploding population, what arable land is there? |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by Amberon: 6:45pm On Dec 30, 2015 |
We are talking about NOW. the future is pregnant, and even at that, the SS has the highest natural gas reserve in Africa and 7th in the world. Also the most sustainable region in Nigeria and of course has the highest GDP per capita. adconline: |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by free2blast(m): 6:46pm On Dec 30, 2015 |
TheDevilIsALai:Typical Igbo man! Aba will adjust while Ogun will not abi? You set of people are just delusioned in your way of thinking. Always better than the other fellow. 5 Likes 1 Share |
Re: Now That Crude Is Gradually Becoming Worthless, What Next For Niger Delta? by mark3009(m): 6:46pm On Dec 30, 2015 |
babaolofin:And you call this intellectual contribution? SMH. |
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