₦airaland Forum

Ojuntana:
Zombies are always quick to look for bad examples when the failure of their god is highlighted
What do you say of Saudi and the UAE where the war is really happening and petrol price has not moved an inch?
Even the US you are talking of, petrol price moved by just 30 cents, while Nigeria moved by N400.
Same in China, petrol price has remained relatively stable and hardly moved
You guys are always ready to defend failure as long as the man highlighting the failure is Obi and the man failing is your political god
This is shameful to say the least
Releasing strategic crude reserve is to cushion oil price. There is strategic petroleum reserve which is the over 400m barrels you referenced and then there is the strategic commercial inventory which is over 500m reserves. So cumulatively, the US alone has almost 1 billion in petroleum reserve. China actually has 1.5bn reserve while India having 250m and Russia about 124m
So you see, apart from failing countries like Nigeria, every serious country have reserves.
Writing in bold fonts does not make whatever you're writing sound smarter!

AMI3:
What stops Nigeria from refining their oil?
Even lithium that we at our backyard are still taking out and process it and sold it back to us.
To my best of knowledge this country is bless. How can we be importing fuel? Just tell me one reason we should import fuel?

Jomonix:
What Obi is saying is that we should store petroleum products strategically so during period of scarcity the stored products can be released. This way the price fluctuation can be better managed. I see nothing wrong in that. He is saying the truth. Let us learn to accept the truth because it is constant no matter who is saying it.

Obi concluded his statement with a call for structural reforms, saying, “The old maxim remains true: when a country fails to plan, it has already planned to fail,” emphasising the need for long-term planning to insulate the country from global shocks and protect the economy from sudden price hikes.

EponObi:
The oil or petroleum product that is a major source of revenue in this nation is what you want to store so much that will cushion the effect of this war?

How many barrels or liters you wan reserve?

How many days will it last?

Shey na from our low output na him we wan dey reserve?

If we reserve, the government release it into the supply chain, no be the same price the FG go sell to Dangote? Abi you are talking of subsidy?

With regards what the GCC and US are doing with their SPR; daily crude supply globally is 100m barrels per day. With the situation at the strait of Hormoz, 20m is cut out. The GCC and US plan to release 400m barrels from their SPR to support global supply; that will meet demand and crash price. But that can only helpul for 20 days alone. Just 20 days.

So what then can Nigeria viably do with her "reserve" to cushion this price hike?

BTW, there's no scarcity in Nigeria. Dangote is steadily meeting our demand. Just that global oil price has increased.

There's no where on earth where strategic reserve is a solution to price hike caused by global conflict long term; it's always a short term solution. During the Iraqi war, the supply crunch (about 1m barrels per day was out) wasn't even terrible like this one and price hiked like crazy for a long time.

maasoap:
We know that's a lie. He could have been in USA and nothing would touch him.
He hasn't been seen since Iran struck his underground command centre with hypersonic missile

maasoap:
Please, where is Netanyahu? This is the question everyone has been asking all over the places.

franchasofficia:
When a hunting dog wants to get lost, it no longer listens or hears the hunter's whistle



When the gods wants to destroy a man, they first make him mad

Omowale2023:
Sir. The reason why the senators are agitated is because they thought things will be the same as of Venezuela, but reality said otherwise, however, USA and Israel are highly prepared for this scenario, Israel & USA won't go tho War if they haven't thought of a way to win it from the beginning, we are watching a seasonal film, we have watched season 1, we are waiting for the release of season 2

Omowale2023:
I don't work in the PENTAGON, hence I have no idea about the schedule, but I can guarantee 100% that they are on course.

Pastorsarynzay:
Okay we shall see, Israel has vow to end iran with amaada doctrine n.a. you go wail

marv1:
But have you forgotten that the IRRG was imposed on the people 47 years ago and lots of their political structures were chaged. And Iranians are happy and supported Trump for coming to their rescue. How can a government kill and maim people for not wearing hijab and some other minor things.

Igbophobia:
Strait of Hormuz threat is a piece of cake because as soon as Iranian missiles are depleted it'll naturally br safe for merchant ships. And Iranian missiles threat depletion is a matter of days.

America must get those fissile materials. It's also a matter of when not if. You don't seem to get it. Iranian strategy of using missile to threaten merchant ships lasts as long as they still have the capability to fire them. A country that has lost command of its airspace is a sitting duck. One by one all its missile depot and launchers will be decimated.

Iran can only hurt American or Israel if they occupy their country with troops on the ground and they can only do it through assymetric warfare.

The movie just started. What resistance does Iran have debar random firing of missiles?

ono:
You write like you are an Iranian military or intelligence staff. Can you back any of your claims - esepcially about Iran having the capability to build missiles than can reach further than 2000 km for all to see here? So much kicking the air with no substance!

See oil price chart lately - for a nice demo on writing with facts, Oil prices are going down!

Willie2015:
Most of you write with emotions....
China that has been a one party state since 1949....
That's 77 years...
is the one u want to topple the US....
U must be joking

fineboynl:
watch and see. If they are strong why cant they fight their opponents instead of blocking strait and attacking neighbors?

tnerro1:
Before you bet, name one country that throwing bombs from the air has brought regime change without boots on the ground?

Omowale2023:
How na, you think USA is Nigeria that does things without proper planning?
Please, stop deceiving yourself. They are ahead of schedule, they have a plan, and they are executing it with wonderful precision, so all these things you are saying are NOISE to the ears. Were you aware when they kidnapped the President of Venezuela?
Where you aware when they dealt with the Iran supreme leader? So everything is going according to plan. The same senators are complaining about IRAN, but they didn't complain when Trump captured Venezuela's president in 2 hours or less and recovered all the money spent for the capture in less than 2 months.

Pastorsarynzay:
America has achieved 80% of why she embark on iran war the 20% is for diplomatic agreement. Nuclear power gone, supreme leader gone democratic influencers activated

sweetjohn:
There will be regime change before the next 30 days. Do you want to bet?

Gotocourt:
This could be a false flag from Trump to make the new ayatollah relax before...boom!

You too Sabi

badoh:
US senators are against the war but some uninformed ones in Nigeria are cheering Trump not knowing it will also affect them indirectly. The hike in fuel prices is already hitting them badly and to them na Tinubu cause am. Even US citizens are not comfortable with the war but na Nigerians weh never travel out deh rejoice over the war, continue your eyes go soon clear.

fineboynl:
Iran as a country need to be break into several countries

Igbophobia:
I heard Trump plans a commando raid like Venezuela to grab Iran's fissile materials. Without regime change, Israel would continue eliminating their scientists after taking all their fissile materials. And America would have to go back every 30 years so I don't see how regime change won't be on the table

This could be a false flag from Trump to make the new ayatollah relax before...boom!

Kushites:
They're all naive youths.

They're cheering for US and Israel invading Iran.

They didn't care that we said Iran would block the Strait of Hormuz if that illegal invasion happened.

They should enjoy the high fuel prices CAUSED BY THE INVASION THEY SUPPORT.

FAFO.

Mccullum:
Just like how they brought Taliban down..🤣

Blackdisciple:
Nigeria ain't Russia...
How much is fuel and LNG now, and how much was it before the war started?