bigpicture001:


Saudi is not a buyer but a seller.. so dey don't need Russian oil

A little research goes a long way. Saudi Arabia buys Russian oil. Google it.

You are big mumu. Homes tend to be the ultimate hit. Energy industries are not an end to themselves; they distribute to homes and all they need to do is increase prices when the commodity becomes scares. And I am telling you that the hit on homes is insignificant. A 3rd of the population can afford to cope with the inflation BECAUSE THINGS WORK HERE. And for the poor, the wonderful governments in Europe have very good packages for the poor who may feel the bite of whatever the inflation may cause. Guess what? Europe has the money to take care of their poor. In fact I know exchequers of several nations here who recorded fiscal increases in this 3rd quarter alone.

A mumu like you couldn't see that even with covid where industries actually shut down for months Europe still stood strong, how much more a temporal setback in energy sourcing.

Now see this. A war caused by Europe is causing real time poverty for your family there in that shithole country, and with all your oil you are feeling it more that Europe were there is no oil.

If you don't understand that the joke is on you, then your mumu is in a class of its own

sukkot:
the joke is on you. its not homes, its industries collapsing

LogicnReason:
You are big mumu. Homes tend to be the ultimate hit. Energy industries are not an end to themselves; they distribute to homes and all they need to do is increase prices when the commodity becomes scares. And I am telling you that the hit on homes is insignificant. A 3rd of the population can afford to cope with the inflation BECAUSE THINGS WORK HERE. And for the poor, the wonderful governments in Europe have very good packages for the poor who may feel the bite of whatever the inflation may cause. Guess what? Europe has the money to take care of their poor. In fact I know exchequers of several nations here who recorded fiscal increases in this 3rd quarter alone.

A mumu like you couldn't see that even with covid where industries actually shut down for months Europe still stood strong, how much more a temporal setback in energy sourcing.

Now see this. A war caused by Europe is causing real time poverty for your family there in that shithole country, and with all your oil you are feeling it more that Europe were there is no oil.

If you don't understand that the joke is on you, then your mumu is in a class of its own

oh you are just a stupid low self esteem negro if you dont understand that this would affect their industries and hence price of goods would skyrocket . as it is most old people in the uk have to choose between either eating or heating their homes because they cant afford it. mumu you are speaing to a man who has spent more time in europe than nigeria
https://www.endfuelpoverty.org.uk/eight-million-older-people-worried-about-heating-their-home/

gnykelly:


It's not sustainable. Just like fuel subsidy in Nigeria.

Lol. pretty obvious you live in Nigeria and don't know people clean out more than 3 grand monthly for the past 20 years as govt support. Lololol

The UK paid every single business a minimum of £10,000 grant (even hairdressers)and paid every private employee 40% of their wages for almost 2 years during the pandemic. Gave unsecured loans of £50k to all businesses that applied. Unsecured means if you cannot pay back no wahala. All you needed was to have a registered business and bank account. A process that takes less than 10 minutes.

Bro abroad no be Nigeria. They can weather the storm for 20 years

Oh my God lol, so the old people who can't afford energy is your reason why you think industries will shut down , ehnn Mr high self esteem. I thought a negro like me was talking with someone with some intellect, abeg make I waka dey go. These are the none entities here on nairaland, and by their fruits we shall know them

sukkot:
oh you are just a stupid low self esteem negro if you dont understand that this would affect their industries and hence price of goods would skyrocket . as it is most old people in the uk have to choose between either eating or heating their homes because they cant afford it. mumu you are speaing to a man who has spent more time in europe than nigeria
https://www.endfuelpoverty.org.uk/eight-million-older-people-worried-about-heating-their-home/

LogicnReason:
Oh my God lol, so the old people who can't afford energy is your reason why you think industries will shut down , ehnn Mr high self esteem. I thought a negro like me was talking with someone with some intellect, abeg make I waka dey go. These are the none entities here on nairaland, and by their fruits we shall know them

stupid mahfuka too dumb to understand i made two unrelated points

I see through you mate. Here is what wrong with you. You are an uneducated mo*ron, and you are fidgeting because you worry that I will expose your ignorance and yes I will do it for others reading us to see what you are posting and remember you as brainless. The height of ignorance is when is make an unrelated point in a discuss. What is the use of making a point that is unrelated, to what end except to show you are confused

sukkot:
stupid mahfuka too dumb to understand i made two unrelated points

LogicnReason:
I see through you mate. Here is what wrong with you. You are an uneducated mo*ron, and you are fidgeting because you worry that I will expose your ignorance and yes I will do it for others reading us to see what you are posting and remember you as brainless. The height of ignorance is when is make an unrelated point in a discuss. What is the use of making a point that is unrelated, to what end except to show you are confused

bro you made this whole post just to say what exactly ? too many simple minded mahfukaz on NL mayne
YOUR NEW NAME IS stupidnsimple not logicnreason

I made the post to say that you are confused

sukkot:
bro you made this whole post just to say what exactly ? too many simple minded mahfukaz on NL mayne
YOUR NEW NAME IS stupidnsimple not logicnreason

Reflect7:


WILL YOU SHUT UP. ''EUROPE MUST HAVE PLANNED FOR''. HOW DO YOU KNOW THEY PLANNED FOR ANYTHING? MUMU. OYIBO WORSHIPER WITH NO BRAIN.

God bless you wiseman. Abeg why e dey pain you?

LogicnReason:
I made the post to say that you are confused

alright einstein. now lets get back to topic. see what you are experiencing with this russian situation is the end of european power and the rise of russia on the global scene. a new breed of suprpowers are emerging and are determined to take down any country that stands in their way. these new bunch of superpowers would be headed by Russia and china. so your darling likkle europe is on its way back to the neanderthal cave man days

My guy no dey talk like this I dey shame for you o. Can't you see that Russia is regretting their move. Na simple common sense now. Make I lecture you small. Russia's export of significance is oil, but they will become poor now because their biggest buyer is Europe, and Europe says "oya Mr putin we no want to dey buy your oil again. We go rather go buy from other country or develop new energy sources even if we suffer small in the short term".

So what happens in the long term is that Russia will burn of those excess crude and eventually shut down their supply chains to Europe costing them billions. To build new pipe line to China and India will take them years to achieve (that is if the Western companies with the construction expertise agree. Of course they won't agree cos of sanctions on doing business with Russia) and by the time Russia eventually succeed to build those pipelines, the world would have moved on from oil. International trade is all about buying and selling. Russia will need at least 100s of vessels to load crude oil daily enroute to China which take like 2 months to arrive china's shores. Which vessel company want to trade with Russia, and even if some do it underground the price is triple, plus they will be selling very cheap to China and India. So stop hyping Russia. Them they cry.

By the way, all their foreign reserves will be used to rebuild Ukraine . So pls which world power are you talking about? You think Russia is happy to shut off pipes to Europe? Na their money dey burn o. So with what money will Russia become a superpower? The Russia you think are smart are lowkey crying for the big mistake they have made.

sukkot:
alright einstein. now lets get back to topic. see what you are experiencing with this russian situation is the end of european power and the rise of russia on the global scene. a new breed of suprpowers are emerging and are determined to take down any country that stands in their way. these new bunch of superpowers would be headed by Russia and china. so your darling likkle europe is on its way back to the neanderthal cave man days

jackcanfield:
Russia has finally weaponize their gas supply ..just yesterday I was hoping the Eur would raise it neck up against parity with the USD .... This nonsense would fast track Europe sourcing for alternatives like Hydrogen to generate Power ....Russia should be careful,, you are not only fighting Europe this way but the entire globe because this bring instability into the market ...Makes a fool of all fundamental and technical analysis.

Its OK for the G7 to freeze Russian foreign reserves. You guys just come here to sprout nonsense. You sanctioned a country where your livelihood depends on and expect them to seat and do nothing.

newdawn2017:
vote Sowore for our liberation come 2023.

Seriously, please apart from his activism I don't know any thing about him, has he held a political office before?

LogicnReason:
My guy no dey talk like this I dey shame for you o. Can't you see that Russia is regretting their move. Na simple common sense now. Make I lecture you small. Russia's export of significance is oil, but they will become poor now because their biggest buyer is Europe, and Europe says "oya Mr putin we no want to dey buy your oil again. We go rather go buy from other country or develop new energy sources even if we suffer small in the short term".

So what happens in the long term is that Russia will burn of those excess crude and eventually shut down their supply chains to Europe costing them billions. To build new pipe line to China and India will take them years to achieve (that is if the Western companies with the construction expertise agree. Of course they won't agree cos of sanctions on doing business with Russia) and by the time Russia eventually succeed to build those pipelines, the world would have moved on from oil. International trade is all about buying and selling. Russia will need at least 100s of vessels to load crude oil daily enroute to China which take like 2 months to arrive china's shores. Which vessel company want to trade with Russia, and even if some do it underground the price is triple, plus they will be selling very cheap to China and India. So stop hyping Russia. Them they cry.

By the way, all their foreign reserves will be used to rebuild Ukraine . So pls which world power are you talking about? You think Russia is happy to shut off pipes to Europe? Na their money dey burn o. So with what money will Russia become a superpower? The Russia you think are smart are lowkey crying for the big mistake they have made.

you obviously dont understand that these plans have been in the works for decades and they have planned for it. yes they will take a drop in fortune but when the coast clears they emerge the new superpower and can dictate things. sometimes you have to move backwards to move forward if you want to win.

I am still beginning you na, stop thinking like this. This your way of thinking is how conspiracy theories begin. What you are saying now is mere speculation with no factual basis. But try to dey critically analyse your theory and it will help you a lot. Now looking at what you wrote now, some questions arise. Let's assume that Russia planned this for years, so in what currency have they been stashing money in advance of this problem they anticipated? Is it not in dollars? Abi na Rubbles them save the money ? So if they save it in dollars, where is the dollars now? Is it not in US banks? In other words Russia na mumu, because (according to you) they planned for this, yet they saved the money in dollars, nor be mumu be that. So my dear don't hype Russia, them go disappoint you o. There is no clear coast anywhere my guy, Russia will reset to pre cold War times. Plus they are corrupt like naija, you nor see the boot whey their soldiers dey wear go war? Na corrupt elites and military Generals dey steal their money and then stash them up in Europe. My guy relax

sukkot:
you obviously dont understand that these plans have been in the works for decades and they have planned for it. yes they will take a drop in fortune but when the coast clears they emerge the new superpower and can dictate things. sometimes you have to move backwards to move forward if you want to win.

Farid24224:


Wallai....With all the sanctions, propaganda and war again...

dude is strong and intelligent

AroleOduduwa2:


Its OK for the G7 to freeze Russian foreign reserves. You guys just come here to sprout nonsense. You sanctioned a country where your livelihood depends on and expect them to seat and do nothing.

Who is sprouting nonsense, the freeze is to discourage Russia aggression and bring them to the table, I have never been against Russia defending their interest ,especially in the area of security , is it when my nonsense starts to kill people in Europe during winter is that when everyone would beg Russia to come to the table.

LogicnReason:
I am still beginning you na, stop thinking like this. This your way of thinking is how conspiracy theories begin. What you are saying now is mere speculation with no factual basis. But try to dey critically analyse your theory and it will help you a lot. Now looking at what you wrote now, some questions arise. Let's assume that Russia planned this for years, so in what currency have they been stashing money in advance of this problem they anticipated? Is it not in dollars? Abi na Rubbles them save the money ? So if they save it in dollars, where is the dollars now? Is it not in US banks? In other words Russia na mumu, because (according to you) they planned for this, yet they saved the money in dollars, nor be mumu be that. So my dear don't hype Russia, them go disappoint you o. There is no clear coast anywhere my guy, Russia will reset to pre cold War times. Plus they are currput like naija, you nor see the boot whey their soldiers dey wear go war? Na corrupt elites and military Generals dey still their money and then stash them up in Europe. My guy relax

my guy, the whole global events is a conspiracy. everything is orchestrated. nothing is happenstance. all these events have been planned out decades before they happen. or do you think europe is stupid enough to be at the mercy of Russia in terms of gas supplies and will be provoking them ? the point here is all these are orchestrated events and ukraine is the ground zero and what the global elites are trying to do is shutdown europe and hand power over to china because they cant repay their debts and so get ready to speak chinese very soon lol, and so they will use russia to bring down europe and then china and russia will emerge the new superpower and major industries in europe would belong to the chinese. and that is the new world order. they are already starting to sell everything to china. read this link. and so my point here is believe half of what you see. all the elites are in this game together
https://www.stuff.co.nz/motoring/110843142/five-automotive-brands-now-owned-by-chinese-companies


another link for you https://www.independent.co.uk/news/business/news/chinese-takeover-of-rover-signals-end-of-britain-s-oncethriving-car-sector-534032.html

obedience4:


Seriously, please apart from his activism I don't know any thing about him, has he held a political office before?

buhari, obj & the rest who has held political offices be where ve they driven Nigeria too. As of to can Nigerian be compared to in standards of living to Morocco here, talkless of Rwanda?? Enough of the recycling, rebranding & repackaging of the same sets of backwards or to a standill today. Let a new & neutral person who is no part of their system try. I say we go with [url]#SoworeMagashi2023[/url]

Firstcitizen:


Lol. pretty obvious you live in Nigeria and don't know people clean out more than 3 grand monthly for the past 20 years as govt support. Lololol

The UK paid every single business a minimum of £10,000 grant (even hairdressers)and paid every private employee 40% of their wages for almost 2 years during the pandemic. Gave unsecured loans of £50k to all businesses that applied. Unsecured means if you cannot pay back no wahala. All you needed was to have a registered business and bank account. A process that takes less than 10 minutes.

Bro abroad no be Nigeria. They can weather the storm for 20 years

It's impossible now. There economy has been fanacialised that countries are now dumping thier currency. As they just print without any backings.

Really

pansophist:
EU leaders are so dumb, surpassing Buhari as the dumbest of all time. Until you come to terms with Russia's security needs, your arrogance will lead to your downfall. Putin got you by the balls.

What do you expect Russia to do? You're busy imposing sanctions, seizing their foreign reserves, supplying weapons to Ukraine, spreading propaganda all over mainstream news about bad Putin, and you expect him to be kind?

Right now there are discussions to ban Russians from going to the eu for tourism, and most EU countries have already limited the amount of visa issued to Russian citizens. You guys hate Russians.

Until the EU separate their foreign policy with that of Washington, they will keep getting dragged into American wars and sacrificed. Right now for the first time in decades, dollars have surpassed euros. Thanks to EU's foolishness.

How can they do that when Washington provides their security needs?

The Washington-Brussels dynamic is akin to a parent-kid dynamic. As long as you stay under my roof and eat food I buy, you'll live by my rules.

-Lord

bigpicture001:


Saudi is not a buyer but a seller.. so dey don't need Russian oil

If the Russian oil price cap stands, the G7 will use it as justification to cap OPEC+ prices next under presumptuous reasons.

-Lord

gnykelly:


It's impossible now. There economy has been fanacialised that countries are now dumping thier currency. As they just print without any backings.

Lol they have been paying benefits for generations and just increased it recently. In the UK being unemployed can rake you more money than being employed (in some cases)The money some European countries get bros no be here oh.Imagine stealing from continents for 400+ yrs. When dem print money dem go back am up with wetin dem dey steal from una now and till eternity.

Firstcitizen:


Lol they have been paying benefits for generations and just increased it recently. In the UK being unemployed can rake you more money than being employed (in some cases)The money some European get bros no be here oh.Imagine stealing from continents for 400+ yrs. When dem print money dem go back am up with wetin dem dey steal from una now and till eternity.

Do you live there?

LordAdam16:


If the Russian oil price cap stands, the G7 will use it as justification to cap OPEC+ prices next under presumptuous reasons.

-Lord

The G7 are the champions of a free. Market economy.. they can never do that

gnykelly:


Do you live there?

Yes

bigpicture001:


The G7 are the champions of a free. Market economy.. they can never do that

Only if the market favour them else nothing like free.
All Russia have to do is reduce her oil and gas production and watch how price will hit all time high as for sure Saudi will join Russia not because Saudi like Russia but Russia have giving many of them liver that whosoever own resources, controls everything.

Saudi Arabia caused many things like this Petrol-Dollar.

seunny4lif:

Only if the market favour them else nothing like free.
All Russia have to do is reduce her oil and gas production and watch how price will hit all time high as for sure Saudi will join Russia not because Saudi like Russia but Russia have giving many of them liver that whosoever own resources, controls everything.

Saudi Arabia caused many things like this Petrol-Dollar.

I love ur analysis cuz u haave a brain on ur head... U analyze like an economist...

See, Russia production is already aat an all time low.. and ready Europe buyz 65% of Russian oil... If they go that route.. Opec and. The US will increase production...

The US is the world's largest oil producer and not Russia or Saudi Arabia...

Saudi is the largest in OPEc.. ND Russia is second largest after. The US..

America kept thier s as reserve cuz they fear one day oil Wells will dry up as it did at Pennsylvania Wells....

So it will counter Russia actions

bigpicture001:


The G7 are the champions of a free. Market economy.. they can never do that

You are a comedian!

-Lord

My Brother, it doesn’t work like that oooh.
US need oil at above €70 for her oil productions to work, if you goes against OPEC then USA will suffer it.
Saudi and UAE are importing almost 1M barrels of Russia oil per day each and Oman announced last month they will be import Russia and Iran oil starting this Sept.
Of all the oil producers, Russia is the only country that have been since 2014, penned oil price on her economy at €30 per barrel as it costed Russia only €15 per barrel to produce oil and ship it outside while the rest need it at about €65 to gain.
Even Iran signed over €50B deal with Russia Gazprom because it’s easy for Russia more than anyone.
My own is why can’t our leaders take this massive advantage, Africa by now should have its own Banking system and interconnected good railway networks.

bigpicture001:


I love ur analysis cuz u haave a brain on ur head... U analyze like an economist...

See, Russia production is already aat an all time low.. and ready Europe buyz 65% of Russian oil... If they go that route.. Opec and. The US will increase production...

The US is the world's largest oil producer and not Russia or Saudi Arabia...

Saudi is the largest in OPEc.. ND Russia is second largest after. The US..

America kept thier s as reserve cuz they fear one day oil Wells will dry up as it did at Pennsylvania Wells....

So it will counter Russia actions