₦airaland Forum

APCLyingBastard:
A naval and air base which is strategically located to access much of West, central and north Africa.

Congo and Angola especially where they hope to check Chinese inroads in Africa.

But most importantly to have access to the biggest and proven oil reserves offshore in the Bight.

You think oil prices are crashing due to natural demand and supply rules? The US and Saudi are manipulating the market in order to crash Russian and Iranian economy.

Oil is no longer a long term energy strategy like I just said. USA now exports crude. Saudi is trying to crash the shale oil coming from America, the rest are opportunities and complications that came as a result of that strategy. The green people think keeping oil low will eventually drive investments in that sector up on the long run.

kayfra:
Oil is no longer a long term energy strategy like I just said. USA now exports crude.

You seem not to understand that the end game.

The world has gone beyond peak oil meaning global oil reserves are depleting fast.

The US wants to make shale oil replace conventional crude.

Once that is established, they will have global market dominance.

APCLyingBastard:
You seem not to understand that the end game.

The world has gone beyond peak oil meaning global oil reserves are depleting fast.

The US wants to make shale oil replace conventional crude.

Once that is established, they will have global market dominance.

Saudi is trying to crash the shale oil coming from America, the rest are opportunities and complications that came as a result of that strategy. The green people think keeping oil low will eventually dry investments in that sector up on the long run. Oil is at its very last leg.

USA doesn't even buy our oil any more when shale oil is of similar quality.

kayfra:
Saudi is trying to crash the shale oil coming from America, the rest are opportunities and complications that came as a result of that strategy. The green people think keeping oil low will eventually dry investments in that sector up on the long run. Oil is at its very last leg.

USA doesn't even buy our oil any more when shale oil is of similar quality.

As an energy source you mean.

But crude has more valuable applications.

Take a look around you and see crude derravitives being used in manufacturing including the device you are posting with.

Shale does not compare to crude when it compares to the varying hydrocarbon resins that can be harnessed from it.

If anything if global energy demand shifts to shale crude prices will soar as a manufacturing input.

princdebola201:
LOL farming Indeed.

In that Erosion Ravaged Land.. Oyo and Osun is bigger than entire south east in terms of Land Mass.

Yet Oyo and Osun are bankrupt because of laziness and addiction to free oil

kayfra:
Oil is no longer a long term energy strategy like I just said. USA now exports crude. Saudi is trying to crash the shale oil coming from America, the rest are opportunities and complications that came as a result of that strategy. The green people think keeping oil low will eventually drive investments in that sector up on the long run.

Crude is not the solution.

The only option is to develop a viable downstream petrochemical industry

Crude is crashing but has engine oil reduced?

We will develop a local industry and if you are good we will sell refined crude to you but not on credit

Guy try get some sense naa, even if its from the goats they are killing this Christmas.

So u just woke up this morning and all you could think of is about Biafra, look for a place and drink beer and stop bringing up things that are capable of causing problem.

Meanwhile compliment of the season to you.

princdebola201:
Funny but true, crude oil fall is imminent
We all know what agitation of biafra is Allbout the crude oil of Niger Delta Region, by Next year when crude oil falls to 20dollars per barrel , all the disgruntled Elements called IPOB a.k.a "AWA OYEL PEOPLE" will pick up their hoes and cutlasses back to Farm in Alaigbo Land. Then Biafra agitation will be a thing of past LOL..!!

APCLyingBastard:
Crude is not the solution.

The only option is to develop a viable downstream petrochemical industry

Crude is crashing but has engine oil reduced?

We will develop a local industry and if you are good we will sell refined crude to you but not on credit

Petrochemical should be our immediate future but we are not equipped for it. I don't see US making our oil a strategic interest though.

APCLyingBastard:
As an energy source you mean.

But crude has more valuable applications.

Take a look around you and see crude derravitives being used in manufacturing including the device you are posting with.

Shale does not compare to crude when it compares to the varying hydrocarbon resins that can be harnessed from it.

If anything if global energy demand shifts to shale crude prices will soar as a manufacturing input.

Manufacting cost for shale keeps dropping as technology improves. Refineries are operating at maximum capacity due to the glut in supply and a lot of demand has already shifted to gas. Like I said, if US needs African energy do badly, they won't withdraw from buying.

kayfra:
Petrochemical should be our immediate future but we are not equipped for it. I don't see US making our oil a strategic interest though.

Which one is "our"?

Lolz.

The benefits from establishing a viable non export based petrochemical downstream industry are enormous.

Pharmaceuticals, fertilisers, synthetic resins, paints, solvents are just too numerous.

Job creation, industrialization and foreign exchange earnings will be ten times what we see from a crude based sector.

The PIB is meant to facilitate this but una no go gree because it will make the Niger Delta more prosperous than you want.

The Bight of Biafra can also serve as a shipping hub.

The low price currently being observed will only catalyse Nigeria's disintegration further.

Be careful on what you wish others because it will come to hurt you.

Slikbae:
Look here. You have no right to hurl insults at my people. We have never been "free money loving people", instead we have fed the nation for decades.

Ok I am sorry. Let me face the ewedu ppl. But if ur ppl insult us, i will respond

Mynd44 I think you need to close this thread because it makes mockery of the Igbo. Stop using Nairaland to antagonise the Igbo, things like the makes the Igbo to take a cursory look about this entity called Nigeria. Rule 2 has been broken in different comments here.



Cc seun

APCLyingBastard:
Which one is "our"?

Lolz.

The benefits from establishing a viable non export based petrochemical downstream industry are enormous.

Pharmaceuticals, fertilisers, synthetic resins, paints, solvents are just too numerous.

Job creation, industrialization and foreign exchange earnings will be ten times what we see from a crude based sector.

The PIB is meant to facilitate this but una no go gree because it will make the Niger Delta more prosperous than you want.

The Bight of Biafra can also serve as a shipping hub.

The low price currently being observed will only catalyse Nigeria's disintegration further.

Be careful on what you wish others because it will come to hurt you.

Why do you assume I don't support Biafra or PIB? I just don't like the lack of leadership and direction. The resultant noise making and the insults is not strategic juat plain dumb. But until that is sorted, we are talking about Nigeria.

Developing our domestic economy should be our immediate priority which lowers our demand for dollars amongst other benefits. It isn't rocket science and refineries should be built close to source to reduce cost. That also is from Captain Obvious. Why would I want to locate refineries away if not for strategic interest like serving an undeserved area?

kayfra:
Manufacting cost for shale keeps dropping as technology improves. Refineries are operating at maximum capacity due to the glut in supply and a lot of demand has already shifted to gas. Like I said, if US needs African energy do badly, they won't withdraw from buying.

Read what I posted earlier on the significant differences between shale and conventional crude.

Conventional crude comes in three grades: light, heavy and very heavy crude.

The classifications are based on the ratio of extracting resins from them. Light crude can yield up to 70- 90% yield; heavy can yield up to 50% while very heavy like the tar pits in Canada and Venezuela the lowest.
The density and viscosity of the three grades increases from light to very heavy crude and are in liquid to semi liquid states.
Shale on the other hand is in a solid state and requires heating to "frack" the very limited crude out which yields less resins.

As an energy source shale is more abundant and cheaper in the long run as technology of mining it advances . This will only make shale a substitute source for crude as an energy source but it won't overtake crude as a raw material input in manufacturing.

Thus, we should expect profiliation of franking technology in the nearest future and a cut in crude exploration thereby making crude more expensive than it is now.

kayfra:
Why do you assume I don't support Biafra or PIB? I just don't like the lack of leadership and direction. The resultant noise making and the insults is not strategic juat plain dumb. But until that is sorted, we are talking about Nigeria.

Developing our domestic economy should be our immediate priority which lowers our demand for dollars amongst other benefits. It isn't rocket science and refineries should be built close to source to reduce cost. That also is from Captain Obvious. Why would I want to locate refineries away if not for strategic interest like serving an undeserved area?

Your last paragraph is not on tandem with the change govt which was propped up by Washington to make Nigeria remain dependent on imports for how can we explain the 70% Deficit budget that is based on loans drawn in dollars from the west?

This is why I am all out for Nigeria's dissolution because we can never reach our full potential with the current setup where the two major ethnic groups are not ready to see any meaningful and sustainable development in the ND and SE.

You guys are deliberately sabotagong our economic development for your selfishness and jealousy.

How can a country with over 800km coastline only have one port for imports?

Why should the FG mandate that all oil companies must relocate their corporate hqs from the Delta producing states to Lagos after the war and now Abuja?

These are just a tip of why people like me support Nigeria's peaceful disintegration.

APCLyingBastard:
Your last paragraph is not on tandem with the change govt which was propped up by Washington to make Nigeria remain dependent on imports for how can we explain the 70% Deficit budget that is based on loans drawn in dollars from the west?

This is why I am all out for Nigeria's dissolution because we can never reach our full potential with the current setup where the two major ethnic groups are not ready to see any meaningful and sustainable development in the ND and SE.

You guys are deliberately sabotagong our economic development for your selfishness and jealousy.

How can a country with over 800km coastline only have one port for imports?

Why should the FG mandate that all oil companies must relocate their corporate hqs from the Delta producing states to Lagos after the war and now Abuja?

These are just a tip of why people like me support Nigeria's peaceful disintegration.

I do hope you are from a major oil producing state. Not states with marginal fields or a SE land grabber. Lolz.

Ondo and Lagos states are ripe for petrochemical industries with the lagos offshore oil and Ondo's oil and bitumen. Nigeria is is blessed.

kayfra:
I do hope you are from a major oil producing state. Not states with marginal fields or land grabers. Lolz.

Ondo and Lagos states are ripe for petrochemical industries with the lagos offshore oil and Ondo's oil and bitumen. Nigeria is is blessed.

Now you are boasting of the same oil you want to rubish.

Thank me for opening your eyes.

Besides I am from Delta. And why will you condemn any SE state as marginal where Ondo ( the largest oil producing state in the sw) only manages 30,000 bpd as at last year? Lagos has potential but what are the reserves like? Nobody will invest in tapping a small well with crude prices this low low.


Cheers

APCLyingBastard:
Now you are boasting of the same oil you want to rubish.

Thank me for opening your eyes.

Besides I am from Delta.

Cheers

Not boasting. My point still stands. US doesn't see our oil as a strategic interest. My kids are half delta btw.

kayfra:
Not boasting. My point still stands. US doesn't see our oil as a strategic interest. My kids are half delta btw.

We won't need them if we develop our own downstream sector and that is a very good thing having the greedy yanks off your economy

I want crude oil to dry up so that the cesspit called Nigeria should crumble like pack of cards.

APCLyingBastard:
We won't need them if we develop our own downstream sector and that is a very good thing having the greedy yanks off your economy

Educate me on this. How is PIB stopping us from establishing private refineries. Didn't they give out licenses? The issue is conflict of interest, granting rent seekers license to refine. Why would they build when they can make more importing refined products? What am I missing?

kayfra:
Educate me on this. How is PIB stopping us from establishing private refineries. Didn't they give out licenses? The issue is conflict of interest, granting rent seekers license to refine. Why would they build when they can make more importing refined products? What am I missing?

The PIB proposes a time line to ban importation of refined products.

The NNPC refineries and subsidy will have to go to pave way for genuine investors.

If we don't remove subsidies and unbundle the govt owned refineries in place for private refineries nobody will invest in the downstream sector.

Believe me that there are Nigerians who can fund a refinery project. They own huge equities in foreign refineries .

This is similar to how some Nigerians will rather convert their wealth to forex and stash it abroad because they saw govt meddling of forex trading.

We must reduce our govt's presence in operating ventures.

This is what an economist described as mad cow disease where the cow (govt) nibbles on its tail rather than graze on the lush green fields. That is competing with local businesses by setting up govt corporations rather than promoting private investments.

The Nigerian Govt maintains the NNPC for sole purpose of corruption.

It is time to remove subsidy, unbundle the NNPC, ban crude exports and develop a viable downstream sector.

Ecoterrorist:
Mynd44 I think you need to close this thread because it makes mockery of the Igbo. Stop using Nairaland to antagonise the Igbo, things like the makes the Igbo to take a cursory look about this entity called Nigeria. Rule 2 has been broken in different comments here.



Cc seun

yorubas can never win a fair contest without being given unfair advantage. they will be running their mouth now hoping that u will be banned if u create thread to counter them

U know they open dis thread just to make mockery of ndo igbo, but then i trust my people to give back in full measure. now d joke is on d yorubas . i cant stop laughing. Biko ogbuefi2020, i never see that rice for eke awka, why?

APCLyingBastard:
The PIB proposes a time line to ban importation of refined products.

The NNPC refineries and subsidy will have to go to pave way for genuine investors.

If we don't remove subsidies and unbundle the govt owned refineries in place for private refineries nobody will invest in the downstream sector.

Believe me that there are Nigerians who can fund a refinery project. They own huge equities in foreign refineries .

This is similar to how some Nigerians will rather convert their wealth to forex and stash it abroad because they saw govt meddling of forex trading.

We must reduce our govt's presence in operating ventures.

This is what an economist described as mad cow disease where the cow (govt) nibbles on its tail rather than graze on the lush green fields. That is competing with local businesses by setting up govt corporations rather than promoting private investments.

The Nigerian Govt maintains the NNPC for sole purpose of corruption.

It is time to remove subsidy, unbundle the NNPC, ban crude exports and develop a viable downstream sector.

Dangote and some other investors are building some. I just think Buhari needs to privatize existing refineries and get government out of managing businesses. But I suspect the man is a socialist.

kayfra:
Dangote and some other investors are building some. I just think Buhari needs to privatize existing refineries and get government out of managing businesses. But I suspect the man is a socialist.

He isn't a socialist but in support of big governance.

The northern elites are not socialist because if they were they would have invested heavily to subsidise health care and education in their region.


He believes in paternalistic governance for the sake of distracting the masses from daily governance and to promote big government

The bigger the govt, the more powerful a mediocre like him becomes.

If not for the flawed system where govt is seen as a cash cow, who is Buhari? Has he ever generated one kobo of wealth for himself outside govt?

princdebola201:
Funny but true, crude oil fall is imminent
We all know what agitation of biafra is Allbout the crude oil of Niger Delta Region, by Next year when crude oil falls to 20dollars per barrel , all the disgruntled Elements called IPOB a.k.a "AWA OYEL PEOPLE" will pick up their hoes and cutlasses back to Farm in Alaigbo Land. Then Biafra agitation will be a thing of past LOL..!!

a check on ur moniker defines you and ur motive. but i put it on you that igbo giant has left Bakare and face you.

Joe4lv:
Dear op,I don't mean to be rude but I think you just needed attention and it is not wise to get it by pulling others down.

The so called Biafra will never depend on oil as the reason for wanting out. It goes beyond that my brother.

let me educate you a little. Igbo people are the least amongst the major tribes in Federal civil service in Nigeria and yet they are the richest individually in the nation. this tells you that a hike in fuel or reduction of salary doesn't affect those people cos they live on getting your needs to you-food,shelter and clothing.

there are more than 1000 four-storey buildings in Onitsha built from personal hard work of the Igbo people and no state including Lagos can boost of having such in Nigeria.

The Igbo man creates more for Nigeria through import duties,taxes levied on them in all the markets in Nigeria, rents they pay to market owners,etc.

There is oil in IMO state,abia and even Anambra but the reason is far above oil. Ask Dele momodu about Igbo people. they have the most brilliant and gifted people in the entire Africa and that's why the world don't want to give them freedom. their potentials can give world power to a country in Africa and make them colonise other African nations.

Go and read articles about this Biafra online and see for yourself... where are all the locally made guns in Nigeria from?

please be careful when you talk about this Igbo people cos they are the only tribe making Nigerian embassies worldwide busy.

Doing what they are noted for, shameless boasting.

Ijaya123:
Doing what they are noted for, shameless boasting.

If this is all the intelligence you can muster for that lofty writeup then you must be the most pitied for disappointing your generation and people.

APCLyingBastard:
Now you are boasting of the same oil you want to rubish.

Thank me for opening your eyes.

Besides I am from Delta. And why will you condemn any SE state as marginal where Ondo ( the largest oil producing state in the sw) only manages 30,000 bpd as at last year? Lagos has potential but what are the reserves like? Nobody will invest in tapping a small well with crude prices this low low.


Cheers

Forgot to add that Lagos already is a step ahead in the downstream sector courtesy of Dangote's 600,000 barrels capacity refinery. They'll kick start a private sector petrochemical revolution in 2018.

Ijaya123:
Doing what they are noted for, shameless boasting.

Thas the problem with u ppl. U fabricate lies against igbo and brush urself up with propaganda but wen igbo draw ur attentions to certain facts u start saying is boastin or chestbeating. Do u think we are the weak ppl who depend on to tell them who they are??

MXrep:
Thas the problem with u ppl. U fabricate lies against igbo and brush urself up with propaganda but wen igbo draw ur attentions to certain facts u start saying is boastin or chestbeating. Do u think we are the weak ppl who depend on to tell them who they are??

To tell you the fact, igbos are the master when it comes to fabricating lies and propaganda to suit their warped logic. That's why they are never taken serious or trusted.

Go carry out a survey and find out.