₦airaland Forum

Naijamericana: Ok...what determines the price of crude oil worldwide?

Without speaking too much grammar, it is SPECULATION. Crude oil is traded on the floor of the "markets"
The price of crude oil has nothing to do with the actual cost of production. That is why Oil majors keep laughing to the bank. Crude oil is profitable at 40 dollars a barrel. It's just that most of them would rather halt drilling operations till its as high as 80 and above due to their greed.

Naijamericana: But, further crude oil discoveries will be more expensive and of lower quality in the future.

More expensive, yes........Lower quality, hell to the no.....If deposits are sour, they simply process it and its factored into the cost of producing
Crude exploration costs will always pay for itself. Until they stop trading crude oil in the "markets", it will always be profitable no matter what. Crude oil price is speculative. Right now, it averages 25bucks per barrel to produce and they sell for 90-100 per barrel. Sweet margins. If the cost to produce rises to 100 per barrel, dare I say they will sell at 150 or even more. As long as there is demand and the stingy guys in wall street still smoking "la la", crude will be profitable

This seems to be a story jare. He came back from the UK briefly, you had sex again, and found out you were pregnant again before he left? All in this "brief" period.

dorox: Crude oil is a finite none renewable resource that will one day be exhausted, what do you think the world would use when that day comes?

Not gonna happen for another 300 years.

Afrobasic: With this invention, natural crude oil prices would fall drastically...

Thanks Science!

Nope.

Ayoolla: Oh I am so glad this is happening! I shout Eureka! Eureka! Eureka! At long last, the crude oil of many countries including Nigeria's are becoming less dominating and gradually being substituted. No more threat of resource control or hell fire from some parts of the world over others,No more subsidy scam, no more kerosene albatross, no more illegal refinery(as there is no need for such) as every willing man will be able to properly distill all the fractions of this mixture in a simple DIY means. I foresee, little revenue for the countries whose economies are run by Crude OIL, therefore very little to steal and loot... Eureka!! (Let me start getting ready to assemble my mini plant)

Crude oil will remain dominant for at least the next 80yrs.

druid06: Oil dependent Nations should immediately start seeking for alternative source of revenue because come 2-3 decades from now, fossil fuel would no longer be used as primarily used as fuel anymore.

Nope. Crude is here to stay.

If you have a problem with what Nigerians or any human being does on a plane, THEN BUY FIRST CLASS/CHARTER YOUR PRIVATE JET or STFU

aliumik: Patriotism aside,do u really think Nigeria will find it easy against Argentina?

Actually Argentina should be our easiest win in that group if we play well. The Argentine team won't even make it past the first knockout stage. They are a useless team

[quote author=freedom@last]I know someone who won a BMW 3 series from glo. I know him personally, no be "them say".[/quote]You should have avoided using "no be them say". I am not doubting you sha but when people say things like "i saw it live" "no be say them say" "i see am with my korokoro eyes", they are usually lieing.

Heard there was a coke promo back in the days that involved an "eagle". Till today no one has found that eagle ooo. The only thing people won was the free drinks!! I guess the eagle flew from under the cork or something. WAYO

arcbabe: OP that is where cashiers get their money from,I have worked as a cashier before. You are very wicked trying to expose her and if they sack her what benefit will it be to you. If a product bought is scanned it will reflect in the invoice but if the product is not scanned it wouldn't reflect in the invoice and that is where cashier see their own money from. So they feel it is better not to scan the product so that it wouldn't reflect in the invoice and the money is theirs b'cos you can't scan a product that has already reflected in the invoice and take the money,they will have shortage of cash and the money will be deducted from their salary. So the trick is don't scan a product and it won't reflect in the invoice and the money is yours without you having any form of shortage.

Chineke!!!! Since when did stealing become okay. After they will start saying it is people in government spoiling this country. You are a disgrace to humanity. People like you need to be purged from Nigeria. If people like you remain, the country will never grow. It is people like you that support yahoo boys and scammers alike claiming they are not doing any "damage"

You need to learn to be satisified with whatever you are paid. STEALING IS STEALING and it is a crime. If they jail the cashier now, you will claim how much did she steal compared to people stealing billions. You are just as guilty as the cashier involved. SHAME ON YOU. You are a DISGRACE TO HUMANITY

[quote author=Beaf!]It is NOT you they scammed. It is their employers!

The OP is putting it as if it he/she that was 'scammed'. We will observe this and report to the management for it is a bad habit not because we are being scammed?[/quote]Excuse you!! Who pays for it in the end? When prices go up as a result of overhead/crime/lost profits/when they close due to bad business?
The consumer and the employer are the ones being scammed. End of story. This is a crime and should not be encouraged in any way shape or form

[quote author=i.]2 things here: 1 [b]they might not be able to genuinely scan all purchased items [/b]and its not the duty of the security man to know evrything I bought! These companies have security measures in place, from Video cameras, to POS terminals. At the end of the day, a manager is tasked with stock taking! Am sure its a case of plenty people for queue no manager to punch the item purchased. Ps, next time buy a canvass, if she doesn't scan it and you pay cash, when leaving tell the security guys and watch their reaction.(Ps: make sure the notes you used to pay is marked) ciao[/quote]We all know it is STEALING. PERIOD. If they can not scan the item, tell them to MANUALLY TYPE THE BARCODE number in NEXT TIME. The scanner only removes the tedious task of having to type the numbers in. If the scanner/reader does not work, they can type the barcode/isbn number of whatever in and voilla problem solved. The only time they have an excuse to call a manager is if the item actually scans and does not exist in the system. No need acting like we do not know what is going on. THE CASHIERS ARE STEALING.

[quote author=Curious_city]While I may agree with your analysis of bulk production and profit margin, the topic is not 'unnecessary'. What would you rather want to discuss? The points you brought are worth considering by anyone thinking of making any Nigerian product not toothpick. So topic is not only necessary, but CRUCIAL. Or are you an importer?

On the NEPA or PHCN issue, it boils down to our attitude to government work and business. NEPA was suppose to operate like an enterprise, generate money to run its business including paying of staff while using the profit to offset government investment. Rather our uncles, fathers, brothers, sisters and friends turned it into their corruption den. Every year government appropriate money to NEPA, with the bulk going to pay salaries and little left to generate more power. Who are the ones working in NEPA? People we know and sometimes related to.[/quote]No developing nation can become developed without POWER. If NEPA is not resovled, we're simply wasting our time discussing anything else.
If i were President, my entire mandate for 4years would be NEPA NEPA and NEPA alone. I don't care if i'm castigated or not but i know once NEPA is fixed EVERYTHING will start falling in place.

XLR8: I was so annoyed when I checked a pack of safety matches and saw "made in india". Someone also said we actually import Toothpicks!! :O. Recently GEJ just banned the importation of fishes. We import almost everything. Though I know we export some edible goods majorly fruits but we don't really make them. The oil we are exporting also, we don't produce it unlike countries like germany, china that is known for producing cars and USA..forget
So I was wondering what product can Nigeria actually boast of producing and exporting and making huge incentives.

Rather unnecessary topic if i may add. This is not news and there is nothing to be ashamed of. To produce the toothpick and matches that you are referring to requires "optimization, control, mechanization, and proper distribution channels" The most important factor is industrialisation. Anyone can make toothpicks and matches in Nigeria but NOT EVERYONE can make them in BULK Quantities at a good enough profit margin. The answer is simple. NEPA. You require industrial control systems and machines to produce this "so called trivial" materials in BULK. Where is the power for the required factories going to come from? Most of them have to rely on Diesel generators. The answer is simple. It costs more to make in Nigeria so any sane business would rather import. So there is nothing to be ashamed of. We simply do not have the enabling environment.

[quote author=£10Billions]Does it makes you feel any better after displaying high level of ignorance? Nigerians should stop going to church,should they come to your shrine? If you are sensible enough you should have known that,Jesus Christ didn't stop going to church simply because they turned it into a market place.This forum should set up a means to restrict riff-raff from gaining acess.I'm not his member,but that doesn't mean I should watch you insults God's servants.[/quote]So, having a differing opinion now makes me a "riff-raff" ? I pity some people. You may want to check your literary books for the definition.
There is nothing wrong with my opinion. It is what it is and i stand by it. Why should i go to church for some "ordinary" man to interprete the Bible for me, when i can do it myself. There is nothing special about "them". They are humans like every one of us. If i can read and understand tough literary and technological books, why should i have to depend on someone who probably did not even "go to school" to do my interpreting for me. If i chose to sit and pray at home, i would be making a wise decision my friend. You may be the "riff-raff" in this situation for letting a fellow "human" deceive you.

Naijamericana: True...I have friends with higher levels of debt. Like the op I have investigated on relocating back to Naija myself, you know to give back a little. Who knows what's going to happen with obamacare. There's a surgery center in VI that I may want to work with, here is the link

http://www.cassurgery.com/official/

Yea. Anyway, with regards to the topic.; If you want to go to Nigeria, the only way is to go for a test run and see how it is. No amount of advice or encouragement will help. If you get to naija and feel like you want to jump on that wagon, come back to the US, pack your load and go home.

Justeenaleo: So wat if he has body guards surrounding him? Dats his own cup of tea,I never hustle finish na to dey find pastor wey get body guard mtcheeew

It is a problem because it indicates he does not believe in what he's preaching. The people listening should have stoned him. I don't know why Nigerians still go to church sef. ALL the pastors in Nigeria are fake. Stay at home and pray to God. You don't need anybody telling you lies.

rudedough: [b]I don't want to argue with him anymore but since this is coming from someone else, I will clarify. This has nothing to do with degrees, he simply doesn't know the basics of a medical career/qualifications and that puts him under my radar.

I was impressed when he said he earns $500,000/yr as an Anesthesiology, but i wanted to be sure so i asked his 'titles in ascending order'. But he said 'he doesn't know what that means', but he has 'only one title M.D'.

Please note that an M.D is a Super-Specialty degree in Medicine and it's the same both in the US and the UK. You can google that up cos i just checked.

Now before you earn that degree in any Medical field, you must have acquired at least 2 other titles, which in his field is likely to be (MBBS, MCh, before D.O (Optional), M.D and if he chooses to go further he can get a DM). These titles are the same with the US accredited medical professional titles.

In his previous text, he got confused between an M.D and a PhD. He said "you obviously dont know the difference between a PhD and MD in America".

An M.D is a PhD degree. So how can someone who has an M.D not know that he acquired an M.D after his Doctorate degree?

Look at the facts yourself, i don't know what Engineers get for their specialty courses but a PhD holder in Engineering not knowing that he got his PhD after his Doctoral program is an embarrassment.[/b]

Don't see why you are arguing. He said he is a Doctor. If he's lieing then that's his problem. I do not see the big deal there.

Naijamericana: My state college loans debt - $10,000
Medical School Debt - $100,000

Still worth it in the end

The average debt is a lot higher than that (300k or more). I know it's worth it, i'm just saying that we shouldn't omit the fact that the first few years are used in paying off debt.

Naijamericana: Starting compensation for new anesthesiologist graduate - $250,000 - $300,000
Highest compensation that I know of - $5,000,000.00 (5 million)

Kindly subtract the average student loan of 300, 000 or more from the starting salary of the fresh graduates too.
I think its the net income that matters. The first few years, you're still servicing your loan.

The people calling it a miss are the ones with smelly feet that stink up everywhere. IF you wear covered shoes, you wear SOCKS, period. Whether you have native attire on is irrelevant. If we claim it is culture, need I remind you that our ancestors wore sandals and not shoes. Heck most of them walked bare footed.

youmour: It seems every Nigerian that knows how to use the Internet is a scammer,personally I don't even know any scammers,abeg whia dem dey hide,at the end of the day if this idiots weren't so greedy n fishbrained they wouldn't have fallen victim in the first place,I swear I too like naija joo,u can't scam a small kid wen just learn A,B,C. So u are telling me with all the awareness people still dey fall maga?

Quit being ignorant. Nigerians in Nigeria are being scammed everyday. There are people who are being swindled off their hard earned money using ATM scams and all other sorts of nonsense. Would you say the are "fishbrained" as well?
Scam/Fraud is wrong PERIOD.

[quote author=Area-Fada].

I don't know the crowd you move with. When we left home way back during IBB regime, it was to get the best education there was.

Get rich quick wasn't part of our agenda. So people I know are decent professionals. People whose integrity cannot be compromised or they are out of job.

If you know scammers please report them, academia or wherever they are. If you don't, then you are just as bad as them.[/quote]This is the exact reason why they will keep insulting us. Stop playing innocent. I know hardworking Nigerians too. That does not change the fact that there are a lot of fraudulent Nigerians in the US. If you came to the US since IBB regime and you keep claiming you are not aware of the nuisances then you are a big LIAR. When I say I know scammers, it doesn't mean I personally relate with them. It means I am aware and I have heard of them. No need to preach to me about how Nigerians are hardworking blah blah blah. I attend PRINCETON so I know. Feigning ignorance will not help anyone.

[quote author=Area-Fada].

I don't know any scammer. Nigerians I know here save countless lives daily. Saving the same white people making noise now. Nigerians doing the most delicate stuff thanks to good parenting back home and work ethic constantly hammered home.

Please change your crowd so you don't go celebrating scammers.[/quote]Continue deceiving yourself. Nobody woke up one day and started picking on Nigerians. If we were clean, no one would pick on us. Yes, not all Nigerians are scammers but there is a GREAT deal of unscrupulous elements. There are Nigerians in NY, Chicago, Houston, Baltimore, Atlanta, doing all sorts of fraudlent sh.i.t. Continue playing the holier than thou crowd. I am in academia and yet I know about all these useless individuals. "I don't know any scammer" - Greatest lie ever told. Lets assume you really don't know any scammer. If you did, would you report him/her? Wait, I'm sure you will reply and say yes abi..

We are just making unnecessary noise. REPORT these scammers and problem will be solved.
A 20yr old boy travels to Amsterdam and within a year, he buys a house on the island, buys a range for his folks and builds homes in his villa?
There are thousands of cases like this. Rather than report them, all we do is lament about their ill wealth and celebrate them.

specialguest: Even though the writer isn't completely wrong, i find it offensive for a company as big as yahoo to publish this malicious mail aimed solely at demeaning the image of other hardworking Nigerians all over the world. Yes we have one or two cases of cyber crime Originating from Nigeria in the US but she failed to mention how the accomplices in such crimes are mostly citizens of the country being defrauded. Americans not excluded.

Nigerians are doing us proud all over the world and i couldn't have wished to be born in any other country.

God please keep our enemies long to see what Nigeria will become, by the time bombs and recession eats deep into the American society you will see how they would be queuing up in Nigerian embassies abroad applying for visas to come over to the green side. Until then........ #freshair in progress

Story story. Let's get real. Nigerians are gradually becoming a pain. We keep saying the percentage of Nigerians that commit fraud is less than 1% of the population yet statistics show that more Nigerians are actually committing scams/crimes. Rather than feel bad and scream anytime an article is written, why don't we DO SOMETHING ABOUT IT. Every NIGERIAN knows at least one SCAMMER or Yahoo boy or something. We secretly celebrate these idiots. Maybe if we started REPORTING them, the world will take us seriously. Why is that all the medicare scammers in NY, Houston etc don't get reported. We Nigerians know all these people. Either Report them or SHUT UP and let the world continue abusing/degrading you.

donodion: Hello House,

Please can someone honestly tell me how many international airports we have in Nigeria, Besides MMA and Nnamdi Azikwe at Abuja?.

Also id like someone to help me with the news article about how many BILLIONS OF NAIRA had been sunk into MMA International airport at Lagos.

To the poster and write of the article,thank you

I think that's the question everyone needs to start asking. What is the nation doing with the TAXES received from airlines. Why isn't there accountability? The number of flights originating/departing at MMIA alone, can self sustain that airport. What is the govt using the money for.
In the ideal world, the entire MMIA in its current state should be one single departure gate, while extensions for other gets should've been built since one million years ago. How hard is it to just use revenue from all these taxes to fix the airport. As for the smell, that one is a long thing.
If I have to use the bathroom at MMIA, I would rather piss on the immigration guys desk. I'd rather be arrested than catch NOSE cancer from those toilets.

Flyboy Zee: I bought an HTC HD2 the month it was released and ever since then I have been using this Windows Mobile for over three years, say about 4 years now and have never had any issues with it. I have friends and relations who bought their own Blackberry phones later, but are no longer using them. I'm yet to hear anybody complaining of his/her Windows Mobile crashing, which is a common thing among Blackberry users.

Dear N'Landers, this is not a Blackberry bashing thread or an HTC adoring one, all I ask from forumites is this: Don't HTC phones crash? What has been your experience with HTC phones in terms of virus infection and crashing, especially for people who have had both devices?

The only way your HD2 is/has not crashed is by avoiding any apps. If you actively get online and use apps, this is the king of crashers. I have done hard resets so many times i've lost count. Your question is even funny. Asking if a windows based phone crashes? WINDOWS is synonymous to crashing. If you use the phone just as a phone without any apps, then maybe you may be fine. Try installing "waze" - the gps app and run it..God help you if you receive a call while running it. The phone go just kpafuka

At least this Lamborghini in this Youtube video is in naija. "Lekki" . Nigerians will always spend money, bump/bad road or not.

http://www.youtube.com/watch?v=E6VvE1Jtr3g

I don't know why you guys are going gaga over nothing.
Depending on how big the artist is in an artist/producer partnership, the artist almost always comes out tops. If Don jazzy had been a general/free for all producer, the case would have been different.
It would be very hard for jazzy to make another Dbanj.- As an example Damon Dash/JayZ. Damon dash claimed he made Jayz. Jayz responded in a track that since he made Jay Z, he should go ahead and make another HOV. Damon dash is still broke today. The ROC split hurt him more.
I believe Don jazz will be okay but it will be extremely hard for him to get to the Mo hits dayz.
Dbanj was/is the face of mohits. Fans identify with who they know on screen. There are still people who don't even know who Don Jazzy is. Dbanj on the other hand has thousands of fans. it cant be that hard to find a good producer.

34. stagger:
Most of the guys who sell cars here are broad day light robbers.

A 2011 Toyota Camry LE with a mileage of 27,000 can be bought from the US for $16,500, shipped from any of the ports in the Gulf Coast for less than $1,800 and cleared at 250K. That is roughly N3m.

But someone will come here and quote that same car for sale at N7m and above. Why?

Ignorance is not an excuse ooo. I am not a dealer and i know for sure that newer model vehicles get cleared for at least 1 million naira in naija. How can you possible clear a 2011 for 250k when you cant even clear a 2008 model for less than 450,000. All you freeloaders. You want good things but don't want to pay. If they ship damaged cars to you, you will complain. If they ship blue title vehicles, you will still complain that it is too expensive...na wetin

I don't think it is funny at all. 10 naira is not little. If they steal 10naira from 50 million subscribers, what does that amount to? 1/2 a billion.. So the OP has every right to be angry. By the way this new look naira land sucks like hell. Change the font color abeg! What crap is this!!