₦airaland Forum

ATTAHDYE:
Crude oil or "fossil fuel" like most of you like to call it when going green, is more that petrol and diesel.

There are several other distillates that are as important as petrol.

So even if you stop the importation of petrol/diesel powered vehicles, you still need plastics, lubricants and so on to make that EV.

You will work naked because even the clothes you wear are made from petroleum byproducts.

The curtains are not closing anytime soon on fossil fue!

faoogoke:
ASO SAVINGS AND LOANS suspension has been lifted.

MH enthusiasts oya lets go there!

faoogoke:
ASO SAVINGS AND LOANS suspension has been lifted.

MH enthusiasts oya lets go there!

faoogoke:
ASO SAVINGS AND LOANS suspension has been lifted.

MH enthusiasts oya lets go there!

essentialone1:
Also, keep back some of your money and get ready to welcome back ASO Savings & Loans Plc, to the Stock market. With its current price at N0.50, its Bull Run once it return will be on for a very long time. Stay tuned...

jonnysessy:
Aradel is making me smile

Mpeace:
Pple that didn't buy aradel at 400 are now queuing at 713 yet them no green sell. I will sell my Aradel @ 900

jonnysessy:
Aradel is making me smile

ndept:
Buying Presco now does not amount to panic in anyway. Even common sense analysis will tell someone that the result will be good. Okomu, their counterpart recently released good result. Presco moved and fast forwarded the date of their board meeting from 30th October to 23rd October. A pupil that is confident of his performance will always want his parents to see his result quickly. Then, presco is currently looking to raise money from the market and their Q3 will lend more credence to it. You can put all these factors together and make your judgement. Just like @crownprince said, the price of presco will be costlier after the release of the result than current market price. My opinion please.

ositadima1:
I think it’s more about making the most of the years we have left. I’ve said it before, petrol as the sole fuel for cars, trucks, and buses is gradually being phased out. Many countries have already set dates to ban fossil fuel–powered vehicles, some within the next 20 to 30 years, and even earlier in a few cases. Do you know that Ethiopia has already banned the importation of fuel-powered buses because of its new large-capacity hydro power plant?

Refining profit margins will take a hit in the coming years; plastics and other by-products will likely become the main revenue drivers. Just my opinion, though. I’ll remind you in the next 10 to 20 years, maybe in this thread, maybe somewhere else. Just take care of yourself till then.

Mpeace:
Pple that didn't buy aradel at 400 are now queuing at 713 yet them no green sell. I will sell my Aradel @ 900

Itzlinda:
Electric cars will continue to exist hand in hand with fuel cars for a very long time.

I don't see electric cars stopping production of Petroleum cars in the next 50 years sef.

Electric cars need lithium and rare earth metals which are very limited.

For context, to electrify all cars by 2050 the world would need more lithium than the currently known reserve!

Even in rich countries long journeys are more realistic with petrol cars because charging stations are not available in rural areas.

Willie2015:
3 coys wey de make me dey smile...this Oct
Aradel.....Dang....Seplat

ositadima1:
No, I don’t think so. Lithium isn’t the only viable substance for making batteries. We have sodium in abundance, and scientists are working to use it as a replacement for lithium, they’re not there yet, but they’re close. There are also other elements and technologies being developed that could serve the same purpose.

I don’t know how old you are, but let me give you a few historical examples. Kodak, in the 1980s and early 1990s, was what Samsung or Apple is today, a market leader in photography, especially in film. When digital photography was being researched and tested, Kodak dismissed it, believing it would never work. They ignored diversification and failed to invest in the new technology. Eventually, the Kodak empire was destroyed by digital cameras and the rise of digital images.

There are many other examples like that, Blockbuster vs. Netflix, Nokia/BlackBerry vs. Android. Even the small devices we hold in our hands today, which we call phones, were once unimaginable. Computers in the 1970s were so large that only institutions could afford them. Today, each of us carries a mobile computer. Change is constant.

ositadima1:
No, I don’t think so. Lithium isn’t the only viable substance for making batteries. We have sodium in abundance, and scientists are working to use it as a replacement for lithium, they’re not there yet, but they’re close. There are also other elements and technologies being developed that could serve the same purpose.

I don’t know how old you are, but let me give you a few historical examples. Kodak, in the 1980s and early 1990s, was what Samsung or Apple is today, a market leader in photography, especially in film. When digital photography was being researched and tested, Kodak dismissed it, believing it would never work. They ignored diversification and failed to invest in the new technology. Eventually, the Kodak empire was destroyed by digital cameras and the rise of digital images.

There are many other examples like that, Blockbuster vs. Netflix, Nokia/BlackBerry vs. Android. Even the small devices we hold in our hands today, which we call phones, were once unimaginable. Computers in the 1970s were so large that only institutions could afford them. Today, each of us carries a mobile computer. Change is constant.

Mpeace:
Pple that didn't buy aradel at 400 are now queuing at 713 yet them no green sell. I will sell my Aradel @ 900

KarlTom:
I will be here to remind you when you change your mind because of the upward momentum.

Same way I did with NASCON...

Raider76:
Dangote to double refinery capacity to 1.4 mbpd


https://punchng.com/dangote-to-double-refinery-capacity-to-1-4-mbpd/

Mpeace:
Wow. Did I change my mind on NASCON? I know I reduced sha but Can't remember.

I remember changing my mind on Seplat. I had a target of 2k to sell. But I still dey Seplat at 5,900

Itzlinda:
You’re right that change is constant, but transition speed varies depending on infrastructure and global equity.

Unlike phone or AI that transition happen very fast, switching to EV cars require huge physical investment in infrastructure--power grids, roads raw material etc.

So if developed countries have such resources in abundance, developing countries are far behind and don't have capital to support EV infrastructure overnight. Nigeria is still producing less than 5000MW with incessant national grid collapse.
I don't think Petroleum cars will die. But the usage will shrink in developed countries while it lingers in developing countries for a very long time.

Alhaji would not have built 25bn refinery with that existential threat.

Mpeace:
Wow. Did I change my mind on NASCON? I know I reduced sha but Can't remember.

I remember changing my mind on Seplat. I had a target of 2k to sell. But I still dey Seplat at 5,900

Agbalowomeri:
Make ACCESS come down to 18 make I check something

Whether I go fit use am replace my GTCO

ositadima1:
...........It all comes down to economics, people will always choose the cheaper alternative over patriotism or sentiment.