₦airaland Forum

Lordave:
Not only the price of oil is falling, the value is falling too. Many Western countries are busy in their various labs deciphering a better alternative to crude.

Before oil boom everybody survived, after oil is gone, everybody may survive.

ritababe:
no what he wrote up there is the typical truth, niger delta is a region blessed with all types of oil, if one drop the other one will rise.
And yes we do farming too ask edo people.

Chiwude:
Although he wasn't far from the truth, but he failed the state the farming potentials of the region. Only God knows what Tonye and his Ijaw folks see in 'oyel'.
I know for sure that the Edos and Akwa-Cross are ready to seek other alternatives than oil in an event of its worthlessnes. But the Ijaws still hope to pick one or two few crumbs from oil leftovers. Someone here is even suggesting gas! When the world knows gas has become a common resource that virtually almost every continential shelve has. Lmkwd.

TonyeBarcanista:
The search for alternative source didn't start today. Its been on for yearssssss! Nevertheless, it has in no way affected the value of the product. Should Saudi cut supply(which will definitely happen) the world will experience another oil boom. When crusde oil price fell to $30 pb in December 2008 many thought that will be the end but boooom it rose again.

Lordave:
The oil issue is becoming the more you look the less you see. You can't actually say what the cause of fall in price of oil is and be very sure you are correct. Some say sanctions on Iran are being lifted, some say the US has opened its huge reserve to the world, some say Saudi is pumping beyond OPEC regulatory mark and some say climate change and the need for an alternative to crude, etc. It can be all, but for how long will these factors drag on before the price of oil stabilises at a very good rate once more?

If I were you, I wouldn't regard that thread as a thing of mockery on your people considering the mess most of your lands and waters are in. You guys should be cleaning up your lands by now, oil won't flow in the Niger Delta forever.

TonyeBarcanista:
I think the creator of that thread is a SE guy that is misguided and misinformed. I was surprised though

Super1Star:
Why are the igbos the ones attacking south south over oil?

It says a lot about that fraud of a nation igbos are concocting.

Proudlyngwa:
Tonye, you gave some very good points and some very misleading points.

1.Price, Not Value of Oil is Crashing.
Actually both price and value are diminishing, as the world searches for cleaner fuel, dependence on crude is reducing, we are in the era of more fuel economic engines, biofuel technology and natural gas driven ecosystems, the advances in chemical engineering has also made possible for less dependence on byproduct.
2.Not The First Time Oil Price Is Crashing.
Unfortunately not every thing that crashes ever rises again. The last boom in oil was caused by war in the arab league orchestraed by saudi to put there pupets in power, outside syria some sections of libya and iraq, that part of the world is in peace and are willing to do anything to gain there markets back.
3.I believe that the price of the product will bounce back when the major cartels(Saudi Arabia especially) are tired of their game and move for supply cut... ...
The last time Saudi Arabia tried to regulate price by cutting down on production the lost a fair share of their market and are not prepared to allow that happen again, i sincerely hope this doesn't happen this way, but saudi will prefer oil drops to ten dollars per barrel than regulate any market.
4.Niger Delta's Survival Not Tied To Oil Export.
This is very true, but a lot of niger deltans need re-orientation and re-integration, niger delta's survival is tied to niger deltans survival and we all know what is happening in core oil producing communities.
5.Fourthly, our proximity to the sea comes with its attendant benefit. We have existing ports in Rivers state(Onne Port, Port Harcourt port and several jetties), Delta state(Warri port, Burutu port, Sapele Port, Escravos, Forcados and Pennington) and Cross river state(Calabar port). These ports have been of great service to our people even before the advent of crude oil.. .....
This is very true, but the victim mentality, man pass man mentality and intimidation mentality needs to be eradicated, we all know what goes on at abonema wharf just to mention one.
6.Note: The Niger Delta region I'm referring to are the six states in the South South....
Guy you can do better than this, you need to stop giving people bullets to shoot you.

TonyeBarcanista:
CC: Truckpusher Coolscott Goodboiyy IzonOwei Philips70 Talktimi Stebell Hopeathand Mulattoclaro

Energito:
Why are you afraid of Biafra.

Lordave:
The oil issue is becoming the more you look the less you see. You can't actually say what the cause of fall in price of oil is and be very sure you are correct. Some say sanctions on Iran are being lifted, some say the US has opened its huge reserve to the world, some say Saudi is pumping beyond OPEC regulatory mark and some say climate change and the need for an alternative to crude, etc. It can be all, but for how long will these factors drag on before the price of oil stabilises at a very good rate once more?

If I were you, I wouldn't regard that thread as a thing of mockery on your people considering the mess most of your lands and waters are in. You guys should be cleaning up your lands by now, oil won't flow in the Niger Delta forever.

Super1Star:
Who is afraid of biafrau.d?
It gives us orgasm taunting you with it.
Lmao.

mulattoclaro:
I'm back. Whether oil finishes or not, niger delta will never be cajoled into joining biafra. Even before oil we survived. So we will still survive. Our land is rich in agriculture and other mineral resources that have not yet been tapped.

mrborntodoit:
Tonye,

You get time ooo

These people are tackling the Niger Delta with the "oyel money" they all tagged "our commonwealth" when the market was good ,now that its uncertain if the market value will rise or fall, they are now openly tagging it "Niger Delta Oyel" .

Abeg,enjoy your new year and let's see what nature has in stock for us all in 2016 .

TonyeBarcanista:
1. You should go do research on what caused the crash in price. The value of oil is not the problem. Over-supply is.

2. Saudi will definitely cut supply. This isn't the first or second time. We all know that the reason for the over-supply is largely linked to punish Syria. Saudi even make less money with over supply but they boasts of having HUGE $$$ in their Sovereign Wealth Funds. It's a matter of time before they end their game. *same for 3*

4, 5 and 6 is pointless. The Niger Delta I'm referring to are the SIX states of the South South. Whoever is not satisfied should seek advice from Oshiomole.


There is nothing misleading in the article!

Agimor:
Those saying Niger Delta can't survive without oil are sufferring from what called chronic bad bellerism...The guy who created that is probably from Southwest why don't you remove the spliter in yours eyes so you see clearly to remove the one in your brother eyes.

StOla:
It seems you don't know the tribe that loves to gloat over the misfortune of others.

Proudlyngwa:
Sorry to burst your bubble, but as technology improves value of crude oil diminishes, Gas is the way to go right now.
The current excess of crude is not due to Saudi alone, a lot of players are in the game now, what makes you think they will play by the rules, and i repeat saudi will take some coercing to agree to regulate production. The last time they did that they were betrayed.
http://m.nasdaq.com/article/everything-has-changed-oil-saudi-arabia-and-the-end-of-opec-cm432119

TonyeBarcanista:
Just yesterday, someone that happens to be a non Niger Deltan wrote an article to ask what next is for Niger Delta region when oil "value" diminishes. I think it is appropriate to address the subject so as to educate some of our people.

Price, Not Value of Oil is Crashing:
Permit me to establish a fact. Crude oil value is not becoming useless, the fall in the price of the product has to do with excess supply of the product in the market. For avoidance of doubt, crude oil price started crashing in July 2014 majorly after Saudi Arabia and some other countries such as Russia, Canada(gas) and Iraq increased production. Also, the coming into the market of the USA(that used to be buyers) up the product in the market, this however is not so significant. At present, the product is oversupplied (no thanks to Saudi). Hence, the drop(and continuous drop) in the price of the product. Unfortunately, Iran will be coming into full force in 2016. Though there is price crash, the value of oil has not diminished and won't be anytime soon. The fall in price has nothing to do with the value of the product, it is due to over-supply. As long as people use gas and petrochemical, there will always be demand for crude oil.

Not The First Time Oil Price Is Crashing:
This is not the first time that oil price will crash. It will be recalled that while oil price boomed from $40 per barrel in 2004 to $147 per barrel in July 2008, it slumped to $130 pb in September(2008), less than $70pb in October and less than $60pb in November 2008. In fact, the lowest fall in the price was in December when it fell to $30.8 pb. In February 2009 when it was $35 pb. It only took few months for the price of the product that was on free fall between September 2008 to February 2009 to pick up and rise to $117 pb in June 2014 before the present fall in price that started in July 2014.

I believe that the price of the product will bounce back when the major cartels(Saudi Arabia especially) are tired of their game and move for supply cut. The rise may even start from mid 2016 or towards the fourth quarter of that year. There is a huge challenge but no cause for alarm.

Niger Delta's Survival Not Tied To Oil Export:
Before the advent of crude oil in 1956, Niger Delta was a major exporter of palm oil. In fact, we were called "Oil Rivers" by the British (1885) because of our oil palm export. In fact, before the crude oil craze, 90% of Eastern region's export was palm oil as at early 60s. Nigeria was exporting 1/3 of the world's palm oil as at then. The coming of oil dollars made government to forget about palm oil. That doesn't mean we don't know our root.

Secondly, in the event that oil becomes unattractive, because we are richly blessed with crude oil, we can always build refineries, refine the product and export the refined product(petrol, kerosene and diesel) as well as petrochemical products. This will open windows of more dollars to the Niger Delta and create jobs for our teeming unemployed youths.

Thirdly, though some of our lands and water have been polluted, we still have arable lands in our kitty. We can always revert to fishing and full scale agriculture.

Fourthly, our proximity to the sea comes with its attendant benefit. We have existing ports in Rivers state(Onne Port, Port Harcourt port and several jetties), Delta state(Warri port, Burutu port, Sapele Port, Escravos, Forcados and Pennington) and Cross river state(Calabar port). These ports have been of great service to our people even before the advent of crude oil.

Oil and Gas Still Very Much Relevant
I make bold to state that in the event that the product becomes "worthless"(in quote), the people of Niger Delta will never be broken. However, this won't be happening anytime soon. Not in the next 100years. As long as there is need for gasoline, solvent, plastic, detergents, Polymers, fibers, resin, aircraft fuel, gas etc, there will always be need for petroleum. Even the so-called biofuels requires lots of energy from natural gas to be produced. Whichever way one looks at it, the petrodollars will not stop flowing anytime soon, though it will encounter challenges. Nigeria's proven natural gas reserve is the 9th in the world. The highest producing states of the products are Bayelsa, Rivers, Delta, Akwa Ibom and Edo states. Beyond oil and gas, the Niger Delta is blessed with other mineral resources so numerous to mention that can generate lots of revenues.

Finally, our God(or gods) in His infinite wisdom has blessed the people of Niger Delta and Nigeria with rich lands and waters. Those that assume that Niger Delta will 'suffer' because temporary slump in oil price should have rethink. We are a blessed people though we are yet to optimise our blessings. We are richly blessed! We are Proudly Niger Deltans! We are Proudly Nigerians!


Note: The Niger Delta region I'm referring to are the six states in the South South


May God Bless Us All and Bless Nigeria
Happy New Year 2016 in Advance

willow0801:
Tonye, i like you but sometimes you behave like a kid, Gas is the future of hydro carbons. You keep attacking the igbos in every post, Dont worry, when the times comes, you and your kinsmen will be forced to accept the igbos as your brothers, Take a look at japan, take a look at china, do they have Oil, now take a look at the east,take a look at what the igbos are doing. Nairaland isnt nigeria, realities on ground suggest otherwise. Please and please stop creating enmity for your region, it will do you guys no good. do you know igboland has the highest reserve of onshore Gas in Nigeria? it is cheaper to drill onshore than offshore but we are not happy over it, we look inward and that is where i expect the ijaws and urhobo to learn from, you are closer culturally to us, why dont you utilize it. The ibibios and efiks love the igbos and will never trade them for any other ethnicity, we marry more amongst ourselves than any other group, we both invented nsibidi, that shows we have been brothers since ages, dont mind the geographical nonsense called south south!

TonyeBarcanista:
I believe you can read! Nowhere did the article talked of any betrayal! Saudi's action is largely political and only a matter of time before they return to their senses. Even the article confirms the billions of $$$ that Saudi loses due to oversupply and the cause of price crash to be due to over supply. Omo what is your argumen t?


The fact remains that oversupply of product NOT value is behind price crash. Your article confirms it.

As for natural gas, SS state of Bayelsa, Rivers and Delta has the highest reserve followed by Akwa Ibom and Edo states. So we are richly blessed!

Thanks and bye

babyfaceafrica:
SS will survive without SE........they are a great region

willow0801:
But do we igbos have to shun them, they are our brothers, we are all easterners bro, we need to fight against this evil

explorer250:
and i cant ever remember seeing anyone saying the two regions needs each other to survive

Super1Star:
Why are the igbos the ones attacking south south over oil?

It says a lot about that fraud of a nation igbos are concocting.

willow0801:
Tonye, i like you but sometimes you behave like a kid, Gas is the future of hydro carbons. You keep attacking the igbos in every post, Dont worry, when the times comes, you and your kinsmen will be forced to accept the igbos as your brothers, Take a look at japan, take a look at china, do they have Oil, now take a look at the east,take a look at what the igbos are doing. Nairaland isnt nigeria, realities on ground suggest otherwise. Please and please stop creating enmity for your region, it will do you guys no good. do you know igboland has the highest reserve of onshore Gas in Nigeria? it is cheaper to drill onshore than offshore but we are not happy over it, we look inward and that is where i expect the ijaws and urhobo to learn from, you are closer culturally to us, why dont you utilize it. The ibibios and efiks love the igbos and will never trade them for any other ethnicity, we marry more amongst ourselves than any other group, we both invented nsibidi, that shows we have been brothers since ages, dont mind the geographical nonsense called south south!

referandum:
the problem is when people think of the nigerdelta region their mind goes to a poor helpless and uncivilised people. but we are not entirly helpless though many of us dont benefit from the crude oil but we still survive without it so leven if the oil finishes i doubt if we would be die from lack of it
NIGERDELTA THE LAND OF SURVIVORS