Why are you overrating Russia so much, OP? They're just 2 points up the ladder above Nigeria on oil exploration( russua is number 8 while Nigeria is number 10) . EU can call bluff of Russia and their oil. Saudi Arabia( where America has her largest oil investment via american oil corporation which later became chevron) and Canada are there. Countries like Nigeria who's number 10 on the list can also supplement supply to the west, other countries too. Don't also forget that America also has oil. Russia will be at the receiving end. To end this, India also buys oil from Nigeria in fact, they're one of our largest buyers.

Originalsly:
Russia will cut them off. The US is already making plans to step in and getting other countries to do same. The problem is they have the amount but not the delivery infrastructure which will take a longgggg time to set up. Meanwhile ..... Russia will divert supplies to the ever thirsty China and Nigeria will be instructed to increase supply to Europe....or else?

Nigeria is just useless. We're supposed to be a major player in this current game now yet nobody regard us. Even Venezuela was being begged many weeks ago. Iran too but nobody regard us because they know we are stupid and will always do as command.

babyfaceafrica:
Please why can't USA sell cheap gas like russia? Why is Russia gas the cheapest everywhere

Russia only need around $35 for her oil and gas to make profit while Saudi and gulf nations need at least $60 but USA need gas and oil at $80 dollars

toprealman:
Putin is playing dumb here. He is pushing a people that invest so much on research and innovation. Boys are not smiling. That gas will soon become useless......biofuel research teams smiling.

Lolz. See u

Originalsly:
Russia will cut them off. The US is already making plans to step in and getting other countries to do same. The problem is they have the amount but not the delivery infrastructure which will take a longgggg time to set up. Meanwhile ..... Russia will divert supplies to the ever thirsty China and Nigeria will be instructed to increase supply to Europe....or else?

or else what?.. Nigerian is currently supplying below capacity because of vandalism, even if Nigeria can supply more, Nigeria can only do that if OPEC allows it.. And so far, OPEC+ have no intention to increase supply..

Johnrake69:
They might try to invade Russia. Europeans can’t stand hardship

and if they do, 99 of the 100 combatant will be killed. Russia will stand.

Igbofam:


That is actually not true. How and why would Europe be in depression when they would be saving their money and not spending it on Russian gas?

The one facing imminent depression and well on their way to it is Russia

Germany,France,Italy, and co have their factories and companies dependent on this Russian gas!
These economies are battling against Asian products which are cheaper!
No imagine no gas for the factories,companies and what have you.
They will have to import from wherever at far higher costs plus delivery stalls!
There will be drastic cuts in employment first!
High cost of gas to run the homes
High cost of finished goods
All of these leads to inflation
Inflation in double digits affects there currency
Euros gets weaker
And blah blah blah

Growth all seuth in reverse.... depression

Originalsly:
Russia will cut them off. The US is already making plans to step in and getting other countries to do same. The problem is they have the amount but not the delivery infrastructure which will take a longgggg time to set up. Meanwhile ..... Russia will divert supplies to the ever thirsty China and Nigeria will be instructed to increase supply to Europe....or else?

Stop hyping Russia. They're just number 8 on the list while Nigeria is number 10 meaning if we can increase our capacity as opec demands we can meet the European demand. Don't forget America owns a great share in the oil and gas investment in Saudi Arabia, through the American Oil Corporation which changed to Chevron. Check the position of Saudi Arabia and Canada on the list and you'd know Russia is inconsequential in this matter. Russia can drink their oil for all we care. This should be a moment of boom for Nigeria. I hope they'd use the proceeds judiciously.

Russian economy will crash laslas. You can't be making money from the west through the sale of your gas and be using the proceeds to build weaponry and be intimidating same people with it.

Rubble now 84 to a dollar. Wahalla

baralatie:

Germany,France,Italy, and co have their factories and companies dependent on this Russian gas!
These economies are battling against Asian products which are cheaper!
No imagine no gas for the factories,companies and what have you.
They will have to import from wherever at far higher costs plus delivery stalls!
There will be drastic cuts in emoyment first!
High cost of gas to run the homes
High cost of finished goods
All of these leads to inflation
Inflation in double digits affects there currency
Euros gets weaker
And blah blah blah

Growth all seuth in reverse.... depression

Still wrong. US has started supplying EU with more gas as they move away from Russian gas.

Oh and by the way I can tell you for a fact that a sustainable, renewable and much more powerful yet cheaper alternative to Russian Oil and Gas is in the works and FYI it is not even Oil and Gas.

How do I know? I am in a way involved in it. I was one of those who brokered the deal. Talks are happening now.

I will come back to this post once it rolls out and show you how Russia has lost it all with this singular major alternative.

BKayy:

Where exactly do you think Europe hope to get alternatives from?

My dear don't allow ignorance take the lead on you. Venezuela is seriously arming themselves up. Saudi is looking for cooperation with China incase.

You don't get it. If these Imperialists don't find alternative before December, they will lose their sanity and look for where they will get alternative by force even if it means reintroducing what they did in 17/18th century.

Civilization is just a lie to hide the fact that they (West) get what they want unchallenged. Always remember that slavery was not abolished because they felt guilty but because of mechanisation and need to force their people to buy the machines.

Think

Wao..this is news to me..

holysina:
Rubble now 84 to a dollar. Wahalla

In dollar terms that's 15cents to a dollar

Rubles is still way down there

ojesymsym:
This is a business opportunity for any country willing to risk it.
Act as an intermediary between Russia and the "unfriendly" nations. Collect euros from them, pay Russia in Rubies and keep the profit.

Oil dey ur head

MT:
Putin cannot just wake up to unilaterally change a signed contract agreed by all parties. The contract states Russia gas would be paid for in Euros and NOT in rubles. Russia will be dragged to Court of Arbitration for resolution.

you are funny, do you know how many contract the west have broken by this sanctions? So freezing Russia account is not a breach of contract., seizing Chelsea and other banditry act by EU ain't breach of contract, canceling nordstream 2 isn't a breach in contract.

MT:
Putin cannot just wake up to unilaterally change a signed contract agreed by all parties. The contract states Russia gas would be paid for in Euros and NOT in rubles. Russia will be dragged to Court of Arbitration for resolution.

So no contract was breached when foreign lessors decided to call back aircrafts leased to Russian airline? Non was breached when sovereign foreign asset was seized? Non was breached when the private properties/businesses of Russian bussiness men were confiscated by western nations simply for being Putin’s friends? Non was breached when Russian sports were kicked out unilaterally from sporting bodies that are supposedly apolitical? All valid contracts with Russia has been breached by the west in defiance of international law. As for gas contracts, it does not stipulate payments in dollar/euro, it is the pricing that is done in dollar. So after deciding pricing, you will have to pay in an acceptable currency.

MT:


I am sorry it doesn't work that way. Sanctions and Contract are not related. Russia will pay a heavy fine from Court of Arbitration. What Putin said cannot be enforced.

they won't pay shiit. You confiscated their so called foreign reserves that means what you are paying them with isn't trustworthy or not even valuable. That's almost like someone buying yams from you with fake money. You can challenge and take back your product or demand he pays you with real money.

Igbofam:


Still wrong. US has started supplying EU with more gas as they move away from Russian gas.

Oh and by the way I can tell you for a fact that a sustainable, renewable and much more powerful yet cheaper alternative to Russian Oil and Gas is in the works and FYI it is not even Oil and Gas.

How do I know? I am in a way involved in it. I was one of those who brokered the deal. Talks are happening now.

I will come back to this post once it rolls out and show you how Russia has lost it all with this singular major alternative.

Everything is all about a future time date!
Us gas costs more than Russian like 3.5 times.
Inflation in Europe is inevitable.
At the time US said it signed gas surplus with Europe ,Europe was still receiving Russian gas.
Us gas cannot even keep up despite it's costs!
Imagine No Russian gas to Europe (zero)
Haaa!
You have created a whole bottleneck of supply breakpoints for Europe economy and it most recess!

Now you have Russia now diverting cheap gas to china and Indian factories!
Common man!
Europe will be hit by an economic bomb

MT:
Putin cannot just wake up to unilaterally change a signed contract agreed by all parties. The contract states Russia gas would be paid for in Euros and NOT in rubles. Russia will be dragged to Court of Arbitration for resolution.

But seizing assets and freezing Russia's foreign reserve without them breaking any economical law is not breech of contract abi?

SKIBiNSKI:
Yes, you are right they will never ever let it happen, they are already going to Morroco to beg for gas, Morroco that they stopped buying gas from since 2 years ago because they claimed the Morrocans are terrorists.

Soon they might invade nigeria and cause conflicts in nigeria so as to take over the control of nigerian oil, same way they invaded Afghanistan, Syria, Iraq and Libya. Remember ISIS? The so called terrorist organisation? They have being selling cheap oil to some countries too after they took over some of Syria's oil wells.

I don't think they can invade Nigeria since we're effectively Chinese colony now

baralatie:

Everything is all about a future time date!
Us gas costs more than Russian like 3.5 times.
Inflation in Europe is inevitable.
At the time US said it signed gas surplus with Europe ,Europe was still receiving Russian gas.
Us gas cannot even keep up despite it's costs!
Imagine No Russian gasto Europe (zero)
Haaa!
You have created a whole bottleneck of supply breakpoints for Europe economy and it most recess!

I just told you an alternative is in the works and it is not oil and Gas so just relax your titties.

A lot is happening behind the scenes.

By the time this rolls out, no country would depend on Gas or Nuclear energy any more.

baralatie:

Germany,France,Italy, and co have their factories and companies dependent on this Russian gas!
These economies are battling against Asian products which are cheaper!
No imagine no gas for the factories,companies and what have you.
They will have to import from wherever at far higher costs plus delivery stalls!
There will be drastic cuts in employment first!
High cost of gas to run the homes
High cost of finished goods
All of these leads to inflation
Inflation in double digits affects there currency
Euros gets weaker
And blah blah blah

Growth all seuth in reverse.... depression

Very wrong notion. USA through their business collaboration with their partners like Saudi Arabia and Canada who are the top largest oil producers in the world can easily make it happen. They'd only face the hardship for a few days. Remember when fuel became scarce recently in Nigeria?With the arrival of a few vessels recently, the tide stopped and now, there's fuel everywhere and sold at the normal rate per liter. We only siffered that scarcity for a few weeks. Russia will cry on this. EU can increase their demands for our gas, othwr countries too. Hope you're aware NLNG in Bonny Island exports the majority of their gas to Europe, India, etc? I wonder why Nigeria is still poor. We should be as powerful as Russia today but corruption is too much. Are you aware Nigeria is just 2 points velow Russia in oil endowment? We're number 10 while Russia is number 8. If not for racism and all manners of sentiments, I see no reason why EU wouldn't come buy our bonny lite which is even the best in the world but headed for Russia for energy dependency instead. Maybe what's happening now would male them reconsider their agelong decisions

Walkee:
I don't think they can invade Nigeria since we're effectively Chinese colony now

Mama Charlie does not like this comment o

Eriokanmi:
Why are you overrating Russia so much, OP? They're just 2 points up the ladder above Nigeria on oil exploration( russua is number 8 while Nigeria is number 10) . EU can call bluff of Russia and their oil. Saudi Arabia( where America has her largest oil investment via american oil corporation which later became chevron) and Canada are there. Countries like Nigeria who's number 10 on the list can also supplement supply to the west, other countries too. Don't also forget that America also has oil. Russia will be at the receiving end. To end this, India also buys oil from Nigeria in fact, they're one of our largest buyers.

Yes there are alternative oil producers but at what price? Taking Russian oil at ofthe equation will lead to a drastic hike in price of oil as we have seen in recent times, a lot of the people in western countries are already feeling the heat of increased oil prices and it's impact on their economy, this is the reason many eu countries backtracked on sanctioning Russian oil.

MT:
Putin cannot just wake up to unilaterally change a signed contract agreed by all parties. The contract states Russia gas would be paid for in Euros and NOT in rubles. Russia will be dragged to Court of Arbitration for resolution.

And the court of Arbitration will sell the gas to Europe abi.
You think like a child in kindergarten. You see a man who has said to hell with the western govt and you want to take the man to court of Arbitration. A man that can end civilisation as you know it.

Adjovi:



But seizing assets and freezing Russia's foreign reserve without them breaking any economical law is not breech of contract abi?

No contract was violated in sanction. If you note any contract violated in any of the sanction, kindly state it. Contract is a contract, it can't be reneged on on an international stage

Walkee:
I don't think they can invade Nigeria since we're effectively Chinese colony now

true, the war/conflict in nigeria would be between the chinese, the EU and UK while nigerians would be refugees, just like the war with America, the EU and Putin while the Ukrainians are the refugees. And i doubt the UK, Anerica and EU would wellcome nigeria refugees into their countries.

TheOgaBoss:
Yes there are alternative oil producers but at what price? Taking Russian oil at ofthe equation will lead to a drastic hike in price of oil as we have seen in recent times, a lot of the people in western countries are already feeling the heat of increased oil prices and it's impact on their economy, this is the reason many eu countries backtracked on sanctioning Russian oil.

It's normal and this would only last a few days after which things would become normal. We too suffered scarcity last month and now, there's fuel everywhere sold at the normal price. It all depends on how swift the affected countries are able to adjust by looking elsewhere for energy. During scarcity, some stations sold fuel as high as 250 naira here in lagos. Now it's history. Some people just overrate Russia for no reason. I'm even disappointed the manner at which they're suffering more casualties in the hands of Ukrainian forces. I was seeing them as big and mighty before the invasion with the cache of munitions and tanks on display as seen on aljazeera and BBC. Most of those tanks and jets have now been destroyed by Ukrainian army.

Kingpin1000:

And the court of Arbitration will sell the gas to Europe abi.
You think like a child in kindergarten. You see a man who has said to hell with the western govt and you want to take the man to court of Arbitration. A man that can end civilisation as you know it.

I'm sorry I don't dialogue with uneducated individuals like you, who can't string two sentences together without insult. I dialogue here with individuals that we can all deepen our intellectual capacities. This will be my last message to you.

MaximoneyXchang:
The earlier the Ukrainians understand that their place is being used as battle ground for NATO, the better they stop the war!
& for the gas, pay in the sellers choice if you need the product or keep raising your elbow and die in gas hike!

You see people like you I kept wondering how you managed to go to school and passed with your kind of brain and thinking and those 32 bollocks that click like to you imbecillic statement.

Pls was Ukrain the one that start the war?

Pls in your fish brain so you expect Russia to just invade 44million heads and they should just succim just like that for committing no offense?

Pls I ask again and again did Ukrain ever showed or provoked Russia or her territory?

So Buhari should go and invade the SE due to ipigs disturbances baa? Or Buhari should invade Zamfara being bandit haven baa? Or Fulani bitchs should invade Nigeria as planned and its fine by you baa?

Go and work on your judgement capacity, your sense of reasoning with your 34 likes bolocks is leaking.

MaximoneyXchang:
The earlier the Ukrainians understand that their place is being used as battle ground for NATO, the better they stop the war!
& for the gas, pay in the sellers choice if you need the product or keep raising your elbow and die in gas hike!

The third option.

Pay for Russian gas in rubles.

The west can't sanction Russia from usd and expect them to stoll accept usd as payment options. Money they can't use.

Eriokanmi:
Very wrong notion. USA through their business collaboration with their partners like Saudi Arabia and Canada who are the top largest oil producers in the world can easily make it happen. They'd only face the hardship for a few days. Remember when fuel became scarce recently in Nigeria?With the arrival of a few vessels recently, the tide stopped and now, there's fuel everywhere and sold at the normal rate per liter. We only siffered that scarcity for a few weeks. Russia will cry on this. EU can increase their demands for our gas, othwr countries too. Hope you're aware NLNG in Bonny Island exports the majority of their gas to Europe, India, etc? I wonder why Nigeria is still poor. We should be as powerful as Russia today but corruption is too much. Are you aware Nigeria is just 2 points velow Russia in oil endowment? We're number 10 while Russia is number 8. If not for racism and all manners of sentiments, I see no reason why EU wouldn't come buy our bonny lite which is even the best in the world but headed for Russia for energy dependency instead. Maybe what's happening now would male them reconsider their agelong decisions

You keep calling the US.Us has its own fuel needs it has to solve.
It cannot sustainably carry the whole of Europe fuel needs.let us understand this o!
Now to Saudi Arabia.it is because of the high profit that it made in this war fracas ,that it is now able to think and implement an expansion programme to challenge Russia's prowess in oil(not gas Saudi cannot reach it).Meanwhile sudi also has an issue with Biden (because Biden does not support Saudi in its war with Yemen).
Canada is all whole line of euro america politics!

Nigeria is a funny story.We cannot account for 450000 barrels of oil theft a day for as long as I can remember thanks to Nnpc!Oil technology has been expatriates thanks to fg/nnpc!
Nigerian gas was going good until fg/nnpc entered so when I read about Nigeria trying to fill void(I am just laughing)