₦airaland Forum

Mujtahida:
Even during the war Cross rivers and Ogoja regions pulled out of Biafra. Your background is rich. That's why you come across as objective and detribalised. People who grew up on airforce, naval Base or army barracks are like that too unlike those who are steeped in the mire of tribalism. Our tribalism is not even the positive kind. Upon all do you know Goodluck did nothing, I mean nothing for his people infrastructure wise?
I am from the middle belt, grew up some on the airforce Base. It's time we moved this country forward. The conversation has to change.

nagoma:
We are tired of all this shakara, the men and women of Biafra should stop all these empty threats and do the following:

1. Withdraw from Abuja all Ministers , senators and Reps who are IPOBS.

2. Withdraw all police,Military, para- military and federal civil servants that are Ipobs.

3. Withdraw all IPob students in all federal institutions .

4. Let all iPob traders in Alaba Market and in all Markets in lagos, in Ibadan, in Kano, in Kaduna , in Abuja and in Port Harcourt and in all parts of Nigeria close shop and move to the SE.

5. Let all those excellent sportsmen and women that are representing Nigeria withdraw and move to Enugu.

6. Let all the judges including the CJN and all academics withdraw their services and move eastwards

7. Let everybody who is iPob send back their green passport to the federal passport office.

If you can carry out only these 7 activities very well, then we will begin to think you are serious and we may even sit and discuss the matter. If you cannot do these 7 activities then you are not serious. If You just want to continue to be a nuisance and irritating blackmailers with no balls, you should just shut up and learn to be good citizens of Nigeria , but those fat women can continue the weekly jogging to reduce all the fat I see on display.

Mujtahida:
Juan Pablo Pérez Alfonzo, Venezuela’s oil minister in the early 1960s and one of the founders of OPEC, was the first to call attention to the oil curse. Oil, he said, was not black gold; it was the devil’s excrement. Please read the article on this link. Very insightful analysis. http://foreignpolicy.com/2009/08/22/the-devils-excrement/
Those clamouring for biafra do not understand the psychology of the blackman. They do not know how childishly selfish and spiritually stunted he is. They think once Biafra is declared they'd have their eldorado. They would not. It would be the beginning of a tragic nightmare. Sometimes I perversely wish their desires come to fruition just so I can laugh at their folly. I understand their aspirations but disintegration ain't the solution. It's just a sweet illusion, devil's water, drawing them into a desert where the demons of tribalism, ethnic politics, corruption, incompetence, greed and the fiends on whole train of the spiritual dysfunction of the black man would resurrect before their very eyes to haunt and relentlessly terrorise their souls.

PBundles:
Thats our problem in Nigeria, we are oooo so damn tribalistic yet claim objectivity. In the past administration we had 3 ministers from the SE who we knew were damn corrupt, I didnt hear nothing. When the Delta boys got their ransome ( which is what it was) lets not pretend since it made those high in the ranks and tribal chiefs rich while leaving the ppl they claimed they were fighting for worse off then before. Wasnt Obori hailed as the second coming of Christ, yet this is a man that foreigners had to jail for us because we didnt have the balls to do it, yet he stole from his own kinsmen.

What these guys are really saying is this: Divide this country so we can further pillage and rampage these fools. Then when we do, WHO CAN STOP US?

One question ppl of the SE should ask themselves : Why isnt any high ranking official or billionaire from the SE pushing for this? They know whats up.

I tell you that Oil is a curse I wish we never found it. Its is blessing and a (bigger) curse. It made us lazy and conniving.

ACHILLES45:
Ogbeni why you dey cry for us, is it your cry?

tell me that one man that has stollen half of what tiffnubu stole and i may argue with you.
fk off.

hisgrace090:
Until we became serious as a nation in handling currupt matters, we are going no where.
This is time to bring down the monster called corruption.

bakynes:
I know I will probably get attacked here but why are the Igbos now suddenly asking for Biafra and Restructuring after the GEJ Administration that favoured them with appointments etc. It is known Yoruba's were the first set of people to clamour for Restructuring.

They never asked for this during GEJ era, it is now that Buhari's administration is not really favouring them they are now clamouring for Restructuring and Biafra.

Not that restructuring is not the answer but why are they suddenly clamouring for it now?

wizzlyd:
Have You Ever Come Across This Saying "He That Run Live To Fight Another Day "For Me What He Did Was The Best Thing, Had it been He was killed by gowon, the igbos would have been humiliated,that was why the war was declared no victory no vanquish because they were looking for him at all cost to kill and humiliate him like the way day did to aguyi ironsi, but he played a fast one on them,And for your Prayer may it go back to u in an uncountable Fold.

wizzlyd:
Stop beating around the bush, u were asking for a picture of ojukwu during the war, so I asked you to show me one picture of gowon at the war front during the war then I will show you a picture of ojukwu during the war at the war front

wizzlyd:
Show me one picture were Gowon was at the war front during the war then I will show you were ojukwu was at the war front

PBundles:
Nice for him whatever floats your boat, but in the bigger picture utter nonsense.

I have IBO blood in me from my mom side ( she is actually IBO and Hausa believe it or not) and this whole IBOP is nonsense. Lets look at the larger picture, yes one can say that there was a time that easterner were disenfranchised, but is that the case now and for the last 15 years. Have they not been sharing the oil proceeds accrodingly? Was there not a deal made with the delta in which terrorists where paid off. Where else has that happened? If that were to happen to BH, the same guys who benefitted from the Delta deal will be talking rubbish.

Have easterners not held high positions of office, yet what have they done to assist the growth of the east. Instead they are the most corrupt. Instead of them to be called out they are applauded, like Ibori at the detriment of their future, kids etc.

Those calling for IPOB should ask why hasnt ONE high ranking politician followed the cause, simpe because they see it has no merit.

Even Okujwu before his passing said it was over and now we have this Kanu insighting more trouble, only to do what Ojukwu did, shout and beat on his chest and at end of the day was a coward. In all the photos from the Biafran war show me ONE just ONE where he was at the warfront or any where he saw action. You wont find any why, he was busy feeding himself. While Biafrans died of hunger every photo shows him with a fat belly. Bragging he would fight to the last man, sending small boys to fight with one bullet and then ran away with a mercedes benz and loads, only to return and then contest for presidency for the same country he said should be split. Now Kanu is looking to agitate to see if he can blackmail the federal government, at the end poor mans kids will be killed and he will reap the benefits. Some may be offended by this, but someone has to tell you the truth. Stop this nonsense.

winningwinner:
Not so fast dude! If IPOB is nonesense as you alleged, what happens to O'odua and Arewa? They must be a complete nonesense! Use your head and reason properly. You have Hausa, Igbo and Yoruba, then you have Arewa, ...... and O'odua!!! Does that make any sense to you?
You are just jittery of the power of the people of the old Eastern Region. They must unite!!!
By the way, how old are you to know how Ojukwu fought the war? Anyway, go back and ask your father, he might have a clue.
When next you want to comment on an important issue, try not to spue trash. Igbos are known anywhere they are. I can't trace an original Igbo blood in you, all I see is one with crude oil hungry blood. I have the original, come closer and get transfused!
The Igbo know themselves; they are pure blooded, not of a mixed blood!

PBundles:
Nice for him whatever floats your boat, but in the bigger picture utter nonsense.

I have IBO blood in me from my mom side ( she is actually IBO and Hausa believe it or not) and this whole IBOP is nonsense. Lets look at the larger picture, yes one can say that there was a time that easterner were disenfranchised, but is that the case now and for the last 15 years. Have they not been sharing the oil proceeds accrodingly? Was there not a deal made with the delta in which terrorists where paid off. Where else has that happened? If that were to happen to BH, the same guys who benefitted from the Delta deal will be talking rubbish.

Have easterners not held high positions of office, yet what have they done to assist the growth of the east. Instead they are the most corrupt. Instead of them to be called out they are applauded, like Ibori at the detriment of their future, kids etc.

Those calling for IPOB should ask why hasnt ONE high ranking politician followed the cause, simpe because they see it has no merit.

Even Okujwu before his passing said it was over and now we have this Kanu insighting more trouble, only to do what Ojukwu did, shout and beat on his chest and at end of the day was a coward. In all the photos from the Biafran war show me ONE just ONE where he was at the warfront or any where he saw action. You wont find any why, he was busy feeding himself. While Biafrans died of hunger every photo shows him with a fat belly. Bragging he would fight to the last man, sending small boys to fight with one bullet and then ran away with a mercedes benz and loads, only to return and then contest for presidency for the same country he said should be split. Now Kanu is looking to agitate to see if he can blackmail the federal government, at the end poor mans kids will be killed and he will reap the benefits. Some may be offended by this, but someone has to tell you the truth. Stop this nonsense.

nyabingi:
you are just irrelevant!

PBundles:
Nice for him whatever floats your boat, but in the bigger picture utter nonsense.

I have IBO blood in me from my mom side ( she is actually IBO and Hausa believe it or not) and this whole IBOP is nonsense. Lets look at the larger picture, yes one can say that there was a time that easterner were disenfranchised, but is that the case now and for the last 15 years. Have they not been sharing the oil proceeds accrodingly? Was there not a deal made with the delta in which terrorists where paid off. Where else has that happened? If that were to happen to BH, the same guys who benefitted from the Delta deal will be talking rubbish.

Have easterners not held high positions of office, yet what have they done to assist the growth of the east. Instead they are the most corrupt. Instead of them to be called out they are applauded, like Ibori at the detriment of their future, kids etc.

Those calling for IPOB should ask why hasnt ONE high ranking politician followed the cause, simpe because they see it has no merit.

Even Okujwu before his passing said it was over and now we have this Kanu insighting more trouble, only to do what Ojukwu did, shout and beat on his chest and at end of the day was a coward. In all the photos from the Biafran war show me ONE just ONE where he was at the warfront or any where he saw action. You wont find any why, he was busy feeding himself. While Biafrans died of hunger every photo shows him with a fat belly. Bragging he would fight to the last man, sending small boys to fight with one bullet and then ran away with a mercedes benz and loads, only to return and then contest for presidency for the same country he said should be split. Now Kanu is looking to agitate to see if he can blackmail the federal government, at the end poor mans kids will be killed and he will reap the benefits. Some may be offended by this, but someone has to tell you the truth. Stop this nonsense.

Odingo1:
There is nothing like having Igbo blood, If you are not Igbo you are not.
You yorubas have Odua,Hausa have Arewa nobody disturb una, if Igbos say they have Biafra all of una go start to hit una head on the ground, cant you people do without the Igbos,this una inferiority complex is too much,they tie una umbilical cord with Igbos delf.

Ajewealth123:
my broda,it is when you are thinking straight you will remember to do that o.my I.q don enter reserve as at the time am trying to park but sincerely it is a good point for future reference cos 5years to this time,we don't know the types of gear we will be dealing with

Ajewealth123:
let me share my funny story with you.
On my dp you will see a cls 400 4matic Benz. That's the first time am driving a car with a crazy gear like you last pics.
Fine I go it to reverse from my compound,
I got it to drive to town now to the crazy part.
I dey this sloppy place,as in slope to the front and I need to park this crazy car.
The a.c is too notch but my broda,I begin sweat cos to park am na problem.
Didn't know I was suppose to a press a button at the extreme end of the gear to shift it into park.
It was funny and crazy at the same time cos it took me more than 35minutes to park ordinary car o

PBundles:
I see where you are coming from but I think its a bit more complicated than that. I agree technology as with all new things will get more efficient, but at a certain point you max out. where that will be we dont know. Also the business model of drilling remains the same and demands enormous initial capex, which is the big hurdle. So its not like you can say, Ok it didnt work lets go idle. Capex financing will be there and wont go away. The Ace that the Saudis have is cost of extraction as I mentioned. If you can extract a barrel as low as $1.5 a barrel, no form of tech can beat that. Hence I think these levels are here to stay. When the Saudis see shale companies getting courage, the kill the price to punish them sending a message top those that dare try.

Another thing that ppl arent talking about is the growth of electric cars, buses and even airplanes (for the future). In most European countries its being pushed and Germany and Holland will actually ban petrol/diesel cars by the turn of 2030, when that happens the price will really go south.

InvertedHammer:
Saudi's production cost is $3/barrel. Shale companies production cost $5.85/barrel. (Business Insider, March 26, 2017). Quiet a chunk of the totak cost of production comes from Administrative overhead, Transportation, Capital spending and Gross taxes which pushes total cost for shale corporations to $23/barrel while Saudi (with no taxes levied) stands at $8.98. (Nigeria is $29/barrel). When push comes to shove, US can subsidize oil companies or give them incentives to control costs.

This is possible but I doubt if this is sustainable. Im not a supporter of subsidies, it forces companies to be inefficient. Having said that there are many ways to accomplish this.

OPEC has been relying on verbal interventions to curb the slide in oil prices. But technology, banks and Hedge funds are there to call their bluff. Don't forget that a lot of people making money in the oil business do not even own a spanner not to talk of drilling rigs. They are speculators who have billions of dollars in equities which is why fluctuations in oil prices tend to be exaggerated.

There is no doubt that market instruments exaggerate matters.

When everything else fails, there is always the last solution--war.

PBundles:
Shale is not profitable at these levels. One of the reasons for the Oil crash was that the Saudis flooded the market knowing that at around $48-55 shale cant exist, hence a lot of shale producers went belly up. Hence my theory that I doubt you wont see oil at old prices and will stay within this range. when you take into consideration that the saudis have oils deposits that cost them around $1.5-2 to extract per barrel! Its not the deposits you have that ar really important, but the cost of extraction.

InvertedHammer:
It is more complicated than that. Saudi floods the market with oil, price crashes and shale companies go on idle mode.
But then Saudi, OPEC and oil-dependent economies like Nigeria and Venezuela go into financial crisis. They will be forced to cut production. Price starts going back up again. Guess who shows up again? Shale companies! And the cat and rat race continues.

Trust the power of technology. Shale companies will continue to innovate until their cost of extraction improves. It will probably get to the point where Saudi and others may be left to cook soup with their oil.

Truth234:
Bro what you quoted has no relevance to:

It actually does but I still dont think you follow, but its fine.

It didn't state Saudi increase production during the said period.

If you read what I mentioned in italics, it states that they were deviating from the strategy of refraining from production, hence increasing production.

On hedging, they actually did and still doing.

https://www.bloomberg.com/news/articles/2017-02-27/u-s-shale-surge-threatens-opec-strategy

I must be honest I didnt comb thru it finely, but I didnt see where the stated that he Saudis were hedging their oil bets.

If you think 20-25% will be good, I am glad to inform you that Trump proposed 15% federal tax, its huge and will get passed.

Im fully aware of what he proposed, but he wont get anywhere near there. If he gets anything below 25% as I mentioned, it will be seen as a win. There is not ONE analyst ( if you know, please let us know) and I concur that thinks he will get 15%. Its a negotiation strategy, you go far south, I go far north and we meet somewhere are the equator. Also remember that fiscal tax cuts have been tried before,maybe not this drastic and in short didnt work. The theory doesnt match the practical. He will need to cover the loss of tax to be received somewhere. Having said that he current level is way to high when compared to the EU etc.

The embolden, I am the one quoted in the article.
Dont follow, are your C. Sell or Julian Lee?

Truth234:
Saudi didn't flood the market, there was production cut impeding excesses. In fact, Saudi production dropped to 21 months low in February according to OPEC data. Even though, Shale is not profitable at the current price level. They have what is called hedge with commercial banks --that covers their losses for certain years. Previously, we thought Shale won't come on board until prices reach $60/barrel and above but the hedge, Donald Trump negative attitude towards climate change and his favourable tax policy for businesses revamp that sector even at lower prices.

GeneralOjukwu:
Disagreed with you in the past, but i agree with this...

But Saudis didn't flood the market, what they did was, they brought the price down to levels where Shale oil producers were making minimal profits.

crackerspub:
The rate US is converting Shale gas will crash oil prices




Alaska/USA still have the largest oil deposits in the world




Price of oil will still drop even at the rate alternative source of energy is been used

Truth234:
You are no boxer please, a true boxer knows it is not possible to raise an Olympic champion within a year. A real boxer knows it takes years and sacrifices to build muscle memory, learn to throw precise combinations, learn to jab effectively, footwork and head movement that after 9 years he is still yet to learn. I am AJ fan but when people watch and play football growing up, boxing is all I do and till this day. The gym is home.

Truth234:
You are no boxer please, a true boxer knows it is not possible to raise an Olympic champion within a year. A real boxer knows it takes years and sacrifices to build muscle memory, learn to throw precise combinations, learn to jab effectively, footwork and head movement that after 9 years he is still yet to learn. I am AJ fan but when people watch and play football growing up, boxing is all I do and till this day. The gym is home.

Truth234:
See I don't know about other athletes but Jeremiah Okorodudu account is totally wrong. How can an 18-year-old boy that started boxing for the first time in 2007 compete for a place in the Olympic team in the same year? Even four years later he couldn't win Amateur World Boxing and Dillian Whyte almost ruined his career before it got started.

Nigerian leaders have issues, youths should strive to be better.

blueseacats:
Exactly, but bro. I service mine with one guy in naija. He's good but all I need is to order parts for him. But I love watches, I can wear the cheapest shoe or shirt. But my watch must be complicated and also an investment that I can sell on eBay and get physical cash in no time.

blueseacats:
I don't think they wear it for time anymore. Most luxury watch owners are collectors, some others make fashion statement with it. In fact there are more designer watch makers today than there is 30 years back and they are making tones of money.

bettercreature:
Don't even know what my people want,they would cry when dollar is 520 that government is doing nothing
They wont stop crying either when dollar is 380 saying government is doing too much
Black man with black brain
CHINA has been using this artifical means to control Yuan for over a decade now,reason they call them currency manipulator