₦airaland Forum

Gbawe:

That insecure9gerian guy is a shameless troll.

I hereby change insecure9gerian's name to 'i neva chop'

tomakint: This is the 9th page and we are still counting, unfortunately you have not been able to refute sincerenigerian valid points, but your usual invalid rantings all along! No one is paying anybody, I wonder where those 'fairy-tales' are springing from.

Please remind me of the points?
I have posted a write up a seasoned petroleum Engineering Prof. on the real cost of producing oil. BTW, i also know these facts because i work in the industry. I also posted a CNN report of the proof that refutes GEJ's lies on electricity to Christian Amanpour of CNN. I travel to Nigeria often and i know what is on ground. Start with the MM airport, you can immediately conclude that this is a clueless Gov't.

Sincere 9gerian: I disagree with you. Those from the southwest who dislike Mr president are mostly ACN faithfuls. How many projects did OBJ execute in the southwest during his 8yr regime?

Anyway, the truth is that I dont have the pictures now. Its not as if I have all the pictures, I upload pictures as I find them. What I have is the information. I'm sure you know I dont work in the ministry of information nor any of the federal ministries. However, between now and Sunday when I hope to post the last set of pictures, projects in southwest should show.

Didn't you guys get training from Okupe/Maku/Abati, the chief spin doctors before getting this 'i neva chop' job?
See, don't turn it to some regional/tribal internet war. Nobody is doing some comparison of achievements btwn OBJ and GEJ, as far as i'm concerned they are just six and a half dozen.
The crux of the matter is that GEJ is a failure, he has done nothing other than to enshrine corruption, but you and the other paid hungry agents wants us to believe otherwise.

tomakint: ....and what are the geographical and population sizes of those countries you mentioned if I may ask you are missing a vital point which is; Jonathan inherited a country in a state of disrepair for over 30 years and all you can do is to start comparing Nigeria with countries the sizes of states in Nigeria? Try something else Jona is workin

...And do those small countries have as much resources as we do? Nigeria is in the first 10 oil producing countries of the world yet we are in the first ten poverty stricken countries in the world. GEJ and his government reeks of CORRUPTION. I wonder how you guys convince your conscience to take this sycophancy job for peanuts. You ought to be ashamed of yourselves to say the least.

President Jonathan's CNN interview Electricity lie punctured.


https://www.youtube.com/watch?v=vGNIUNtCF48
Amanpour is a professional journalist, not brown envelope ones, you can't lie and get away with it.

President Jonathan's CNN Electricity lie punctured


https://www.youtube.com/watch?v=vGNIUNtCF48

[quote author=Sunny_bobo]See what hate has turned you to. So because oil price is $113 per barrel, government gets $113 dollars for every barrel of crude mined? Have you subtracted the cost of production of a barrel of crude? Have you subtracted cost of sales? How many percent of the revenue so derived is due to the joint venture partners who operate the various mining leases? It is people like you that misinform the ill educated and ignorant ones.

In case you don't know, government only charges a percentage of the profit from sale of crude oil as tax from the oil companies operating in the upstream sector and the companies keep what is left.[/quote]OIL PRODUCTION COST ESTIMATE BY COUNTRY

July 28 (Reuters) - The cost of pumping a barrel of oil out
of the ground depends on a variety of factors, including the
size and accesibility of the field. Oil companies are often reluctant to give precise cost
information. The following provides estimates of the cost of running a
field for OPEC members and other individual countries, obtained
from traders and industry analysts. It also gives the International Energy Agency's more general
assessment of costs for the oil-producing regions of the world.
ESTIMATES BY COUNTRY Saudi Arabian crude is the cheapest in the world to extract
because of its location near the surface of the desert and the
size of the fields, which allow economies of scale. The operating cost (stripping out capital expenditure) of
extracting a barrel in Saudi Arabia has been estimated to be
around $1-$2, and the total cost (including capital expenditure)
$4-$6 a barrel.
Extraction of Iraqi oil is in theory also very cheap,
although there are political and security challenges. Industry analysts estimated total costs at between $4-6,
although they said some fields could be more expensive.
In the United Arab Emirates, operating and capital costs
combined were estimated to be around $7 a barrel.
Oil extraction from mature and deep water offshore fields is
much more expensive than from the accessible hydrocarbon
territory of the Gulf.

In Nigeria, production in ultra-deep water fields can reach
$30 a barrel compared with onshore costs of around $15,
according to analysts.
In offshore Angola, it costs around $40 to produce one
barrel of oil (operating and capital costs), traders told
Reuters.
Operating and capital costs in Algeria, Iran, Libya, Oman
and Qatar were all estimated to be around $10-15 a barrel.
In Kazakhstan, where reserves are big and largely
unexploited, the cost to produce a barrel for medium-sized
producers, such as Kazakh state oil company KazMunaiGas [KMG.UL]
is around $15-18, and for Kazakhstan's largest operator
Tengizchevroil, it is about $10-12, the Kazakh-British Chamber
of Commerce said. Analysts said these were operating costs, probably including
transport, as it is expensive to move the oil to distant ports.
In Venezuela, where fields tend to be mature and small and
it is difficult to make new discoveries, production costs were
generally estimated at $20 a barrel (operating and capital
costs). Those figures do not include the more expensive Orinoco oil
from the country's sand deposits. One analyst said the extraction of one barrel of Orinoco was
around $30 (operating and capital costs).
Ecuador, where fields are also small and the distance to
ports add to costs, analysts pegged extraction costs at $20 a
barrel.
In the mature British North Sea, where the remaining oil is
difficult to access, the industry body Oil & Gas UK said the
break-even cost was around $50 a barrel. One analyst said
operating and capital costs were $30-40 a barrel.
The International Energy Agency (IEA) -- in its latest
November 2008 world energy outlook -- gave the following
estimates for the all-in costs of producing oil from various
types of hydrocarbons in different parts of the world:
Oilfields Estimated Production
/source Costs ($ 2008)
Mideast/N.Africa oilfields 6 - 28
Other conventional oilfields 6 - 39
CO2 enhanced oil recovery 30 - 80
Deep/ultra-deep-water oilfields 32 - 65
Enhanced oil recovery 32 - 82
Arctic oilfields 32 - 100
Heavy oil/bitumen 32 - 68
Oil shales 52 - 113
Gas to liquids 38 - 113
Coal to liquids 60 - 113

Source: International Energy Agency World Energy Outlook 2008

(Compiled by Martina Fuchs, Christopher Johnson, Karen Norton,
Joe Brock and Barbara Lewis, Editing by James Jukwey)

http://www.reuters.com/article/2009/07/28/oil-cost-factbox-idUSLS12407420090728

CAF really wanted Ghana to win this match....why was that 2nd goal disallow?....and there was no reason for that red card. Africa with injustice.
SE should play BF as if they are playing Manchester United...otherwise!!!!!

[b]
The Real Cost Of Nigeria Petrol- By Dr. Izielen Agbon

On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt , you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $1/N157 and 4 litres per gallon. This is the official price. The government claims that this price would have been subsidized at N73/litre and that the true price of a litre of petrol in Port Harcourt is N138/litre or $3.52 per gallon.

They are therefore determined to remove their subsidy and sell the gallon at $3.52. But, On December 10, 2011, if you stopped at the Mobil Gas station on E83rd St and Flatlands Avenue in Brooklyn, New York, USA, you would be a able to buy a gallon of petrol for $3.52/gallon. Both gallons of petrol would have been refined from Nigerian crude oil. The only difference would be that the gallon in New York was refined in a US North East refinery from Nigerian crude exported from the Qua Iboe Crude Terminal in Nigeria while the Port Harcourt gallon was either refined in Port Harcourt or imported. The idea that a gallon of petrol from Nigerian crude oil cost the same in New York as in Port Harcourt runs against basic economic logic. Hence, Nigerians suspect that there is something irrational and fishy about such pricing. What they would like to know is the exact cost of 1 litre of petrol in Nigeria .

We will answer this question in the simplest economic terms despite the attempts of the Nigerian government to muddle up the issue. What is the true cost of a litre of petrol in Nigeria ? The Nigerian government has earmarked 445000 barrel per day throughput for meeting domestic refinery products demands. These volumes are not for export. They are public goods reserved for internal consumption. We will limit our analysis to this volume of crude oil. At the refinery gate in Port Harcourt, the cost of a barrel of Qua Iboe crude oil is made up of the finding /development cost ($3.5/bbl) and a production/storage /transportation cost of $1.50 per barrel.

Thus, at $5 per barrel, we can get Nigerian Qua Iboe crude to the refining gates at Port Harcourt and Warri. One barrel is 42 gallons or 168 litres. The price of 1 barrel of petrol at the Depot gate is the sum of the cost of crude oil, the refining cost and the pipeline transportation cost. Refining costs are at $12.6 per barrel and pipeline distribution cost are $1.50 per barrel. The Distribution Margins (Retailers, Transporters, Dealers, Bridging Funds, Administrative charges etc) are N15.49/litre or $16.58 per barrel. The true cost of 1 litre of petrol at the Mobil filling station in Port Harcourt or anywhere else in Nigeria is therefore ($5 +$12.6+$1.5+$16.6) or $35.7 per barrel . This is equal to N33.36 per litre compared to the official price of N65 per litre. Prof. Tam David West is right. There is no petrol subsidy in Nigeria . Rather the current official prices are too high. Let us continue with some basic energy economics.

The government claims we are currently operating our refineries at 38.2% efficiency. When we refine a barrel of crude oil, we get more than just petrol. If we refine 1 barrel (42 gallons) of crude oil, we will get 45 gallons of petroleum products. The 45 gallons of petroleum products consist of 4 gallons of LPG, 19.5 gallons of Gasoline, 10 gallons of Diesel, 4 gallons of Jet Fuel/Kerosene, 2.5 gallons of Fuel Oil and 5 gallons of Bottoms. Thus, at 38.2% of refining capacity, we have about 170000 bbls of throughput refined for about 13.26 million litres of petrol, 6.8 million litres of diesel and 2.72 million litres of kerosene/jet fuel.

This is not enough to meet internal national demand. So, we send the remaining of our non-export crude oil volume (275000 barrels per day) to be refined abroad and import the petroleum product back into the country. We will just pay for shipping and refining. The Nigerian government exchanges the 275000 barrels per day with commodity traders (90000 barrels per day to Duke Oil, 60000 barrels per day to Trafigura (Puma Energy), 60000 barrels per day to Societe Ivoirienne de Raffinage (SIR) in Abidjan, Ivory Coast and 65000 barrels per days to unknown sources) in a swap deal. The landing cost of a litre of petrol is N123.32 and the distribution margins are N15.49 according to the government. The cost of a litre is therefore (N123.32+N15.49) or N138.81 . This is equivalent to $3.54 per gallon or $148.54 per barrel. In technical terms, one barrel of Nigerian crude oil has a volume yield of 6.6% of AGO, 20.7% of Gasoline, 9.5% of Kerosene/Jet fuel, 30.6% of Diesel, 32.6% of Fuel oil / Bottoms when it is refined.

Using a netback calculation method, we can easily calculate the true cost of a litre of imported petrol from swapped oil. The gross product revenue of a refined barrel of crude oil is the sum of the volume of each refined product multiplied by its price. Domestic prices are $174.48/barrel for AGO, $69.55/barrel for Gasoline (PMS or petrol), $172.22/barrel for Diesel Oil, $53.5/barrel for Kerosene and $129.68/barrel for Fuel Oil. Let us substitute the government imported PMS price of $148.54 per barrel for the domestic price of petrol/gasoline. Our gross product revenue per swapped barrel would be (174.48*0.066 +148.54*0.207+172.22*0.306+ 53.5*0.095+129.68*0.326) or $142.32 per barrel. We have to remove the international cost of a barrel of Nigerian crude oil ($107 per barrel) from this to get the net cost of imported swapped petroleum products to Nigerian consumers. The net cost of swapped petroleum products would therefore be $142.32 -$107 or $35.32 per barrel of swapped crude oil. This comes out to be a net of $36.86 per barrel of petrol or N34.45 per litre.

This is the true cost of a litre of imported swapped petrol and not the landing cost of N138 per litre claimed by the government. The pro-subsidy Nigerian government pretends the price of swapped crude oil is $0 per barrel (N0 per litre) while the resulting petroleum products is $148.54 per barrel (N138 per litre). The government therefore argues that the “subsidy” is N138.81-N65 or N73.81 per litre. But, if landing cost of the petroleum products is at international price ($148.54 per barrel), then the take-off price of the swapped crude oil should be at international price ($107 per barrel). This is basic economic logic outside the ideological prisms of the World Bank. The traders/petroleum products importers and the Nigerian government are charging Nigerians for the crude oil while they are getting it free.

So let us conclude this basic economic exercise. If the true price of 38.2% of our petrol supply from our local refinery is N33.36/litre and the remaining 61.8% has a true price of N34.45 per litre, then the average true price is (0.382*33.36+0.618*34.45) or N34.03 per litre. The official price is N65 per litre and the true price with government figures is about N34 per litre (even with our moribund refineries).

There is therefore no petrol subsidy. Rather, there is a high sales tax of 91.2% at current prices of N65 per litre. The labor leaders meeting the President should go with their economists. They should send economists and political scientists as representatives to the Senate Committee investigating the petroleum subsidy issue. There are many expert economists and political scientists in ASUU who will gladly represent the view of the majority. The labor leaders should not let anyone get away with the economic fallacy that the swapped oil is free while its refined products must be sold at international prices in the Nigerian domestic market.

The government should explain at what price the swapped crude oil was sold and where the money accruing from these sales have been kept. We have done this simple economic analysis of the Nigerian petroleum products market to show that there is no petrol subsidy what so ever. In the end, this debate on petrol subsidy and the attempt of the government to transfer wealth from the Nigerian masses to a petrol cabal will be decided in the streets. Nigerian workers, farmers, students, market women, youths, unemployed, NGO and civil society as a whole should prepare for a long harmattan season of protracted struggle. They should not just embark on 3 days strike/protests after which the government reduces the hiked petroleum prices by a few Nairas. They must embark upon in a sustainable struggle that will lead to fundamental changes. Let us remove our entire political subsidy from the government and end this petroleum products subsidy debate once and for all. It is time to bring the Arab Spring south.

Dr. Izielen Agbon was my professor at the Petroleum Engineering department of the prestigious University of Ibadan
[/b]

Orikinla: Where is BEAF?

My bad...that na commander -in - chief of Jona-sycophants!

Guys, e be like say the only available job for Naija now na "online jonathan warriors". I see new NL user names, now even more ferocious. How much is your conscience worth, how much are you paid to peddle obvious lie. Black and white ain't the same.

Another gooooooal!

As we relish this moment, i want us to reflect and imagine if we are this united on all discourse...Nigeria would have been a better place.

If he wins, his resume gets better and he becomes hot cake. Those NFF thieves are difficult to deal with. He should go for what is good for him, it's business. NFF sef don ready to sack am had he not taken the team beyond the group stages.

DonHummer: this is a big lie...even if it is true....y are som pple happy....is it not the same set of little crooks,looters,liars dat will still merge to form a bigger one...infact hav u seen any politician dat is faithful to any party,,once dey fuc.k him up,he changes party.which does nt in anyway change his personality....for me it doesnt change any faden...infact its dangereous....cos the more dey merge , the more money they will share....

Any better idea?

princenayo: U claimed to be a christian but I dont think u are because u must be aware of how christians were slaughtered like rams and churches burnt at a slightest provocation on irrelevant issues called blasphemy and a man like El_ Rufai cannot respect himself and be making jest of our LORD JESUS CHRIST and knwing fully well that if such thing were said about Prophet Mohammed by now lives would have been lost. And u open ur mouth to support El_Rufai. I dont think u are true muslim how much more a christian.

Guy, u get problem with English comprehension no be small if you think the retweet made fun of Jesus.

This is totally unbelievable! People are becoming stupider by day. Do you guys even think before typing?

Speculative diagnosis, dokita.

Chei, how motorpark touts go collect their money now? Fasho baba wicked o!

GEJ don break the record of OBJ, Abacha, Abdul-Salami, OBJ combined.

When did this rule change? i thought all preliminary round bookings does not extend to the eliminination rounds. But how come players and coaches don't know that? once again, our shoddy preparation and plan has come to haunt us.

tbaba1234: The wives of the Prophet (Sal Allaahu Alaiyhi wa Sallam) are the Mothers of the Believers, and the Prophet (Sal Allaahu Alaiyhi wa Sallam), is the noblest of people and the best example. And yet when we look at their example, we will realize that when the Prophet(Sal Allaahu Alaiyhi wa Sallam) married any of his wives, NOT ONE of them took his name. On the contrary, each one of them kept her father’s name even if her father was a kaafir. Similarly, the wives of the Sahaabah and those who came after them did not change their names. Did you ever think why they didn’t do that?

This has been the practice before holy prophet was born, which makes it an arabian culture. It is fine if you chose to follow it to emulate the rosul, but i don't agree that it's a sin to do otherwise.

tbaba1234: “Call them (adopted sons) by (the names of) their fathers, that is more just with Allaah…” [al-Ahzaab 33:5]

How does this apply to married woman changing names?

tbaba1234: “Whoever calls himself by other than his father’s name, will be cursed by Allaah, the angels and all the people.” (Ibn Maajah -Saheeh by al-Albaani)

What's the authenticity of this hadith? Give me a break, this is clearly a ghareeb (unreliable) hadith.

tbaba1234: Whoever knowingly claims to belong to anyone other than his father, Paradise will be denied him.” (Ahmad, al-Bukhaari, Muslim)

Once again, where does this infer name changing? and i need a more specific citation pls.

tbaba1234: Shaykh Bakr Abu Zayd said:*******,Sheikh Salih Al-Munajjid says:*******

Who are they? Have you met them? on what basis did they pronounce their fatwas? Please be wary of your sources.
My point is, don't present islam as difficult as it has already been perceived. Islam is very simple to practise, it is all these arab, persian, middle eastern shayks that pronounces fatwas based on long chain of Ghareeb hadiths that make things complicated. The fact that Islam was from these areas doesn't imply that whatever they say is valid. The fallout of their fatwas are the belligerent nature of most islamic youths from those areas.

Pak: We all believe our respective religions descended from God but reality makes us understand that the culture of the region where those religion originates from heavily influence it's practices.

The above is the honest truth. This issue for example shouldn't be made such a big deal, there is no clear verse in the quran that stipulates it. God created all of us, so He only owns us. And BTW we are all descendants of same Adam and Eve. If we want to go by this theory, we all should take Adam as our last name.
My advice is, uphold the islamic articles of faith and strive to accomplish the 5 pillars of islam. Be careful of all these fatwas by self made sheiks from so-called islamic country. I see that the source is islamqa.com, nothing against it but most of their fatwas are aligned towards the Sunnis belief, of which shiites will have a contrary opinion.
The basic rule of humanity that all religion agrees with is "Love your neighbor as yourself, eschew evil and espouse peace". Allah knows best.

Baring the comments by some childish, shallow minded, religious bigots, this is one of the most educative post i've read on NL.
Keep it up. I encourage this from our christian friends too.

specialguest: Not everyone who claims to be a pastor is one...

That's not a pastor,he's a rogue masking as a pastor. May God expose them one by one.

The Lord is indeed our sherperd,not a pastor....

Exactly......not everyone who claim to be muslim or fighting for islam is a muslim, but you guys will never accept that. Emir of Kano or Sultan of Sokoto or Boko Haram does not represent islam. How many imams from local mosques in your area have come to attack you?

I am a staunch believer in God the almighty but dam.n tired of fellow Nigerian hypocrisy with this prayer thing. Now, the trend in FB is pastors putting up prayer posts and asking people to type AMEN or click like. They have been declaring prayer and fasting for Nigeria's predicament for years but the truth is, if we don't change our ways the prayers are just a waste of time. Mark and co. will steal our collective money, plunder the country of her resources yet urge you to pray for miracle. If you like, Pray incessantly from today until Sunday for Eagles to win, i assure you, only the better prepared team will win the match. And BTW, the Ivorian worship God too, so you expect God to let the less prepared team win....God ain't a Nigerian that cheats at everything.

bunmila: The sad truth is that this whole covering crap has nothing to do with the women being placed on any pedestal but is just to ensure that the men (who probably have zero level of control)are not tempted in any way. That is why they try to ensure that their women appear in very drab and unattractive coverings. Even in really sunny places you can tell that the poor women are sweaing like pigs underneath the hijabs but cannot do anything about it because they have been mandated. Total crap

Your hypocrisy has no limit. Men will go to strip club to watch a nude woman dance but yet those women don't qualify as wife material. They stick to one wife, yet commit adultery. How many ladies in Hijab have come to complained to you? The truth is that some of you are ignorant and religion intolerant. You coin your model of Muslim from Boko Haram and co. It is common sense that BH and other exremists group does not represent islam but you guys choose to condemn islam because of their crimes. Look around you, how many Muslims have you lived and worked with? have they attacked you? when did this BH nonsense start? But for the inherent hatred of other beliefs, you fail to think outside the box. There are as much bad people that claim to be christians as there are in Islam.

Lots of religious bigots here. They become so agitated and irritated whenever Islam is mentioned. What is wrong with you adolescents?

Sloppy EFCC, with good lawyers these guys will walk. What's the evidence? person no fit get multiple computers and phones? i bet EFCC men are not smart enough to search the hard drives for damning evidence. confessions? that is made under duress, i'll guess they don't have legal rep. present, no court will accept that as an evidence.
As much as i condemn what these guys are trying to do, i think the Govt' should get them jobs rather than lock them up in jail. It's the police that will make money off this, i bet you most of them will bribe themselves out.

Post a picture of yourself that is better than this...y'all are just a bunch of childish haters!

Seriously, GEJ's face scares me...he needs to learn how to smile in pictures.