Kukutenla:

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

You didn't imply it. You declared it was a percentage. Do you mind putting up your formular again to prove me wrong?

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

You are splitting hair, monkey. The claim from legendhero and generadae was that pdp had better oil prices on average than apc, in some cases an average around $100 for certain years. You said it wasn't so. These calculations proves again that you are nothing but a pretentious idiot. If you had any shame you will curl your tail between your legs and run.

Under Jonathan he had an average of $88 for his six years. Is that not close to $91 enough?

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?

Even PDP never disputed they got more. Yet the currency plummeted more under them.

LegendHero:

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.

He's not that learned obviously.

LegendHero:

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.

Someone who doesn't know a percentage can be in decimal form can not understand the principle of average.

LegendHero:

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.

@ first bolded , his grasp of English language is shaky.


@ second bolded, good advice.

Kukutenla:

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.

A $3 differential is nothing to gloat about? That's on each BPD for about 7 years! You are truly a monkey.

Kukutenla:


What is being debated is who got favourable oil price. That's what buhari claimed and he was busted.

No, he wasn't busted on that. Buhari was right the paper was wrong. Or are you ready to say pdp got less?

Kukutenla:

You can see the papers did not delve into crude production and exports.
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.

The bolded is the reason we calculate averages. Just divide by the number of years available for each. So what do you mean by someone had a longer spread. Mtchew. For all intents and purposes, you are stupid.

predictor1:
You are splitting hair, monkey. The claim from legendhero and generadae was that pdp had better oil prices on average than apc, in some cases an average around $100 for certain years. You said it wasn't so. These calculations proves again that you are nothing but a pretentious idiot. If you had any shame you will curl your tail between your legs and run.

Under Jonathan he had an average of $88 for his six years. Is that not close to $91 enough?

Don’t mind the guy. He was probably bored and trolling people because how can he consistently argue against logic for almost 3 days.

predictor1:
Idiot

You're really daft. This is the formula: ((current value-previous value)/current value)×100
Input the values and show me if you'll get 0.88%.
You're simply dull. Run the calculations yourself and stop exposing your mental laziness

LegendHero:

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.

Again, you're still cherry picking. Oil production is within the control of each govt. It is oil price that's out of their control. If you don't understand that basic fact, there's nothing you can understand. It is the same oilfield that are available to both parties. So if one poorly manages the oilfield, it is not the other's business. In SWOT analysis, you mitigate for OT but focus on SW that's within your control. It's a basic fact in managerial science.
If you're going to account for low oil production under APC as an excuse, one can also point to the debt pay off under PDP which was worth over $12bn. You will also have to factor in the fact that PDP left over $2bn in their excess crude account and SWF of $2.5bn. If you add all those together, that's over $15bn that APC can be said to have gained from PDP's crude oil sales. Yet, they crashed the naira by a nominal value of over 500%!! Remove that from PDP's crude oil revenue and you see that APC even gained more from PDP.
So what's your point again?

Again, the reason why the newspapers focused on oil price is because that's the only veritable excuse a govt can have since it's out of their control and also easily verified. Oil production is not easily verified and is totally under the control of the govt.

If you can't understand these basic facts, then you don't understand anything

predictor1:
No, he wasn't busted on that. Buhari was right the paper was wrong. Or are you ready to say pdp got less?
The bolded is the reason we calculate averages. Just divide by the number of years available for each. So what do you mean by someone had a longer spread. Mtchew. For all intents and purposes, you are stupid.

You're a dimwit. APC and PDP have almost equal oil price. Your did the calculations yourself and your earlier projection came out wrong and your brother had to run to crude oil sales to save face and you still have the nerve to write senseless drivel.
You must be a swaddling troglodyte

LegendHero:

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



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.


@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



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?

You're not enlightened.
Go and check NEITI report about transparency in Nigeria's oil sector. It is one of the most opaque in the world.

The fact that they have not spent equal number of years is why average comes in handy. For example, if by the end of this year, Nigeria starts to produce 3m barrels as proposed by Tinubu and with the present oil price and outlook, APC will have almost double of the revenue PDP had at 16 years. If that happens, are we going to say APC fared better than PDP simply because they were able to increase oil output?

The fact is the average oil price shows the revenue per barrel. One can claim to outdo the other in sales. It's neither here nor there.

Again, nnpc does not sell crude to the refineries. It is given to them freely for local consumption. It is just like the 90k barrel used as collateral for Afrexim loan. It will not reflect on nnpc books because it's an allocation for the Gazelle group.

If you don't have the full data, you can't be making conclusions. That's what the first four years is for. That's how to do statistics and not your fraudulent method of starting from 2006.

65 and 62 is not much in terms of difference. You claim to be a student of engineering. Is an error margin of +/-3 a big thing?

My point which is clear and which the different news outlets agree with is that Nigeria's crude oil price on average is not much difference between PDP and APC years.

Any other thing is total nonsense. No one is going to increase your crude volume for you. APC are just proving to be lazy and full of excuses.

Kukutenla:

Again, nnpc does not sell crude to the refineries. It is given to them freely for local consumption. It is just like the 90k barrel used as collateral for Afrexim loan. It will not reflect on nnpc books because it's an allocation for the Gazelle group.

At this point, I am not arguing PDP generated more revenue than APC with you again. That argument has already been resolved with the data I presented. So you either accept the self evident truth or find one of your neighbor to continue the nonsense argument with. I have better things to waste time on.

For the above, NNPC sells to local refiners, stop saying rubbish on the internet.

How can you even imagine NNPC will give it to them freely? Do you even think at all?

Read the below and cure your nonsense ignorance.

https://businessday.ng/energy/oilandgas/article/local-refiners-now-buy-crude-in-naira-at-cbn-dollar-rate/?amp=1

LegendHero:


At this point, I am not arguing PDP generated more revenue than APC with you again. That argument has already been resolved with the data I presented. So you either accept the self evident truth or find one of your neighbor to continue the nonsense argument with. I have better things to waste time on.

For the above, NNPC sells to local refiners, stop saying rubbish on the internet.

How can you even imagine NNPC will give it to them freely? Do you even think at all?

Read the below and cure your nonsense ignorance.

https://businessday.ng/energy/oilandgas/article/local-refiners-now-buy-crude-in-naira-at-cbn-dollar-rate/?amp=1

Exactly. Stop making silly arguments because each party is responsible for how much oil is produced under them. The variable they don't control is the crude oil price. If all you want to do is make excuses for APC's failure, I'll be happy to oblige you.
It's obvious you enjoy being confused. How many modular refineries do we have and how many are operational. The largest refineries are govt owned with over 400k capacity. The modular refineries even from your link have combined capacity of 30k. Besides, as at 2006, there were no private refineries in Nigeria. The first one was commissioned in 2013 and I'm sure it was not fully operational then. As a matter of fact, it started operations last year.
Govt refineries get free crude. And they get it periodically. That's a fact and it's their volume that can account for that differential in your unreliable data and not some measly 30k refineries that hardly operate. That Edo refinery you brandished has just 6k capacity. Is that the refinery that accounts for a differential of almost 500k between produced and export?

Kukutenla:

Exactly. Stop making silly arguments because each party is responsible for how much oil is produced under them. The variable they don't control is the crude oil price. If all you want to do is make excuses for APC's failure, I'll be happy to oblige you.
It's obvious you enjoy being confused. How many modular refineries do we have and how many are operational. The largest refineries are govt owned with over 400k capacity. The modular refineries even from your link have combined capacity of 30k. Besides, as at 2006, there were no private refineries in Nigeria. The first one was commissioned in 2013 and I'm sure it was not fully operational then. As a matter of fact, it started operations last year.
Govt refineries get free crude. And they get it periodically. That's a fact and it's their volume that can account for that differential in your unreliable data and not some measly 30k refineries that hardly operate. That Edo refinery you brandished has just 6k capacity. Is that the refinery that accounts for a differential of almost 500k between produced and export?

It’s now evident you’re just trolling.

—This is your premise: Nigeria NNPC do not sell crude to local refiners.

—I showed you evidence showing they do sell the crude.

—Now your baby self is crying that it’s only 30k or 2k barrels, how is that my freaking business?

—So if no Nigeria crude refiners can refine, who are NNPC gifting the oil to then? Are they using it to fry akara?

You can see I no dey take you serious again, you’re still a child.

LegendHero:


It’s now evident you’re just trolling.

—This is your premise: Nigeria NNPC do not sell crude to local refiners.

—I showed you evidence showing they do sell the crude.

—Now your baby self is crying that it’s only 30k or 2k barrels, how is that my freaking business?

—So if no Nigeria crude refiners can refine, who are NNPC gifting the oil to then? Are they using it to fry akara?

You can see I no dey take you serious again, you’re still a child.

It's obvious you and that guy have problem of comprehension. Go and read what I wrote well.

I wrote refineries not local refiners
I'm referring to NNPC's refineries that get statutory allocation from NNPC crude.

Together, they have capacity of 450k.

Compare that with your local private refiners whom you're referring to with combined capacity of less than 30k and it'll be clear who is saying rubbish.

Go and check the margins of the records you posted yourself and see if the amount not recorded for export is 30k never mind that there were no private local refiners until very recently.

Always learn to understand issues and context appropriately.

Kukutenla:

It's obvious you and that guy have problem of comprehension. Go and read what I wrote well.

I wrote refineries not local refiners
I'm referring to NNPC's refineries that get statutory allocation from NNPC crude.

Together, they have capacity of 450k.

Compare that with your local private refiners whom you're referring to with combined capacity of less than 30k and it'll be clear who is saying rubbish.

Go and check the margins of the records you posted yourself and see if the amount not recorded for export is 30k never mind that there were no private local refiners until very recently.

Always learn to understand issues and context appropriately.

I wrote local refiners in my mention to you and I even mentioned Edo refinery in it.

Even in your JAMB question on your post, you asked “ Who is NNPC seeking crude to locally?”. That’s when your brain is playing pranks on you because your brain can’t understand that NNPC do sell crude to local refiners.

Dead this argument, you are talking jargons all through. Note that I am not arguing with you again, because you have lost the right to that from me.

I am just scolding you like a child now. So you either pay attention and listen or continue this path of fighting against logic.

Kukutenla:

You're really daft. This is the formula: (current value-previous value)/100
Input the values and show me if you'll get 0.88%.
You're simply dull. Run the calculations yourself and stop exposing your mental laziness

So this idiot is back from the dead.
Well, your formula is wrong. It should be (Previous Value- Current Value) ×100/Current Value

Back to your formula. You already multiplied by 100. That means your answer 0.88 is already a percentage.
So why did you deny that it was a percentage before?
For the umpteenth time, that answer is a percentage in decimal form. Show any 10year old around you.

Kukutenla:

You're a dimwit. APC and PDP have almost equal oil price. Your did the calculations yourself and your earlier projection came out wrong and your brother had to run to crude oil sales to save face and you still have the nerve to write senseless drivel.
You must be a swaddling troglodyte

"Almost" can't give you the bird.

So which one of them had the higher oil price average? APC or PDP?

In terms of average 3 is a huge gap, you monkey.

LegendHero:


I wrote local refiners in my mention to you and I even mentioned Edo refinery in it.

Even in your JAMB question on your post, you asked “ Who is NNPC seeking crude to locally?”. That’s when your brain is playing pranks on you because your brain can’t understand that NNPC do sell crude to local refiners.

Dead this argument, you are talking jargons all through. Note that I am not arguing with you again, because you have lost the right to that from me.

I am just scolding you like a child now. So you either pay attention and listen or continue this path of fighting against logic.

You gave data from 2006 right?
Who was NNPC selling crude to in 2006 locally
You can start your scolding now

predictor1:
So this idiot is back from the dead.
Well, your formula is wrong. It should be (Previous Value- Current Value) ×100/Current Value

Back to your formula. You already multiplied by 100. That means your answer 0.88 is already a percentage.
So why did you deny that it was a percentage before?
For the umpteenth time, that answer is a percentage in decimal form. Show any 10year old around you.

You're dumb imbe.cile
Use the formula yourself and stop advertising your poor education.

predictor1:
"Almost" can't give you the bird.

So which one of them had the higher oil price average? APC or PDP?

In terms of average 3 is a huge gap, you monkey.

You claimed PDP had $91 and APC $56

You later gave calculations and arrived at $65 for PDP and $62 for APC

Which do we go with as the correct one and which do we discard as product of your madness

Kukutenla:

You're dumb imbe.cile
Use the formula yourself and stop advertising your poor education.

Your mouth is sharp now you've woken up from the coma we sent you into.

You don't even understand your own formula. The formula for rate of depreciation is *100 not divided by 100.

It's a percentage. There's no way you can get the 88% you claimed yesterday. Who taught you maths?

This idiot just went to the internet, copied a formula he knows nothing about and confused himself. Total waste of money on education.

Kukutenla:

You claimed PDP had $91 and APC $56

You later gave calculations and arrived at $65 for PDP and $62 for APC

Which do we go with as the correct one and which do we discard as product of your madness

At least you saw what I got with the precise calculation. And you've been using my own figures since yesterday. You are morally and educationally bankrupt.

LegendHero:


I wrote local refiners in my mention to you and I even mentioned Edo refinery in it.

Even in your JAMB question on your post, you asked “ Who is NNPC seeking crude to locally?”. That’s when your brain is playing pranks on you because your brain can’t understand that NNPC do sell crude to local refiners.

Dead this argument, you are talking jargons all through. Note that I am not arguing with you again, because you have lost the right to that from me.

I am just scolding you like a child now. So you either pay attention and listen or continue this path of fighting against logic.

True true, his mind is playing tricks on him.

Lol@ bolded. If I were that boy I'll deactivate.
He's disgracing himself.

predictor1:
Your mouth is sharp now you've woken up from the coma we sent you into.

You don't even understand your own formula. The formula for rate of depreciation is *100 not divided by 100.

It's a percentage. There's no way you can get the 88% you claimed yesterday. Who taught you maths?

This idiot just went to the internet, copied a formula he knows nothing about and confused himself. Total waste of money on education.

Bla bla bla like a deranged goat
Use the formula and show that it gives you 0.88% or fvck off
It's obvious you're trying to mask your poor education
Someone who can't convert decimal to percentage
You should be ashamed of yourself

predictor1:
At least you saw what I got with the precise calculation. And you've been using my own figures since yesterday. You are morally and educationally bankrupt.

Which of your figures is correct 91, 56 or 65, 62

Numbskull

predictor1:
Your mouth is sharp now you've woken up from the coma we sent you into.

You don't even understand your own formula. The formula for rate of depreciation is *100 not divided by 100.

It's a percentage. There's no way you can get the 88% you claimed yesterday. Who taught you maths?

This idiot just went to the internet, copied a formula he knows nothing about and confused himself. Total waste of money on education.

Lol. This waec failure suddenly knows maths
Eight wonder of the world

Kukutenla:

Lol. This waec failure suddenly knows maths
Eight wonder of the world

Go and sit down, olodo.
You are not ashamed of yourself. You allowed yourself to be boxed into a corner. You brought a formula which was actually the correct formula but because you couldn't defend the 0.88% you changed the formula to a wrong one.

Percentages can also be decimals and fractions since you didn't know. Which polytechnic did you drop out of again?

Kukutenla:

Which of your figures is correct 91, 56 or 65, 62

Numbskull

Which ones did I give you that you've been running with for days now, oponu?

Kukutenla:

Bla bla bla like a deranged goat
Use the formula and show that it gives you 0.88% or fvck off
It's obvious you're trying to mask your poor education
Someone who can't convert decimal to percentage
You should be ashamed of yourself

Olodo. I didn't know you were this stupid. Are you not the one that got 0.88 and said it could not be a percentage because it was decimal?

predictor1:
Olodo. I didn't know you were this stupid. Are you not the one that got 0.88 and said it could not be a percentage because it was decimal?

Ode who never went to school but its here during rubbish
First you disgraced yourself by confusing decimal for percentage. Primary school maths fa. Learn today the sign for percentage is %. Idiot
Secondly you claimed PDP had $91 and APC $56 and you will soon disgrace me with calculations
Thirdly you turned round to say PDP had 65 while APC hat 62
Anyone can see that you're a naturally daft olodo who is poorly educated and lack the least modicum of common sense

predictor1:
Which ones did I give you that you've been running with for days now, oponu?

You gave me 91 and 56. Then like a dullard, you turned round and gave 65 and 62.
Like a slowpoke that you are, you can't even get numbers correct.
Which should we go with. Answer and stop blabbing like a fool.

Kukutenla:

You gave me 91 and 56. Then like a dullard, you turned round and gave 65 and 62.
Like a slowpoke that you are, you can't even get numbers correct.
Which should we go with. Answer and stop blabbing like a fool.

Which one have you been using to argue with legendhero? You are such an idiot.