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Politics / Re: Celebrating Pipeline Bombing/killing Of Security Personalz by Igbiboi: 8:33pm On May 20, 2016 |
[s] blackpanda:[/s] All is trash! 4 Likes 1 Share |
Politics / Re: MUST READ: President Muhamadu Buhari Finally Speaks... by Igbiboi: 8:13pm On May 20, 2016 |
I'm coming |
Politics / Re: Confusion Trails Arrest Of N’delta Militants By Military by Igbiboi: 7:02am On May 17, 2016 |
I know the Nigerian military was lying since... 104 Likes 8 Shares |
Foreign Affairs / Re: Rs-28 Sarmat – Formidable Weapon To Counter Us Pgs And Bmd Plans by Igbiboi: 5:40am On May 17, 2016 |
America don buy market 3 Likes 2 Shares |
Foreign Affairs / Re: Compare - Obama & Putin Arrive In Antalya For G20 Summit. by Igbiboi: 12:44am On May 17, 2016 |
Zohariel, I can see you're good in Russia science. I noticed whenever Putin wants to enter a car he removes his jacket why is this so? Also, I've observed that Russians prefer to call him Vladimir vladimorivich instead of mr President, again why is this so. BTW thanks for the video and your sense of humor is out of this world. 4 Likes 3 Shares |
Politics / Re: Forget The Saudi's Nigeria Is The Big Oil Worry - Bloomberg. by Igbiboi: 5:26am On May 16, 2016 |
jerseyboy: My man I dey tells you. De something they sweet my belle so, I hope NDA will draw consolation that they are being seen by the civilized world as freedom fighter, and as such must not relent in their activties against the Nigerian state. 3 Likes |
Politics / Re: Forget The Saudi's Nigeria Is The Big Oil Worry - Bloomberg. by Igbiboi: 5:24am On May 16, 2016 |
[s] worksmart:[/s] Trash. 1 Like |
Politics / Re: IPOB Thanks Buhari For A Job Well Done by Igbiboi: 5:18am On May 16, 2016 |
11 Likes 2 Shares |
Politics / Re: Forget The Saudi's Nigeria Is The Big Oil Worry - Bloomberg. by Igbiboi: 11:07pm On May 15, 2016 |
Cc. Lalasticlala, mynd44, I hope you are still awake. |
Politics / Re: Forget The Saudi's Nigeria Is The Big Oil Worry - Bloomberg. by Igbiboi: 11:02pm On May 15, 2016 |
This is just the beginning. 1 Like |
Politics / Forget The Saudi's Nigeria Is The Big Oil Worry - Bloomberg. by Igbiboi: 11:00pm On May 15, 2016 |
ENI SPA+0.05 ON CLOSING, MAY 13 13.57EUR ROYAL DUTCH SHELL PLC-A SHS+2.00 ON CLOSING, MAY 13 1726.00GBp Drag your attention away from the Middle East for a moment. While policymakers have been focused on Saudi Arabia's oil market machinations, what really matters right now is happening 3,000 miles away in the Niger River delta.The country that was, until recently, Africa's biggest crude producer is slipping back into chaos. A wave of attacks and accidents have hit infrastructure, taking Nigeria's output down to 20-year lows. Oil prices are responding, rising to their highest in more than six months. Part of this is explained by the International Energy Agency lifting demand estimates this week. But taking both things together, it's easy to doubt whether current oil surpluses are sustainable. With no solution in sight to the problems that beset the delta's creeks and mangrove swamps, production from onshore and shallow-water oil fields looks vulnerable. If the latest group of freedom fighters seeks to outdo its predecessors, then deepwater facilities may be at risk too.The Niger Delta Avengers have certainly been busy, forcing Shell's Forcados terminal to shut in about 250,000 barrels of daily exports; and breaching an offshore Chevron facility in the 160,000 barrels per day Escravos system. In April, ENI had to declare force majeure -- letting it stop shipments without breaching contracts -- on exports of its Brass River grade after a pipeline fire. It's hard to see any long-term let-up given Nigeria's record on fixing this problem. The previous wave of discontent, which hit a peak in 2009, only came to an end when President Yar'Adua offered amnesty, training programs and monthly cash payments to nearly 30,000 militants, at a yearly cost of about $500 million. Some leaders of the Movement for the Emancipation of the Niger Delta (MEND), the militant group, got lucrative security contracts. But the failure to properly address local grievances means it was only a matter of time before another wave of angry young men took up the fight for a better deal for southern Nigeria. The crisis has been hastened by new president Muhammadu Buhari's termination of the ex-militants' security contracts and his seeking the arrest of former MEND leaders. The Avengers now say they want independence for the Niger Delta. And it's not as if Nigeria's oil woes are limited to the militants. Exxon had to declare force majeure on Qua Iboe exports after a drilling platform ran aground and ruptured a pipeline, while Shell did similar with Bonny Light exports after a leak from a pipeline feeding the terminal. Nigeria's Export Streams Four of the five largest streams are partly or totally suspended In its latest report, the IEA assessed the world's need for OPEC crude this quarter at 31.9 million barrels a day, with Nigeria contributing 1.62 million to the group's 32.76 million output in April. Petromatrix, an oil research group, believes Nigerian production may now be little more than 1 million barrels per day. It won't take much more disruption to tip the global oil balance from surplus to deficit.This column does not necessarily reflect the opinion of Bloomberg LP and its owners. To contact the author of this story: Julian Lee in London at jlee1627@bloomberg.net http://www.bloomberg.com/gadfly/articles/2016-05-15/nigeria-s-a-bigger-worry-for-oil-than-saudi-arabia?. |
Politics / Re: You Bomb Your Oil, I Keep My Tomatoes by Igbiboi: 10:06pm On May 15, 2016 |
freeze001: [size=21pt]EXCELLENT![/size] 1 Like |
Politics / Re: You Bomb Your Oil, I Keep My Tomatoes by Igbiboi: 8:41pm On May 15, 2016 |
@OP, We don't need any fuc.king tomatoes in SE/SS. We've a good and delicious soup called ofe akwu and it can be prepared without tomatoes. We must continue disgracing and frustrating this govt and no amount of blackmail can stop us. You can shove your tomatoes deep into your sorry ass! 1 Like |
Politics / Re: You Bomb Your Oil, I Keep My Tomatoes by Igbiboi: 8:37pm On May 15, 2016 |
KanoAbiaBabe: We don't need any divine intervention. Buhari must feel the frustration he made JoNathan go through. We must give him a bigger share of frustration, so that in his next world he will know that Karma is real. 3 Likes |
Politics / Re: You Bomb Your Oil, I Keep My Tomatoes by Igbiboi: 8:34pm On May 15, 2016 |
KanoAbiaBabe: I love you. I hope you didn't teach those sons of Jezebel how to cook the soup. Leave them to die of hunger! 3 Likes |
Politics / Re: UK Warn Buhari:Using Military Confrontation In Niger Delta Could End In disaster by Igbiboi: 8:27pm On May 15, 2016 |
[s] TedBaker:[/s] Trash! Buhari de dullard of daura deserves more than that. 2 Likes |
Politics / Re: Today, I Want To Take Time N Thank God For Making Buhari D President Of This Cou by Igbiboi: 3:06pm On May 15, 2016 |
[s] mikolo80: [/s] Trash! From a wasted pupil! 3 Likes |
Politics / Re: Avengers....making This Administration Ungovernable. ... by Igbiboi: 3:00pm On May 15, 2016 |
Decibel: Don't you know where he's coming from? Need you to be remembered about people who run when nothing is pursuing them. Forget those brownies, Always going to un-invited parties... 1 Like |
Politics / Re: Militant Attacks: Address Niger- Delta Grievances, UK Tells Buhari by Igbiboi: 2:56pm On May 15, 2016 |
Noooooh, bushari must not negotiate with the avengers, they are terrorist and must be crushed. This is what goes on in the mind of zombies. But honestly, I will not want buhari to negotitiate with these guys, I wish he goes out on a military offensive, and escalate the situation. I want buhari to be bugged down in a problem that will consume him, and I don't want NDA to stop bursting the pipelines. So whatever will stoke this fire is what I wish and pray for. So my dear dullardic presidiot continue your military onslaught against the Avengers. 2 Likes |
Politics / Re: Avengers....making This Administration Ungovernable. ... by Igbiboi: 2:51pm On May 15, 2016 |
[s] mikolo80:[/s] Trash! Worry about the mole you come from. 6 Likes 1 Share |
Foreign Affairs / Re: Russia To Develop Trains With Nuclear Missiles by Igbiboi: 11:57pm On May 14, 2016 |
NaijaTalkTown: Bro, please can you explain the bolded? How do you mean secret underground tunnels, are they going to dig tunnel into another country and pass the tunnel into another country? Please explain. |
Politics / Re: We Will Deal With Niger Delta Avengers Eventually - Buhari by Igbiboi: 2:28pm On May 14, 2016 |
Nonsense! 18 Likes 3 Shares |
Politics / Re: The Enemies Within.....Looters, Saboteurs & Terrorists!! by Igbiboi: 4:39am On May 14, 2016 |
Nonsense article. 5 Likes 1 Share |
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