Bizibi:
SMH...... social media!

SMH...social adult!

Kukutenla:

Is the above rant why you don't know how to convert decimals to percentage (primary school education)?
Is the above nonsense why you don't know there's rate of depreciation?
After showing you the formula, you argued nonsenically, comparing depreciation rate with profit and loss analysis.
After that, you delved into whether percentage and decimals can be converted.
Your poor education is as clear as water.
As I told you, your insults can't hide you lack of intelligence. Mr ad hominem

Even a primary 3 child will teach you that percentages can also be in decimals. I guess you didn't know that when you said your 0.88 could never be a percentage.

Kukutenla:


An Internet rat and nonentity who can't convert decimals to percentage is here calling two of the most reputable media outlets in Nigeria stupid and lazy.
Oya Oga, show your workings and prove your claim of $91 average. At least both newspapers showed the average yearly revenue which makes it easy for anyone to verify their calculations and how they arrived at $61 using basic maths. So since you're smarter and more brilliant, show us your workings.
It's obvious to anyone following the conversation between you and I who is looking like an idiot. But since you've come out with a different claim from those of the papers, kindly show how you arrived at both $56 for APC and $91 for PDP

I'm busy right now. When I have time for your lazy ass I'll destroy you finally for everyone here to see with a simple primary school education on the mathematics topic "average". After that I'll stop responding to you because I find you completely ignorant. Hang on.

predictor1:
I'm busy right now. When I have time for your lazy ass I'll destroy you finally for everyone here to see with a simple primary school education on the mathematics topic "average". After that I'll stop responding to you because I find you completely ignorant. Hang on.

..... audio busy

3hrs no show

Someone that doesn't know percentage and decimals wants to do average

Lying ignoramus

predictor1:
Even a primary 3 child will teach you that percentages can also be in decimals. I guess you didn't know that when you said your 0.88 could never be a percentage.

a pry 3 child knows sign for percentage is %. Where you don't see the sign, it means the value is not in percentage.

Olodo. You're a disgrace and a monumental shame on Nigerian education

Kukutenla:
a pry 3 child knows sign for percentage is %. Where you don't see the sign, it means the value is not in percentage.

Olodo. You're a disgrace and a monumental shame on Nigerian education

Ode, are you denying you said the rate of depreciation was always a percentage? Didinrin later tried to convert percentage back to percentage.

predictor1:
Ode, are you denying you said the rate of depreciation was always a percentage? Didinrin later tried to convert percentage back to percentage.

You're still here mouthing this harebrained rubbish
You think I'm an illiterate like you that doesn't know when you write a percentage, you put the % sign.
Go school you go under bridge dey collect return
Where's your analysis? It's over 5hrs!!

Kukutenla:

You're still here mouthing this harebrained rubbish
You think I'm an illiterate like you that doesn't know when you write a percentage, you put the % sign.
Go school you go under bridge dey collect return
Where's your analysis? It's over 5hrs!!

Olodo. Do you want me to put up again where you said the figure you got was a percentage?

Kukutenla:
a pry 3 child knows sign for percentage is %. Where you don't see the sign, it means the value is not in percentage.

Olodo. You're a disgrace and a monumental shame on Nigerian education

Did you or did you not say the rate of depreciation was always a percentage? Can you put a curse on yourself that you never said so?

Kukutenla:

..... audio busy

3hrs no show

Someone that doesn't know percentage and decimals wants to do average

Lying ignoramus

So by your own admission decimal is harder for you than solving questions on average.
Obviously you can't handle either.
Ok. Let me kill you once and for all. If you had any shame you would keep quiet henceforth but if you didn't you would keep on talking. That's how we would know you are shameless.


Average oil prices per year

PDP years


2000=. $30
2001=. $26
2002=. $26
2003= $31
2004=. $42
2005=. $57
2006=. $66
2007=. $72
2008=. $100
2009=. $62
2010=. $80
2011=. $95
2012=. $113
2013=. $98
2014=. $93
2015= $49

Average= 1040÷16 years= $65

APC years.


2016= $43
2017= $51
2018= $63
2019= $57
2020= $40
2021= $65
2022= $95
2023= $78
Sum= $497

Average for Apc years= $492÷ 8= $62

So who had a better deal between PDP and APC? We've not even factored in barrels per day under both parties. On oil prices alone PDP had a better deal and Jonathan's regime had the best deal of all with an average of $90 which obviously his successor referred to.

LegendHero:

Below is the oil price chart. Looking at the trend alone, you will see that it fell in 2020 to that amount as reported by CNN. Yes, in 1999, it was also at that $24 and it rose from that point to a massive $109 at some point in 2012. Check the data, do you see that PDP deserve a curse for squandering all those huge revenues they generated?


I don't need a report to understand the $ value of crude oil revenue when it is an open information. Looking at the chart below, repeat the jargons about APC generating more than PDP again, let me hear. When you factor crude revenue, you will factor both crude price and the output per year to get the true picture.

Lol PDP prudent, e no go better for PDP. Even the crude oil output during PDP was so massive and at some point doing over 2million bpd steady coupled with that ridiculous price average, what did that useless party do with the money? Where are the infrastructure and where is the production?

See the 2015 average when Buhari took over, tat is $49
https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

On average PDP generated more even without considering oil output. I just showed the fool.

predictor1:
Did you or did you not say the rate of depreciation was always a percentage? Can you put a curse on yourself that you never said so?

Just tell me the school you attended where they taught you that 0.88=0.88%

You're daft no cap

predictor1:
Olodo. Do you want me to put up again where you said the figure you got was a percentage?

You're just a dull asswipe

So because I said that now implies that 0.88=0.88% abi

It's obvious you're a dullard

predictor1:
So by your own admission decimal is harder for you than solving questions on average.
Obviously you can't handle either.
Ok. Let me kill you once and for all. If you had any shame you would keep quiet henceforth but if you didn't you would keep on talking. That's how we would know you are shameless.


Average oil prices per year

PDP years


2000=. $30
2001=. $26
2002=. $26
2003= $31
2004=. $42
2005=. $57
2006=. $66
2007=. $72
2008=. $100
2009=. $62
2010=. $80
2011=. $95
2012=. $113
2013=. $98
2014=. $93
2015= $49

Average= 1040÷16 years= $65

APC years.


2016= $43
2017= $51
2018= $63
2019= $57
2020= $40
2021= $65
2022= $95
2023= $78
Sum= $497

Average for Apc years= $492÷ 8= $62

So who had a better deal between PDP and APC? We've not even factored in barrels per day under both parties. On oil prices alone PDP had a better deal and Jonathan's regime had the best deal of all with an average of $90 which obviously his successor referred to.

To show that you're mentally retarded. This was your claim

predictor1:
Your laziness is a curse.
On average, everyone except monkeys like you, know that PDP earned on average more than APC. Are you saying a semi illiterate like Buhari is smarter than a young purportedly educated Nigerian? Buhari was closer to the mark when he said during PDP years oil prices was $100 on average. It's actually $91! So he was close. The stupid newspapers you quoted didn't do the average. Lazy like you their reader.

For the apc years so far, the average is $56 ! So who earned more. Abi you need me to show you the calculations so that I can humiliate you once more?

https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
You can look for the years and the average oil prices on that site. It's tiresome arguing with you. You are an ass. Apology to asses.

And some of your figures are even wrong even from the macrotrends website yet you couldn't prove your $91 for PDP and $56 for APC.

You see that you're a nutcase now? LegendHero should come and see one of his fellow dumbasses that they support APC together

Kukutenla:


To show that you're mentally retarded. This was your claim

And some of your figures are even wrong even from the macrotrends website yet you couldn't prove your $91 for PDP and $56 for APC.

You see that you're a nutcase now? LegendHero should come and see one of his fellow dumbasses that they support APC together

I have even forgotten I am arguing with someone online because your IQ is somehow low and you're trying to use mathematical jargons to portray yourself as up to par..

Now let us get straight to it. Below is the crude oil production and price from CBN Source from 2006 to 2024. You can download the Excel too.
https://www.cbn.gov.ng/rates/crudeoil.asp?year=2024

I did a quick Excel pivot chart on the CBN data and below are the figures. I added APC and PDP based on the years and I assume APC started in June 2015.

—From 2006 to 2015, PDP got $23,034m
—From 2015 to 2024, APC got $10,986m

You can see I haven't even added PDP from 1999 to 2006 to the figures. It is only someone that is doomb that will believe APC earned more than PDP because a nonsense Nigeria newspaper that can't do research say so.

Sometimes, I take my mind off petty argument on Nairaland. I argue for few thread and I am done. But from those I have been arguing with, you tend to have the lowest IQ.

predictor1 just wasting his time arguing with you since yesterday from the thread.

Kukutenla:

More facts from the CBN data.

--Below is the average crude oil price for the two party for those period. Can you compare PDP $90 with APC's $66 even with the limited data?.

Kukutenla:

I am not done with you yet.

From CBN data, let me give you the metrics.

—Using PDP 2006-2015 (9years)
—Using APC 2015-2024 (9 years)

—On average, PDP earned over 109% more of what APC earned on the crude production number alone.

—On average, PDP earned over 133% more of what APC earned on crude oil exports for that time period.

predictor1:
On average PDP generated more even without considering oil output. I just showed the fool.

You’re right.

Just that how I approach Nairaland argument is from the matured side. When I speak my fact and someone keeps writing epistle to oppose a self evident truth, I just lock up and face other life stuffs.

How do I continue to argue with someone saying 2+2 <> 4. Then use mathematical jargons to tell us know it wasn’t 2. If na you, shey you go continue arguing with that kind person?

Kukutenla is just a PDP/LP supporter who is not bold enough to own up to his party and biases. But he hypocritically accuse people like us that are bold to identify with one party ideology as being a paid hand.

lol, how much APC wan pay me? How important am I for Tinubu to pay me over $100k annually for defending him on Nairaland?

[url][/url]

LegendHero:


I have even forgotten I am arguing with someone online because your IQ is somehow low and you're trying to use mathematical figure to comprehend.

Now let us get straight to it. Below is the crude oil production and price from CBN Source from 2006 to 2024. You can download the Excel too.
https://www.cbn.gov.ng/rates/crudeoil.asp?year=2024

I did a quick Excel pivot chart on the CBN data and below are the figures. I added APC and PDP based on the years and I assume APC started in June 2015.

—From 2006 to 2015, PDP got $23,034m
—From 2015 to 2024, APC got $10,986m

You can see I haven't even added PDP from 1999 to 2006 to the figures. It is only someone that is doomb that will believe APC earned more than PDP because a nonsense Nigeria newspaper that can't do research say so.

Sometimes, I take my mind off petty argument on Nairaland. I argue for few thread and I am done. But from those I have been arguing with, you tend to have the lowest IQ.

predictor1 just wasting his time arguing with you since yesterday from the thread.

It is obvious that you're not a smart person. So you went and picked 2006 to 2015 for PDP and ignored the 1999 to 2005. That sounds reasonable to you right?
And I can see in your calculations you used crude oil produced to multiply price per barrel when it's obvious from the data that not all crude produced was exported.
What is being debated is oil price on the average because that determines who got more favourable oil price to work with. It is not PDP's fault if APC cannot meet their oil output. That's part of what is expected of a govt to control. Even your Tinubu has been claiming to want to increase oil output to 3mbpd.
So it is simply dumb of you to cherrypick years to calculate for. PDP worked with oil price below $30 for the first four years. APC has never had oil price go that low yet they make the most noise.
Then they gather bigots like you to come and make ethnic bigotry the centrepiece of national discourse.
Another thing is how crude oil theft/ bunkering became a thing under APC. I'm sure you won't ask yourself who are the beneficiaries of that to the detriment of the country and how that will affect official output under APC.

LegendHero:


I am not done with you yet.

From CBN data, let me give you the metrics.

—Using PDP 2006-2015 (9years)
—Using APC 2015-2024 (9 years)

—On average, PDP earned over 109% more of what APC earned on the crude production number alone.

—On average, PDP earned over 133% more of what APC earned on crude oil exports for that time period.

So whose fault is that? If a govt can ramp up production and another cannot but leaves the oil for their party members to steal and bunker, whose fault is that?
It seems you don't even know jack. Crude output is a factor under the control of the govt. If the govt doesn't have the wherewithal to ensure crude production, then it can't blame anyone for its own misfortune.

LegendHero:


You’re right.

Just that how I approach Nairaland argument is from the matured side. When I speak my fact and someone keeps writing epistle to oppose a self evident truth, I just lock up and face other life stuffs.

How do I continue to argue with someone saying 2+2 <> 4. Then use mathematical jargons to tell us know it wasn’t 2. If na you, shey you go continue arguing with that kind person?

is just a PDP/LP supporter who is not bold enough to own up to his party and biases. But he hypocritically accuse people like us that are bold to identify with one party ideology as being a paid hand.

lol, how much APC wan pay me? How important am I for Tinubu to pay me over $100k annually for defending him on Nairaland?

You're not speaking any facts. Why did Nigeria not accumulate more debt or wreck the CBN in Obasanjo's first term of 1999 to 2003 when crude price was below $30?
That's why the average crude price per party is important because it shows how much income each party got per oil produced in the years they were in office. PDP did not fare better than APC. Your data is cherrypicked. You simply picked the lowest point for APC which is 2015 to 2020 and compared with the highest point for PDP which is 2009-2014. That's fraudulent again as you did before. Why ignore the years of low oil price of PDP?
And let me ask what party ideology you identify in APC ethnic and religious bigotry abi

LegendHero:


More facts from the CBN data.

--Below is the average crude oil price for the two party for those period. Can you compare PDP $90 with APC's $66 even with the limited data?.

Oh so you're back to average crude price now?
Why start from 2006 though?
Why not from 1999?
When you wanted to calculate exchange rate with your fake maths, you had no problem starting from 1999 because it suits you.
Your brother predictor1 has already done the average from 1999. Go and check and see if there's any much difference between the two of them instead of this your crooked statistics

Kukutenla:
[url][/url]
It is obvious that you're not a smart person. So you went and picked 2006 to 2015 for PDP and ignored the 1999 to 2005. That sounds reasonable to you right?

I picked 2006 to 2024 because that is the data provided on CBN website. If they had provided 1999 to 2005, I would have included it. Sorry that I initially thought you are smart because shouldn't you even be happy that we only had 2006 to 2015 for PDP? If I had included 1999 to 2015 overall data, won't that have supported my argument and show PDP got way way more during their period than current APC contrary to what you initially opined?

And I can see in your calculations you used crude oil produced to multiply price per barrel when it's obvious from the data that not all crude produced was exported.

Yes, they have both production and actual exports. In the other mention, I already told you PDP earned over 130%+ in export than what APC earned. The export earning is even more compared to only production earnings. You know they also sell locally too.

What is being debated is oil price on the average because that determines who got more favourable oil price to work with. It is not PDP's fault if APC cannot meet their oil output. That's part of what is expected of a govt to control. Even your Tinubu has been claiming to want to increase oil output to 3mbpd.

You are a liar. What is being debated is that who earns more between PDP and APC. That was my argument earlier because I said when you want to include all economical indices, you have to look it as a whole. Mind you, even on average, PDP sold more crude oil average than APC. It is in that CBN data, you can use Excel to analyze it yourself or use python to tabulate the charts.

So it is simply dumb of you to cherrypick years to calculate for. PDP worked with oil price below $30 for the first four years. APC has never had oil price go that low yet they make the most noise.

You are saying nonsense here. You need to always work with average when presenting data like this. You can claim PDP sold for $30, but what about the highs of PDP over $100 consistently? Don't you think we can bring that argument too? That is why you work with average.

Then they gather bigots like you to come and make ethnic bigotry the centrepiece of national discourse.
Another thing is how crude oil theft/ bunkering became a thing under APC. I'm sure you won't ask yourself who are the beneficiaries of that to the detriment of the country and how that will affect official output under APC.

Lol, emotional blackmail again. Where is my bigotry in our arguments? Do you even understand the meaning of "bigot"? You better go and cuddle your other half so you can at least be in a better state of mind because you have started saying jargons.

Kukutenla:

So whose fault is that? If a govt can ramp up production and another cannot but leaves the oil for their party members to steal and bunker, whose fault is that?
It seems you don't even know jack. Crude output is a factor under the control of the govt. If the govt doesn't have the wherewithal to ensure crude production, then it can't blame anyone for its own misfortune.

I am not here to direct fault at anyone. i don't care whose fault it was, what I just know is that PDP earned way far more than APC and they had all the arsenal to defend the naira better. That was the damnn argument on this thread.

If you want to argue about crude output and the politics of oil bunkering that decreases our output, we can open another thread. Stop diverting.

Kukutenla:

Oh so you're back to average crude price now?
Why start from 2006 though?
Why not from 1999?
When you wanted to calculate exchange rate with your fake maths, you had no problem starting from 1999 because it suits you.
Your brother predictor1 has already done the average from 1999. Go and check and see if there's any much difference between the two of them instead of this your crooked statistics

I just gave you all the metrics. Both average, whole, and etc.

Again, I started in 2006 because that was the data available on CBN website. I don't want to be like that dummy newspaper guy who don't have fact at hand but instead said lot of statistical jargons to deny Buhari assertions.

So I used CBN official source so you won't question my statistics.

From the data predictor1 did, if you have any statistical brain, it is evident that PDP had the highest average. What exactly is wrong with you? What are we even arguing when the same chart from him clearly reveal PDP earned more on average and had more average selling price?

You need to calm down, listen, admit your wrongs, and argue like a sound mind.

LegendHero:

I picked 2006 to 2024 because that is the data provided on CBN website. If they had provided 1999 to 2005, I would have included it. Sorry that I initially thought you are smart because shouldn't you even be happy that we only had 2006 to 2015 for PDP? If I had included 1999 to 2015 overall data, won't that have supported my argument and show PDP got way way more during their period than current APC contrary to what you initially opined?


Yes, they have both production and actual exports. In the other mention, I already told you PDP earned over 130%+ in export than what APC earned. The export earning is even more compared to only production earnings. You know they also sell locally too.


You are a liar. What is being debated is that who earns more between PDP and APC. That was my argument earlier because I said when you want to include all economical indices, you have to look it as a whole. Mind you, even on average, PDP sold more crude oil average than APC. It is in that CBN data, you can use Excel to analyze it yourself or use python to tabulate the charts.


You are saying nonsense here. You need to always work with average when presenting data like this. You can claim PDP sold for $30, but what about the highs of PDP over $100 consistently? Don't you think we can bring that argument too? That is why you work with average.


Lol, emotional blackmail again. Where is my bigotry in our arguments? Do you even understand the meaning of "bigot"? You better go and cuddle your other half so you can at least be in a better state of mind because you have started saying jargons.

Any researcher knows you can't work with incomplete data and claim to have reached a sound conclusion. 1999-2005 were the worst years under PDP with respect to oil price. 2015-2021 have been the worst years for APCwere oil price is concerned. So it makes no sense to compare PDP's best years with APC's worst years and claim PDP got a better deal. Again, we have to use average because PDP have been in the saddle for 16 years and APC 9. So if we're following trends, APC have had better oil prices.
1999=$19
2000=$30
2001=$25
2002=$26
2003=$31
Above is the first four years of PDP average oil price
For APC
2015=$48
2016=$43
2017=$50
2018=$65
2019=$56
That's from your macrotrends website and it tallies well with what the two newspapers reported. From the above, it's obvious who had better oil price than the other in their first four years and the trend has largely remained the same. So don't go and hide under CBN started from 2006. CBN is not the only source of data and as a matter of fact, CBN data can't be more correct than that of NNPCL or NBS. I'm just putting that out for you to know.

NNPCL does not sell locally. The difference you're seeing between production and actual exports is usually because of supply to refineries and those used to settle outstanding supplies agreement and of course lately under APC, theft. Who is NNPCL seeking crude to locally? So your claim that PDP earned 130%+ than APC is a lie because the oil price has favored APC more year to year than it did PDP. What you're banking on is production volume and we know the more corrupt a govt is, the less production. So you can't blame anyone for that other than the party you support.

What is being debated is who got favourable oil price. That's what buhari claimed and he was busted. You can see the papers did not delve into crude production and export because that is a function of transparency and efficiency of the govt. They can even claim to have exported only 1.5m. Who will argue with them. All the talk of crude theft under APC started the moment oil price climbed above $70.

Yes and with the average, even your friend predictor1 calculated $65 for PDP and $62 for APC. Mind you, PDP have longer spread of 16 years compared to APC of 9 years.

LegendHero:


I am not here to direct fault at anyone. i don't care whose fault it was, what I just know is that PDP earned way far more than APC and they had all the arsenal to defend the naira better. That was the damnn argument on this thread.

If you want to argue about crude output and the politics of oil bunkering that decreases our output, we can open another thread. Stop diverting.

You have to care. You can't claim PDP had more arsenal as if it's simply a game of chance. It's not. PDP managed Nigeria's oil output better but they never had better oil price. Mind you, I hope you know that under the PSC they had with the IOCs, APC have actually reduced the sharing formula so as to increase their revenue from oil. It's one of the reason for divestment by IOCs from Nigeria because Angola has better. So again, whose fault is that going to be? Chance abi?
You can't start from 2006 and claim they've had better. Let's do head to head.
1999 to 2008 first 9 years of PDP. 2015 to 2024 first 9 years of APC. That's how to compare data. Not this rubbish you're doing. Anything outside that is to use average oil price which is even more transparent and the average oil price shows that PDP are not better off than APC.

LegendHero:


I just gave you all the metrics. Both average, whole, and etc.

Again, I started in 2006 because that was the data available on CBN website. I don't want to be like that dummy newspaper guy who don't have fact at hand but instead said lot of statistical jargons to deny Buhari assertions.

So I used CBN official source so you won't question my statistics.

From the data did, if you have any statistical brain, it is evident that PDP had the highest average. What exactly is wrong with you? What are we even arguing when the same chart from him clearly reveal PDP earned more on average and had more average selling price?

You need to calm down, listen, admit your wrongs, and argue like a sound mind.

Again, you got it wrong. You're the one bringing oil output into the argument and I'm telling you that's a wrong premise because the govt can't claim to not meet OPEC quota and you'll accept it as valid. It's common sense. The determinant that's outside govt control is the oil price not output. Output which you inserted is under govt control. It is the oil price that the fluctuations is not under govt control. Buhari's claim which is what you their vuvuzela have been parroting is that PDP got more favourable oil price of $100 per barrel. If he brings in production he'll have to answer for that as minister of petroleum.
Again 65 over 16 years and 62 over 9 years is nothing to gloat about. They've had basically almost equal price.

Kukutenla:

Any researcher knows you can't work with incomplete data and claim to have reached a sound conclusion. 1999-2005 were the worst years under PDP with respect to oil price. 2015-2021 have been the worst years for APCwere oil price is concerned. So it makes no sense to compare PDP's best years with APC's worst years and claim PDP got a better deal.

You are wrong, during 1999 to 2006, Nigeria exported an average of 2m barrels per day for all those period. Below is my data source from actual OPEC report. You will find it on page 37 of the document. If you multiple that by the price you gave, PDP earn far more in their lows days than what APC earned.

By the way, you said it won't be fair to compare PDP best years with APC worst years because of the time difference between 16 & 9. Then why are you all not patient till when APC will reach 16 years in power to know if they are actually far better than PDP? What if Buhari period is the lowest of the low in performance APC can get?

https://www.opec.org/opec_web/static_files_project/media/downloads/publications/ASB2006.pdf

Again, we have to use average because PDP have been in the saddle for 16 years and APC 9. So if we're following trends, APC have had better oil prices.
1999=$19
2000=$30
2001=$25
2002=$26
2003=$31
Above is the first four years of PDP average oil price
For APC
2015=$48
2016=$43
2017=$50
2018=$65
2019=$56
That's from your macrotrends website and it tallies well with what the two newspapers reported. From the above, it's obvious who had better oil price than the other in their first four years and the trend has largely remained the same. So don't go and hide under CBN started from 2006. CBN is not the only source of data and as a matter of fact, CBN data can't be more correct than that of NNPCL or NBS. I'm just putting that out for you to know.

Don't be a doommy like the newspaper guy. What you first need to deduce from this statistics is "What is the $$ revenue from all this"? In all data on earth, PDP earned way more than APC earned. Stop mentioning first 4 years, what should I do with that? How does that help our revenue argument? So we can't trust CBN data? You are even more weird that I thought.

[b]NNPCL does not sell locally. T[/b]he difference you're seeing between production and actual exports is usually because of supply to refineries and those used to settle outstanding supplies agreement and of course lately under APC, theft. Who is NNPCL seeking crude to locally? So your claim that PDP earned 130%+ than APC is a lie because the oil price has favored APC more year to year than it did PDP. What you're banking on is production volume and we know the more corrupt a govt is, the less production. So you can't blame anyone for that other than the party you support.

@the bolded, it's clear I have been speaking to a primary 2 kid. NNPC usually allocate crude for local refining. So those that are refined locally according to them, will they not sell it and earn from it? Even if they use it to settle supply agreement like you mentioned, won't that also have a dollar value? Even till today, NNPC still allocates to local refinery like that one in Edo.

Check this report, you will see the local allocation for refining in 2007.
https://www.cbn.gov.ng/OUT/PUBLICATIONS/REPORTS/RD/2007/MAIN%20REPORT-4.PDF

What is being debated is who got favourable oil price. That's what buhari claimed and he was busted. You can see the papers did not delve into crude production and export because that is a function of transparency and efficiency of the govt. They can even claim to have exported only 1.5m. Who will argue with them. All the talk of crude theft under APC started the moment oil price climbed above $70.

Yes and with the average, even your friend predictor1 calculated $65 for PDP and $62 for APC. Mind you, PDP have longer spread of 16 years compared to APC of 9 years.

Even who got favorable oil price, it is still PDP. Have I been typing wrongly since? Did PDP not get favorable oil price than APC? By the way, what is the intent of Buhari for comparing PDP& APC? Was it not because of the revenue and what they did with it? So why won't you factor in the crude output and revenue?

Kukutenla:

You have to care. You can't claim PDP had more arsenal as if it's simply a game of chance. It's not. PDP managed Nigeria's oil output better but they never had better oil price. Mind you, I hope you know that under the PSC they had with the IOCs, APC have actually reduced the sharing formula so as to increase their revenue from oil. It's one of the reason for divestment by IOCs from Nigeria because Angola has better. So again, whose fault is that going to be? Chance abi?
You can't start from 2006 and claim they've had better. Let's do head to head.
1999 to 2008 first 9 years of PDP. 2015 to 2024 first 9 years of APC. That's how to compare data. Not this rubbish you're doing. Anything outside that is to use average oil price which is even more transparent and the average oil price shows that PDP are not better off than APC.

Like I said, I am not here to argue who did better in terms of oil production, what I am arguing is who had the most revenue during their stay because that is important to be able to adequately defend the naira since Nigeria earn majorly from crude exports.

If you want to debate the crude oil production and how PDP perform better, you can open a new thread.

You are just going around in circles, now you are back to square one. I presented multiple data sources and even gave you a pivot chart to prove my point, but it was you sharing a jargons from an dommmy newspaper guy that is right and I legendhero is the one saying rubbish?

At this point, it is as if I am arguing with someone intentionally acting a dummy. It's 1:29 am here. Signing out.

LegendHero:


I just gave you all the metrics. Both average, whole, and etc.

Again, I started in 2006 because that was the data available on CBN website. I don't want to be like that dummy newspaper guy who don't have fact at hand but instead said lot of statistical jargons to deny Buhari assertions.

So I used CBN official source so you won't question my statistics.

From the data predictor1 did, if you have any statistical brain, it is evident that PDP had the highest average. What exactly is wrong with you? What are we even arguing when the same chart from him clearly reveal PDP earned more on average and had more average selling price?

You need to calm down, listen, admit your wrongs, and argue like a sound mind.

He's arguing against facts?

Kukutenla:


Just tell me the school you attended where they taught you that 0.88=0.88%

You're daft no cap

Idiot

[quote author=Kukutenla post=129426971]

Depreciation as the name implies comes with a negative
sign. But rate of Depreciation is always [b]a percentage at
which you ignore the negative[/b]. Or have you ever heard of
negative percentage?

You calculated 0.88 as your rate of depreciation and claimed the bolded. Weyrey when caught pants down quickly multiplied a decimal percentage by 100 again , not knowing the decimal was alreadya percentage. Olodo.