₦airaland Forum

Truth234:
I am sure they do, but we are talking about nations. Shell is no competition

modath:
It is shale oil though he made a Mistake on the spelling and I equally what he is saying and yes we are not relating to the topic of the thread and thst is between......



Both of you are just a laugh a minute, X

One typed SHALE , the other read it as "SHELL" & una con dey debate that ... make una try dey read well sha.

modath:
Both of you are just a laugh a minute, X

One typed SHALE , the other read it as "SHELL" & una con dey debate that ... make una try dey read well sha.

modath:
It is shale oil not shell though he made a Mistake on the spelling and I equally understand what he is trying to say though we are not relating to the topic of the thread and but that is between......



Both of you are just a laugh a minute, X

One typed SHALE , the other read it as "SHELL" & una con dey debate that ... make una try dey read well sha.

straneur:
Lol.. I think truth234 is correcting him without making a big thing out of it. It's shell oil

modath:
I won't dignify your inanity with a response..

Truth234:
[b]TonyeBarcanista[s] in his last article, labeled this administration a government of failure, tears and disappointment, citing failure of this administration not to have pegged oil price below $35 a barrel but instead projected annaualized average of $38 per barrel was used.

“Oil price is pegged at $38 per barrel even when oil was selling under $35 per barrel as at when the budget was presented to the parliament. Where in the world does that happen?” Said TonyeBarcanista.

In which I responded “they were right to have used $38 as at the time, the OP (Tonye) just doesn’t understand how the calculation works. Oil was $33 a barrel when the budget was drafted but on a 3 months weighted average, it’s around $42 a barrel since it fluctuate depending on global market”.

Currently, oil is trading at $39.50 per barrel, above $38 pegged rate and forecasted to reach around $45 a barrel before the end of the year, as OPEC member nations are meeting later this month to further curtail the situation by reducing production in order to create scarcity.

So far this month, commodity-backed economies like Canada, Nigeria, Australia, etc. are showing better prospect then the rest of the world. For instance, Aussie dollar is trading at 8 months high against the U.S. dollar, while Canadian dollar (Lonnie) is trading at 4 months high and if Naira is not fixed we would be recording similar success but notwithstanding our foreign reserves surged 2.43 percent.

With foreign reserves picking up, the economy will attracts more inflow of foreign currency and foreign investors interested in real growth — like Jumia that just raised $325 million, this is the only type of investment that can help actualize diversification from oil and pave way for consumption dependent economy amid sustainable exports.

Imagine if the CBN had devalued the Naira, not only will our inflation skyrocket, but foreign investors would have seized the opportunity to profit enormously from the system and abscond with their gains.

It is also important to note that these investors only invest in an economy with prospects, since they are investing in the future value, this means the larger portion of them somehow believed in the future of Nigeria, how come we don’t? I guess that is why most Nigerian top brands are owned by foreigners.

I proposed that all the companies that left should be double taxed if peradventure they return, Truworths should be triple charged for starting it. This is because they failed to prove their commitment to Nigeria’s 2020 vision by increasing unemployment rate, creating negative perception of the economy that indirectly led to more capital outflow and most importantly for using us to further their capitalist agenda.
[/s][/b]
http://investorsking.com/buhari-once-again-proved-critics-tonyebarcanista-and-others-wrong/

Bizibi:
it is shale oil not shell,you can learn more about it

straneur:
Lol.. I think truth234 is correcting him without making a big thing out of it. It's shell oil

Truth234:
Why did you think I ask you if it is the same shell oil that is downsizing?

modath:
What are you even saying? Why are you seconding what you don't understand? It's not shell oil, it's SHALE OIL.. Shell is the name of a company, they are two different concepts.

https://en.m.wikipedia.org/wiki/Royal_Dutch_Shell


https://en.m.wikipedia.org/wiki/Oil_shale

https://en.m.wikipedia.org/wiki/Shale_oil_extraction

Bizibi:
you should have written shell oil corp or company but if you mean shell oil instead of shale oil then you are wrong

PoliticalThuG:
The funny thing about zombies is that they have been programmed to defend Buhari. So it is not their fault

onatisi:
Can't believe some zombies dont even know about the existence of shale oil
Terribly pathetic souls

valslove8715:
Am very sure if u intend to renovate ur house it ll take u few hours to demolish d structure dat is not wanted but it ll take days or months for d renovation to be completed. Remember patience is virtue.

RZArecta:
A pathetic case when an entire administration with all the fancy professionals in their employ see Tonyebarcanista as such a big threat they have to celebrate his being "proved wrong"

SIGH BUHARI


KAI APC


MTN IS A USELESS NETWORK

PoliticalThuG:
The funny thing about zombies is that they have been programmed to defend Buhari. So it is not their fault

PoliticalThuG:
The funny thing about zombies is that they have been programmed to defend Buhari. So it is not their fault

junketer:
this ur logic get Q-leg, first and foremost u can't demolish a structure that u have no idea how to renovate. A wise person would've sorted out his renovation plans before demolishing. Even if oil sells again for $1000 pb,buhari and his cohorts will still not do anything to better the lives of d common nigerian bcus they have no clue on what to do. They have no plans, its like they just take each day as it comes.

Truth234:
Like always i have failed again, Royal Dutch Shell Plc. is simply referred to as Shell (shell oil) and they are currently
Its the company Shell that is downsizing, not oil shale, the product or the process "Shale oil extraction".
That was why I asked "if he is talking about the same Shell"

Kyase:
So for your mind you talk something wey get meaning?.

Agubushmenyo:
People Buhari don't give a fvck about:

1) IPODs
2) Fayose
3) Ben Bruce
4) Destructive Critics
5) Wailers

Now the question I asked my brother(wailer) is...

If Buhari don't give a fvck about you guys, why should I??

The answer is......

Because I don't really give a Fvck about them!!


I forsee a better Nigeria!!

modath:
You are so funny, i can't even take offence cos it's obvious you are just clutching at straws, you're referring to another as a failure when you have refused to read & comprehend! issokay...

Someone posted that SHALE is gaining in value (which is even untrue) , you responded with SHELL is downsizing which is not same thing... instead of accepting your faux pas & providing clarification, you are putting up a false sense of bravado .. kontinu.

Like i opined earlier, not all battle is worth fighting, you are a non factor, *mic drop* ..

Bizibi:
But the increase is OK for us in the industry,I don't think we should be celebrating it at all,shale oil is gaining ground by the day in the oil market,the competition is not going to be easy fr Nigeria

modath:
Me sef I confuse o.















Both of you are just a laugh a minute, X

One typed SHALE , the other read it as "SHELL" & una con dey debate that ... make una try dey read well sha.

Truth234:
His words..



How is gaining ground same as gaining in value?

By gaining ground he is referring to global market-share, the reason shell had to come in because they represent Shale oil (WTI). And I don't see them as a competition in Africa because (one) They sell different type of oil,WTI, Nigeria sell BLCO which is categorized as Brent crude, (two), they are gradually pulling out of African market, downsizing.

And if he had said gaining in value he is equally right because WTI (Shale oil) has been gaining for the past four weeks.

My last response to you, please read up more.

Bizibi:
saw your mail but can't access on nl

Truth234:
Do you have BLCO allocation?