₦airaland Forum

Let's hope the consistently inconsistent Arsenal would take advantage of the current Chelsea problems . . .

An opportunity for Arsenal to take advantage and close up the gap between us and Chelsea before the end of the Nations Cup . . . . . . and even after the nations cup cus drogba and co would be tired by the time they get back from the nations cup.

rasputinn:
Parcel Bomb Rocks Lagos Media House

But for providence yesterday, some staff of Superscreen Television, in Lagos, were almost given the dastardly “Dele Giwa Treatment”. Unknown persons sent bombs carefully wrapped inside gift items to an undisclosed top management staff of the television station but one of the bombs exploded before the ‘messenger of death” got to the office.

The unidentified young man bearing the destructive message, however, fell victim of the evil act. The bomb exploded as he was trying to locate the exact office of the private television outfit, in the process cutting off his two hands. Superscreen Television is located on the ninth floor of Brown’s House located on No 151 Ikorodu Road, Onipanu Bus Stop, Lagos.

The station is believed to be owned by the President of Believers Loveworld aka Christ Embassy, Pastor Chris Oyakhilome. Former Newswatch Editor-in-Chief, Giwa, was killed via a parcel bomb delivered to his Ikeja, Lagos residence on October 19, 1986. Twenty-three years after, Giwa’s death remains a misery as those behind the dastardly act have not been brought to book.

THISDAY learnt yesterday’s incident, which occurred at about 11.30 am, shook the entire 10-storey building into pandemonium as everybody around had to scamper for safety. It was gathered that the unidentified young man bearing the destructive gift item was having a conversation on his mobile telephone probably with those who sent him as he was approaching the second floor of the building through the staircase when one of the bombs was said to have exploded on his face.

The man was thrown off balance by the impact of the explosion. Eyewitnesses said he was also carrying a polythene bag containing three unexploded bombs, which also fell off his hands. Policemen attached to Ilupeju Police Station, Onipanu and their counterparts from the Rapid Response Squad raced to the venue of the blast following a distressed call from the area. THISDAY learnt that policemen have, however whisked away the unidentified man for questioning over the development.

But he was said to have been taken first to a hospital in the neighborhood for treatment. Meanwhile, the Public Relations Officer of the Lagos State Police Command, Mr. Frank Mba, has declared the building safe after staff of the Bomb Disposal Unit of the Nigerian Police had visited the building and detonated the remaining three unexploded bombs. He told journalists that the situation had been put under control by officers and men of the Nigeria Police.


http://www.thisdayonline.com/nview.php?id=162621

- what was the impact of the bombs on the building.

- where did they dispose of the bombs.

- Are they building inspectors or how come they were able to declare the building safe when a bomb was supposed to have gone off there.

- Am not suprised that some people are still determined to kill people in this day and age.

[size=18pt]Offer to ask Arsene Wenger a question just closed a few minutes ago . . . . . . . . . better luck next time .[/size]

This is an opportunity to ask Arsene Wenger any question . . . hurry while the offer lasts .  . .

http://www.arsenal.com/freewengerwebchat


[size=18pt]All the Arsenal Haters . . . this is an opportunity to ask a question you want from Arsene Wenger . . . [/size]

tkb417:
i hope these guys dont expect UTD to win the league 20 times in a row

i tot 20 teams were competing for the trophy?

pathetic rival clubs

. . . . Arsenal is always the team . . . class and less gbese to service.

[quote author=mr_oluway link=topic=245502.msg5164261#msg5164261 date=1261482422]as a new customer of intercontinental bank. i just notice last week about the 50naira they charge from my account after withdraw from intercontinental bank ATM machine. meanwhile i opened with them because they are very close to my house and not knowing that I'm close to Destruction cos who knows there next plan.[/quote]Is that not an extremen way to describe it . . . .

[quote author=paddy_lo link=topic=369457.msg5164091#msg5164091 date=1261480987]even in a joint venture it probably has the rights to sell. . .
perhaps it does have a clause of right to first refusal with n.n.pc

anyway i dont think n.n.p.c has $5billion to buy the assets unless the govt comes to its aid[/quote]- Off course it has the rights to sell hence I am not really bothered about their rights to sell.

- I am more concerned about Nigeria as a country and less bothered about Shell . . .

- I simply want local companies to take over the block or asset that Shell seeks to sell . . . if it is determined that they are actually legally permited to sell those assets in the first place. . .

- My analysis given earlier shows my understanding that it helps Nigeria's economy in long run when local companies start investing in Oil and Gas . . . as Upstream Operators . . .

[quote author=paddy_lo link=topic=369457.msg5164044#msg5164044 date=1261480537]ehm not quite true. . .even though the brazilian govt has a stake in petrobras
it is still publicly traded and its shares can be bought on the New york stock exchange and the exchange in sao-paolo
its also run as a for profit corporation and pays dividends to its shareholders

Petrobras’s management and board of directors
Petrobras’ stock ownership is as follows: 32 percent is owned by the federal government, 40 percent by private owners, and the balance by Brazil’s National Bank of Social and Economic Development, the Social Labor Fund, and other minority shareholders.

State ownership stake, however, does not hinder Petrobras’s commercial management.

Petrobras is managed more as a commercial entity than a state company. Although it is controlled by the state, its behavior and business orientation is ruled under practical and sound commercial practices. A few basic tenets rule its behavior.

1. The state seeks to preserve the company’s independence because Petrobras’s efficiency allows the state profits and benefits.
2. Petrobras treats state and private interests governing the company more as convergent forces than divergent ones.
3. Petrobras is pragmatic, realistically regarding market conditions, changes in supply and demand, the competitive landscape, and technology breakthroughs. Those factors in turn determine E&P plans, refining projects, new fuels development,
http://www.energytribune.com/articles.cfm?aid=525

furthermore Petrobras is today valued at around $100bln.  . .i guess the PIB bill should be passed A.S.A.P and NNPC should be unshackled from the corruption that is deep within it[/quote]- Good point about Petrobras . . .

- Although in reality my response to @09999 was on the assumption that he was right cus personally i did not know much about Petrobras except that they were a Brazilian oil and gas company.

- I would correct and take back my "thank you" to @09999 as pertaining to Petrobras.

- My main mention of Petrobras was in a general sense, in that[i] if Petrobras a brazilian company could succeed as an Upstream Operator . . .then nothing stops Nigerian firms from doing the same.[/i]

follyg:
Above all, i doubt if they have the right to sell this oil fields as it is a JVC (Joint venture) with nigerian government.S

which raises the questions:

- Which asset are they intending to sell in the first place.

- Does shell have any majority ownership of any block in Nigeria or is it in joint ownership with Nigeria or Nigerians.

follyg:
Good riddance, Bad nonsense. Let them leave ASAP. Their home government keep on shouting "green Projects" while these companies are busy desecrating and spilling, even though its due to our laxity. After, how many years of exploration are they now threatening us or what. Local firms will take over and develop with time and even employ the so call expatriates and we will be better for it. [b]There are Oil companies owned by Nigerians based in Houston, Texas and its reputed as the biggest black corporation. [/b]If the WILL is there, impossiblity is nothing for NIGERIANS. Maybe if, we leave the oil for sometime, we will be more creative as our government seems to be to docile and short of revenue generating ideas. Many countries are surviving without crude oil. Above all, i doubt if they have the right to sell this oil fields as it is a JVC (Joint venture) with nigerian government.S

Can u expanciate more on the highlighted part . . .

[quote author=~Borat~ link=topic=319383.msg5163917#msg5163917 date=1261479489]Manure wont even see second place this season. . .[/quote]I am saying that at this rate . . . ManUTd would be lucky to get champions league place sef . . .

- There is no need to attempt to point that about Petrobras, simply because my basis of mentioning them has nothing to do with whether they are public or privately owned.

- The point I wanted to make is that Petrobras is[b] indigenous to Brazil[/b] . . .yet they are capable of competing with the Foreign operators . . .

- I did not mention NNPC cus in reality corruption in the public service would make NNPC useless to compete . . . with Shell and co . . .hence why the only sensible option to for now in Nigeria is to focus on the Private Indigenous companies and not the Public Indigenous companies.

- I have already said and agreed with you the risk involved in Oil and Gas . . . nevertheless the presence of risk is not enough to mean that Private Indigenous companies should not start having increasing stake in our Oil and Gas industry.

- Rome was not built in a day . . .

- Shell did not start taking such risks in one day, my hunch is that they also started small and gradually grew to the level of taking on big risk. Hence nothing stops Indigenous companies from adopting such techinque . . .moreover its not like I am asking for Indigenous companies to go to outher countries . . . we are still talking about just Nigeria and nothing more.

@edoyad

- Take it easy . . .don't go off on the guy.

- Take time to explain politely to them how it is good for Nigerian economy for Indigenous companies to grow and increase in the areas of the Upstream Oil and Gas sector.

- Most people do not realise that Globalcom for all their problem have actually helped Nigerians and Nigerian economy by virtue of the fact that their own company is Nigerian and hence does not really need to be involved in Capital flight.

- MTN is not Nigerian hence at the end of the day . . . MTN is in Nigeria to make money, they are not in Nigeria to make Nigeria better.

- If not for Globalcom, probability is that MTN would still have been fleecing Nigerians even as we speak.

Dentale:
I agree with you o9999. Waiting for the ignorant "Know it Alls" to answer your questions. Some of these folks are so oblivious. I know a well costs at least $15M to drill and I mean a simple vertical well. Which "Indigenous" company can drill several of these exploration wells (some of whicjh end up being dry wells) and wait for years to gain the returns (while being owed by the Federal Govt who cannot always meet their 60% investment quota)

- Very valid and genuine points . . . and i agree

- Yes you are correct with your points . . .and i agree


Nevertheless you also have to concede that the same points that you raised in relation to Nigeria and the problem and cost of prospecting for oil and gas is likewise true for other countries . . . ie. drilling or prospecting for oil is not a guarantee that it would be found nor is it a guarantee that what is found would be of commercial value. At the end of the day, its all about Cost Benefits . . .this same risk and cost is present in the Global Oil and Gas industry hence its not really just a Nigerian thing.

Notice that, same problem of drilling without success can also occur in foreign countries. . . yet that does not mean that those countries still do not enforce and impose strict regulations. Yet the same foreign oil companies still manage to declare profit despite the strict regulation and despite the cost and risk of exploration present in other oil countries. . .

Hence in terms of Nigeria, risk of exploration cannot be used as an excuse for giving foreign operators an opportunity to suck Nigeria dry . . . considering that there is less regulation in Nigeria, hence the cost savings obtained from having less regulation would more than make up and even increase their overall profit becus . . . paying less due to regulations implies that the overall operating cost in Nigeria compared to the west is also bound to be less.

In reality, the only main problem being faced by Foreign operators in Nigeria is the issue of Niger Delta unrest . . . apart from that, corruption and lack of proper regulation makes Nigeria a very profitable environment for foreign operators such as Shell.

By the way, I have not even mentioned the fact that Nigeria's crude oil is very good, hence meaning that it sells more on the internation market due to its reported low sulphur content.


----------------------------------------------------------------------------------------------------------------------


Once again, I concede and admit that the sheer financial muscle required by Oil and Gas prospecting is not yet full available in indigenous firms. . . nevertheless since Rome was not built in a day and also since Shell and co were not built in a day, then my conclusion remains that: having more indigenous Upstream Operators is not a bad idea . . . once it is established that Shell and co seek to want a deal that is not favourable to Nigeria as a whole.


Petrobras and Petronas are good examples of non-european oil and gas companies which are also bound to have started somewhere . . . its just mere neo-colonialistic to assume that Indigenous firms can never be as good as foreign firms . . .  yes it takes time, i agree, nevertheless that does not mean it can't work.

-------------------------------------------------------------------------------------------------------------------------

Lets analyse this thing:

- Small Indigenous company needs funds for Oil and Gas. . . they approach banks for funds.

- Banks realise they are two small to provide the funds alone . . . consequently, consolidation becomes a natural progression for those banks in order to be able to meet the financial demand of the oil and gas industry. . .

- Since this loan is obtained from within the Nigerian economy, this ultimately leads to improvement in the Nigerian banking system. . . because it means that big and stronger banks emerge to fund oil and gas operations.

- Bigger banks and More oil and gas projects means CBN becomes able to legally print more fiat money . . .to give to the newly emerge Bigger banks to lend to the now growing Indigenous operators. . . 

- Consequently what this means is that there is less capital flight from Nigeria as the money is simply circulating within the Nigerian economy instead of going offshore. . .

- At the end of the day, after deduction the losses from banks and failed drilling projects, you realise that the cummulative effect of having Upstream Indigenous Operators is that it means their is bound to be growth in that area of the Nigerian economy, which in turn makes the Indigenous companies stronger enough to take on even more bigger projects.

--------------------------------------------------------------------------------------------------------------------------


Ask yourself the simple question:

Question: WHY DO YOU THINK ANGOLA'S ECONOMY HAS IMPROVED TREMENDOUSLY ?

Answer: Because there is a boom in the Angola's Oil and Gas industry . . .


This means that if Nigeria finds a way to create a boom for the local Oil and Gas industry, logic dictates that this in turn should create a boom for the local economy while reducing capital flight from the country.

Despite that i am not a banker, I always knew something was wrong with the nigerian banking system, cus i was suprised to how come they were making money and opening branches when other areas of the Nigerian economy was not succeeding.

More exposure to the Global Warming Scam . . . geez you have to know that something is very rotten if the notoriously biased Faux News and sometimes false news peddling news station known as Fox News now becomes the one trying to defend science and present the truth. . . things are really bad for Global Warming if Fox News starts taking a higher moral ground on that issue . . .


I also wish it was some other station that tries to present the Global Warming Scam . . . Fox News has a bad reputation hence most people would not realise that they are telling the truth on this occassion simply becuase of their own bad reputation.

[size=15pt]
Please be warned in advance that Fox News is also inserting their own propganda here and there in the videos shown below. . . so please do not believe everything you hear in these videos.[/size]

[size=15pt]The main thing to take from this video is that: Science shows that Global Warming is a Fraud.[/size]



http://www.youtube.com/watch?v=lqi7fxERiqk&feature=player_embedded

[flash=400,350]http://www.youtube.com/watch/v/lqi7fxERiqk&feature=player_embedded[/flash]





http://www.youtube.com/watch?v=xnCLQIYNYgo&feature=player_embedded

[flash=400,350]http://www.youtube.com/watch/v/xnCLQIYNYgo&feature=player_embedded[/flash]





http://www.youtube.com/watch?v=UisVhZHouq4&feature=player_embedded#

[flash=400,350]http://www.youtube.com/watch/v/UisVhZHouq4&feature=player_embedded#[/flash]





http://www.youtube.com/watch?v=u1Pj6uWTgXM&feature=player_embedded

[flash=400,350]http://www.youtube.com/watch/v/u1Pj6uWTgXM&feature=player_embedded[/flash]





http://www.youtube.com/watch?v=GWYuZs6Idb8&feature=related

[flash=400,350]http://www.youtube.com/watch/v/GWYuZs6Idb8&feature=related[/flash]





http://www.youtube.com/watch?v=9BTS3K9DFy0&feature=player_embedded

[flash=400,350]http://www.youtube.com/watch/v/9BTS3K9DFy0&feature=player_embedded[/flash]

The Sly:
Minister debunks claim on sale of Shell[/b]http://www.tribune.com.ng/22122009/news/news10.html



Nigeria. . . .Sometimes one wonder what to believe.
One minute, The news says this. . . . .The next minute, Its something else.
I for one didnt believe that Shell would sell anything. . .[b]Nigeria is a gold mine for them.
A place where there is no tight regulation. . . . . . .They even know the exact music your government likes dancing to, Which is ''Bribe''
You think its that easy to sell off their assets just like that? Then where would they go? Iraq? is that easy??
Shell is going nowhere . . . .You lot better zip that into your stomach.

Exactly the reason why I was trying to people that Nigeria has more to gain if Shell leaves cus it means we can renegotiate the contract with someone else and have more profit and more environment restrictions against the new company.

The reality is that most oil companies in Nigeria are making money cus there is less regulations on them . . . the money they would have used ot satisfy the regulation is merely just turned into profit.

Those kinds of profit cannot be obtained in the West were regulations are a source of easy cash for the regulators. . . from any company that breaks those regulations.

The link provided by Debo shows that is a global downsizing hence its normal for them to probably want to sell off less profitable assets (i.e. less profitable to Shell) . . . but not necessarily less profitable to other companies.

jalether:
, Never underestimate the power of 3 Nil walloping, it can force a Ghanaian to type in Chinese

are you saying . . Sauron . , . . Osei Kuffour . . .kente Kunta . . . . . . hou zidonh yu . . .

I just checked the link provided by Debo . . .

Since it has to do more with restructing then it means that the Nigeria license renegotiation is bound to not affect it that much cus the bottom line is that they themselves are the ones doing the restructing hence the contract renegotiation within nigeria is just an addition constraint that they have to deal with. . .

Hence my guess is that they are certainly not pulling out of nigeria they are just shedding off old skin kinda . . . which invariably means that it leaves Nigeria in a strong position during the contract renegotiatino with Shell.

Lets hope our government takes advantage of that sha and lets hope they do not just collect bribe to do something shaddy.

oyb:
u do have a point - i shld have realized that their total assets in nigeria cannot be 5billion

how would u realise it wen r busy antagonising me

i wish the buyers all the best sha - i'm sure those assets they are selling off are radioactive - probably include all those pipelines mend keeps bombing.

don't count on that - just as in the banking sector - there's a lot of hype/flossing  in the local oil and gas industry that cannot be lived up to.

Good points . . .

debosky:
It is definitely tactical - Shell worldwide is undergoing DRASTIC restructuring - they've let go close to 10,000 people worldwide, forced another 15,000 to reapply for their jobs and are seeking to cut running costs by billions of dollars.

They have simply realised that holding on to sub-optimal assets that are either shut in or to expensive to produce cannot continue in the current environment.

I am certain it will be the dodgy assets to be sold - they won't sell Bonny Terminal after just refurbishing it massively, neither will they sell their shares in NLNG, or Soku gas plant which is the largest in Africa, nor Gbarain-Ubie gas project where they plan to spend $1.6 billion over it's lifespan.

I'm sure there is, but there are also some high quality local operators - Afren for one has impressed me massively with the structured approach to build up it's portfolio. Firms like Conoil are also quietly doing their thing while Oando's capability is increasing as well.  In the end, the quality of the buyers will determine what we can expect.

Sounds like you are an insider Debosky . . . how dey do am . . . are you working for shell in the uk or wetin or how come you have all this inside info . . .cus knowing the location, details and cost of a project has to be an inside job. . .

I guess those that are bound to have more job security are the operations guys that usually go to deep offshore kinda thingy . . . those ones have been invested in a lot hence more difficult to find . . .

most job loss are bound to come from mostly the administrative and onshore areas . . .just a guess 

@oyb

wats your xbox live gamertag . . .

jalether:
So much for vocabulary , jesus wept, BTW I don't give a f u c k if 8 defenders are out injured, I thought sauron once claimed man utd always have

a way of dealing with unforseeable risks/injuries, so what happened, does that also explain your lack of goal (s) against A.Villa and Fulham

you guys have been beyond pathetic and WILL NOT win the league this year, so put a sock on it

Lets hope they qualify for champions league at the rate at which they are going sef , . .

oyb:
^^^^

conspiracy troll

fortunately there are others whose lives don't revolve round conspiracy theories

oyb:
sad that the only thing that makes sense to you or that you can comprehend is posts containing the words 'new world order'



there is a lot of debate over whether global warming is man made, or a natural process

there are two parties with opposing views

the environmentalists are on one side of the ring
big business is on the other side

the environmentalists fervently believe the world is in danger - and will do anything in their bid to save the earth . tree huggers, attacking oil tankers -

ignoring/overlooking information that does not agree with their hypothesis  - people do that all the time i mean look at you claiming that hiv was invented by white men to suppress
the black race

its only a truly warped mind that can link organisations like greenpreace, who have been fighting the establishment from their inception, as part of a 'new world order'

as to your ridiculous claims of 'global warming fraud ' intended to hold back blacks

you may have missed it, but there is no industrial revolution taking place in africa. in most cases we are regressing. so any treaties make absolutely no difference to us because we are producing practically nothing.

the nations with the most to lose from any treaties /protocols are the emerging growing economies, china, india, brazil - not any african nation.

if they were screaming agenda , it would make sense

i understand that you hate the white man, and that you have a need to make up even more reasons to fuel your hatred.

once again what you are talking about . . . :

- Are you saying Global Warming is not a fraud

or

- Are you saying Global Warming is a fraud but you don't care cus of Asians . . .

or

- Are you saying you do not give a hoot about whether Global Warming is a fraud or not . . .


Please clarify so that I can even know how to respond to your statements . . .

oyb:
there is no way to debate with kooks

. . . and who is the kook

Oyb: let me break it down for you

for some people - protecting the environment etal is a religion. they have made it their life's work. they belive that the earth is in grave danger from man made activities. as with fanatics everywhere, they will ignore any information that goes against their beliefs. they will even suppress such information if they can, because they belive that they are right, and that the right information is just around the corner

all your blathering about a new world order   - the same oil companies you are making noise about are in the business of gas flaring which greenpeace etal claim contribute to global warming.

long before these mails came out , there was already a lot of controversy about global warming - state of fear by micheal Crichton addressed the exact issue - no one really knows if global warming is due to human activity or not - but the beleivers will attack anyone who contradicts such assertions as belonging to the establishement

three or so years ago a Norwegian scientist published a book that contradicted a lot of beliefs about global warming

if asians were making noise about 'global warming fraud' aimed at holding back china or india - you might be making some sort of sense. africa is too far behind to be of any concern


only paranoiacs looking for conspiracies everywhere will see a ''global world order" in everything they see on the news.

Sincerely speaking I am lost cus I am not even following what you are talking about . . . :

- Are you saying Global Warming is not a fraud

or

- Are you saying Global Warming is a fraud but you don't care cus of Asians . . .

or

- Are you saying you do not give a hoot about whether Global Warming is a fraud or not . . .


Please clarify so that I can even know how to respond to your statements  . . . 

oyb:
wrong again


conoil was created from national oil

esso petroleum - unipetrol - oando

I know . . . .uncle i just did not mention it . . .cus I was talking from the perspective of considering Oando and Conoil as Nigerian owned private entities . . . haba take it easy you do not have to oppose me in everything . . . cool down and try to check the whole context of the discussion before offering your rebuttals.

- ask yourself, what was the context in which i was refering to oando and conoil . . .yes you got it right : i was refering to them in the context of indigenous private companies.

odedele:
but sanusi says uba its healthy.sanusi should know dat d families of d sacked workers will never 4 give him

is there an evidence of this . . .

[quote author=Negro_Ntns link=topic=369457.msg5155970#msg5155970 date=1261382007]hmmm. . .  

I am shocked, given that the post was opened by Debo and judging by the credibilities of respondents, that no one has questioned the 'nature of the assets' they are offering to sell for $5B.  I am going to assume that it was an oversight and not an error of judgement.

let's begin by asking why Shell would sell 'assets' valued at $5B and what those assets could be?

in a recent post I mentioned that this hoolabaloo about global warming is nothing more than 'pocket warming' in reality. I don't know how many of you are aware that carbon credits was already being traded in mercantile exchanges around the globe, at least since 2008; long before Copenhagen summit.

About 2 or 3 years ago, even though it was illegal to flare gas, the Nigerian government under Obasanjo, offered to trade 'gas flares' as credits on the global market.

Prior to joining the Obama regime, Larry Summers, as  economic adviser to World Bank declared that Africa is 'under polluted'. What does this mean? It means that in exchange for monetary rewards, servings as statutory compensation for damages, Africa should open itself to receive the disposals of undesirable pollutant wastes from 'over polluted' industrialized nations. In other words, Western societies are unrepentant about their wasteful lifestyles and its effects on the eco system but rather people of under developed economies ought to step up and balance the gap since their environments is by far and to a large degree still in its natural 'virgin' state.

We saw this demonstrated in the speeches coming out of Copenhagen.

Here is how it works; say GE operates a coal mine in USA. GE has a carbon cap of 5 million cubic tons of emissions allowance per year and that value on the market equates to, say,  $50 million. That carbon cap becomes an asset worth $50 million. GE can offer to sell all or part of this asset. If GE produces more than 5 million tons of carbon emissions then it has exceeded its cap and will be penalized. The penalty is a heavy tax. It could either pay the tax or go shop on the market for additional carbon credits to buoy its cap.

What would be the case if GE was located in Africa? It would simply not have a carbon cap, or if it did. . .it would be set at very low ceiling, so that at all times and year round, . . .GE is always having to sell 'assets' on the market to bidding customers in industrialised nations, through global mercantile exchange markets.

In the case of Shell Petroleum of Nigeria, it is sitting on a pollution hotspot, much of which it helped to create in the Delta. It also has a contentious support of the Nigerian government in its failure to halt the flaring of gas, much to the shocking surprise that the Government indeed declared this atmospheric and ecological pollutant 'an asset' for carbon trading.

For those that often misjudge my posts as 'conspiracy theory, this is far from it. Right under our nose and our acute claim of intelligence, the Western world has reduced our quality of life to a commodity tradeable in the market. We give you dollars in exchange for the right to f*#k up your eco system.  

Here is my prediction. . .ultimately and in few years from now, marketers will launch bottled air. It will start in developed nations but it will eventually find its way to our continent and become  a vogue.

At all times, we must ask questions! Trust, but introspect!  [/quote]- Very good observation . . . about the topic . . . am embarrased to admit that I did not ask the poster what those assets really are. I just went for the jugular of Shell

- Yes most people do not realise that these New World Order people are basically gradually going towards the day and time when they would start taxing people for the air we are breathing . . .notice they have already started taxing companies for CO2 . . . based on a lie.

- What annoys me the most is that most scientists have shown that Global Warming is fraud . . .aimed to do 3 things:

1. Make money. . . through carbon trading as a new form of currency and also through fraudulent green concepts.
2. Facilitate one world government.
3. Hinder the development of Third world countries.

Yet to my suprise some Black Africans are still falling for the fraud . . . and are simply unable to understand that it is a fraud, even despite that it has been shown with scientific evidence that it is a fraud. . . and even despite that it has been shown through the email scandal that it is a fraud.

Prior to joining the Obama regime, Larry Summers, as  economic adviser to World Bank declared that Africa is 'under polluted'

Chineke . . . sooner or later now @oyb would accuse me of being racist . . .

- How can a non-racist person sit in his own country and continent and already be considering the option of polluting another country or continent . . .if that is not racist please tell what it is. it just goes to show that they have no regards for us what so ever . . .yet we have Arab-centric and Eurocentric individuals doing their best to propagate the propaganda.

For those who do not understand the higlighted statement:

Consider it like if someone in his Ibadan House sits up one day and just decides that the house of someone in lagos is under-polluted hence he suitable for pollution with more gabbage.

Do you know how insulting and debasing and pompous that statement really is. . .

oyb:
your little lecture is indeed little,

let me just say that i have been lectured by PROFESSIONALS in the industry about the issue of gas flaring, and as expected, you have deliberately or through ignorance, skipped the relevant facts  - the federal government has FIXED the price at which gas can be sold. this is why all of the companies - shell, mobil, chevron flare. it is simply not profitable to process the gas and sell at the imposed rates. do you think they are in business to make a loss?

@oyb

I do not dispute that fact that you are most probably well learned and highly qualified for your job . . . I apologise if my statement was insulting or if it implies otherwise.

2. Please realise that you are basically saying that same thing that I summarised under points 2 and points 3 with option 2 below . . .
3. Actually we are saying the same things.
4. Your statement is being specific about cost, my statement was an holistic statement covering the cost benefit of processing the gas . . .

Or are you so hell bent on opposing no2atheism that you do not see that you are actually saying and repeating the same thing that you are trying to oppose. Notice what i said in my quote below and compare to what you have said which i quoted

No2Atheism: 2. Gas flaring is both a technical problem and a financial issue.

3. Let me say.

- Oil wells can contain both oil and gas within the same underground oil/gas reservoiur . . .
- The companies are faced with a problem during the extraction of the oil from the ground. The problem is that they also encounter gas as a result.
- They are then faced with the problem of either re-pumping the gas into the ground either for storage or to aid extraction of the oil (option 1)  or processing it (option 2) or expelling and burning it (option 3).
- Simple economics and technical contraist makes it obvious why they choose to go for option 3 beccause it saves them money that they would have had to spend to undertake options 1 and options 2. Hence you see, becaues they government does not force them to eliminate option 3, it means the cost they would have incurred as a result of option 1 and 2 then becomes part of their overall revenue.

Hope you realise that we do not always have to oppose each other . . . .

Oyb: you are missing a simple point - as usual - which 'indigenous oil company' has the resources to pay these oil service companies? with all your noise, you should have an idea of teh figures involved.

hopefully you will not start another 'little lecture' exposing your ignorance on the cost implications of prospecting for oil, and the fact that companies can lose billions in , risks that nigerian investors do not have the resources to face.

I never said Rome was built in a day . . . however i gave you examples showing that Nigerian companies have already started on the same part as that of Shell . . .hence over time they would get to the same level. Moreover if they have the same access to the same amount of oil (as Shell and Mobil does). . .it should not be long for them to acquire the same kind of financial muscle to understake bigger and bigger projects.

That is why i gave the example of Petronas and Petrobras . . . showing that Shell is not the be all . . .as far as operators and marketters are concerned.

A few years ago . . .there was no Conoil and Oando . . . yet we now have Oando and Conoil . . . hence cause they are unable to take up the same kind of projects like Shell does not mean there would not be a stop gap solution . . .

Shell itself did not become big overnight. . . .

Oyb: the federal government has FIXED the price at which gas can be sold. this is why all of the companies - shell, mobil, chevron flare. it is simply not profitable to process the gas and sell at the imposed rates. do you think they are in business to make a loss?

Yes they are not in business to make a loss and Nigerians are also not in the business of being slaves of Europeans and likewise the Government is not the business of being responsible for killing its citizens through pollution of gas flaring (notice that i said pollution, i did not say Global Warming   )

Likewise its not the business of the Nigerian Government to develop business ideas for shell, mobil and all when the government imposes fixed cost of gas. Hence the reality is that if the government imposes strigent and hefty financial fines on gas flaring . . .trust me Shell and Co would find a way to solve the gas flaring within a few years. . . .

The gas flaring can solve naija's power problem . . .hence the reality is that Shell and others do not really need to sell the gas . . .they can convert the gas to do something else which they can then sell to the market at reasonable prices . . .

Hence the reality is that Shell and others do not give a hoot simply because they are able to get away with it . . .


Hefty fines are serious deterents . . .  


So in reality imposed cost of gas is not really a valid excuse . . .

blackasia:
YOU THINK WE CAN MANAGE IF SHELL IS KICKED OUT,  I JUST HOPE ONE DAY NO COMPANY WILL NEED OUR OIL, NOT BECAUSE WE DONT HAVE THE OIL, BUT BECAUSE OF THE WAY OUR slowpoke LEADERS ARE CHANGING DEALS WITH THIS COMPANIES AND CREATING AN IMPOSSIBLE ATMOSPHERE FOR THEM , IF NA U WETIN U GO DO?

Actually from my understanding . . .government is not changing any deal . . .what is probably happening is that the current licenses are about to expire and government is trying to negotiate a more profitable deal with those companies.

So please take note . . .

Yes nigerian government is corrupt
Yes nigerian government is hopeless
Nevertheless this does not mean the foreign companies are saints. . . hence as far as I am concerned . . . no agreement should be gotten into with those companies unlesss it is profitable for nigeria. History shows that they tend to prefer to cheat the host country. . . during the time of ignorance (i.e. when those oil reserves where first being discovered and licenses signed).