₦airaland Forum

HOPE of resumption of crude oil export from
Nigeria to the United State of America has been
renewed by the president of a Washington-based
Global Water and Energy Strategy Team (GWEST)
, Paul Wihbey.
Also, President Muhammadu Buhari has been
advised to swiftly put in place a new strategic
energy policy for export of Nigerian oil to new
markets in Asia, while also urging government to
resolve the crisis with India, which has expressed
its willingness to increase its crude oil import from
Nigeria to about $50billion annually.
GWEST President Wihbey, gave the hint of
resumption of Nigeria’s crude oil to the U.S., while
delivering a lecture with the theme, “The global
oil and gas market dynamics: outlook for Nigeria’,
at the Emerald Energy Institute of the University
of Port Harcourt, Rivers State at the weekend.
Wihbey, who before President Buhari’s visit to the
U.S., briefed the U.S Marine Corps Command and
Staff College, as well as U.S Marine Corps War
College, Quantico, Virginia, as an expert on
geopolitics of the international energy sector,
particularly on Nigeria, explained that if Nigeria
establishes credible political institutions, it will in
no distance time replace Saudi Arabia as a key oil
exporter to the U.S.
He stated that the recent drastic reduction in the
price of crude oil, which has adversely affected
the Nigerian economy was caused by the decline
in commodity super-cycle and China; the U.S.
shale production; and Middle East geopolitics like
Iranian issue and Saudi Arabia fixation on the
Shanghai cooperation organization.
At the lecture, which was chaired by former
presidential adviser on petroleum matters, Dr.
Emmanuel Egbogah, the energy expert said a key
component of President Barack Obama and
President Buhari’s recent meeting in Washington,
is for the resumption of significant volume of
crude oil export to the U.S, as Saudi Arabia lean
more towards China.

Cc. Lalasticlala

www.ngrguardiannews.com/2015/09/nigeria-to-resume-oil-export-to-united-states/

U S to buy your oil?

Hahahahaha.

What about their Shale oil? Financial Times reportedly reported that it is facing imminent bankruptcy. Fvck America! A cursed society that imprisons a man for marrying two wives but celebrates when a man marries another man!

What about their shale oil? Financial Times reported recently of an imminent bankruptcy in that sector.
Fvck America! A cursed society that imprisons a man for marrying two wives but celebrates the man who marries another man.

I thot they said they want to diversify the economy

Good news for the country. Those unpatriotic elements that have been trying desperately to paint a gloomy picture of the country's economy since PMB took over won't see news like this.

Good news.

Though the price has fallen, a good volume and high rate of turnover can help us accrue more revenue.

God bless Nigeria.

This is a big fat lie. The US reduced their quota of oil purchases with us not because of their squabble with the GEJ administration, but because of their attraction towards shale oil and the low cost of fracking. Also, with the likelihood of the Iran Nuclear deal, the US is likely to resume oil deals with Iran. Venezuela, Saudi Arabia and Iraq are still major partners as well. So, where do we fit into this complicated Menage a trois. The idea of a renewed oil trade pact with the US is flawed, because, if all this conjectures don't come into play, and we actually do start selling oil to the States, it would actually be a loss to us. Our focus should be on emerging markets, and not a confused unstable world power that is about to experience a change in leadership

hinwazaka:
This is a big fat lie. The US reduced their quota of oil purchases with us not because of their squabble with the GEJ administration, but because of their attraction towards shale oil and the low cost of fracking. Also, with the likelihood of the Iran Nuclear deal, the US is likely to resume oil deals with Iran. Venezuela, Saudi Arabia and Iraq are still major partners as well. So, where do we fit into this complicated Menage a trois. The idea of a renewed oil trade pact with the US is flawed, because, if all this conjectures don't come into play, and we actually do start selling oil to the States, it would actually be a loss to us. Our focus should be on emerging markets, and not a confused unstable world power that is about to experience a change in leadership

keep wailing....who cares

hinwazaka:
This is a big fat lie. The US reduced their quota of oil purchases with us not because of their squabble with the GEJ administration, but because of their attraction towards shale oil and the low cost of fracking. Also, with the likelihood of the Iran Nuclear deal, the US is likely to resume oil deals with Iran. Venezuela, Saudi Arabia and Iraq are still major partners as well. So, where do we fit into this complicated Menage a trois. The idea of a renewed oil trade pact with the US is flawed, because, if all this conjectures don't come into play, and we actually do start selling oil to the States, it would actually be a loss to us. Our focus should be on emerging markets, and not a confused unstable world power that is about to experience a change in leadership

Why is Angola still exporting to U. S?

docadams:
Why is Angola still exporting to U. S?

What is the quota of petroleum traded between the US and Angola. What is the balance of trade like. Didn't you see the part where I indicated the deal being a loss for us if it sails through. How much or less would Angola's quota be, when Iran joins the equation.

hinwazaka:
What is the quota of petroleum traded between the US and Angola. What is the balance of trade like. Didn't you see the part where I indicated the deal being a loss for us if it sails through. How much or less would Angola's quota be, when Iran joins the equation.

Your analysis is confusing and contradicting to say the list.

I said it that the reason US stopped importing our oil has to do with the unrepentant corruption that characterised the previous administration. US is mandated by their laws not to involve in direct or indirect funding of corruption. When Gej said ' America will know', they took it that he was implying that his corrupt government was funded by the US.

Now there's a new sheriff in town, they have commenced import of our invaluable Bony sweet crude which cannot be replaced by any shale gas anywhere.

God bless the federal republic. Great things are on their way


Sai baba!

Wailing wailers!Don't die of hypertension oooo.We go enjoy this country 2gether n testify that PMB is d MAN.

docadams:
Your analysis is confusing and contradicting to say the list.

I presented you with some questions and conjectures and you ended up in a quagmire.
FYI: Least is the proper word to be used in that sentence, not list
Eg: That is the LEAST of his problems.

ZOOGERIA AND OIL THAT DOES NOT BELONG TO THEM



YOU WISH USA TO LICK BACK THEIR SPIT RIGHT ?


NTOOR ZOOGERIA OIL IS FALLING UNTIL $0.75 CENT A BARREL . KEYSTONE EXTRA LARGE PIPE USA, USA ,USA .


ZOO COOK WITH YOUR BLOOD TAINTED OIL .

Good news flying everywhere since May 29.

soe:
keep wailing....who cares

shuooo! have we gotten to the point wer anybody that sees something wrong with Buhari's decision becoms an anti-progressive

R we now saying that he is infallible,or what?we need good criticisms; it helps people to reassure themselvs of their decisions...hioooor