Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku - Politics (3)

Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku (18043 Views)

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:21am On Jan 31, 2019

BruncleZuma:
Aunty which grade of oil are you referring to Brent or OPEC Basket as they do not sell at the same price due to their chemical and physical properties? To throw insults due to ignorance doesn't help your case.

Here's a link for you to read and be enlightened a bit.

https://www.google.com/amp/s/oilprice.com/Energy/Crude-Oil/A-Detailed-Guide-On-The-Many-Different-Types-Of-Crude-Oil.amp.html

We have the best and most expensive crude oil in the world in BONNY LIGHT, it went up to 125$ during those period when other types were around 105$. No one is throwing insult here I was just trying to fact check Atiku

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Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by KardinalZik(m): 6:25am On Jan 31, 2019

post=75277835:
ALL LIARS WILL GO TO HELL FIRE!!
Atiku, the father of LIES!!!

Same person that lied about calling a slain soldiers wife to score cheap political campaign points.

Same criminal that told us his parents died when he was a young boy, and here is a pic of him and his mother after he started spraying his spermatozoam EVERYWHERE as an adult!!

A LIAR CAN NEVER CHANGE!
Mofo CRIMINAL!!

If Atiku is a liar, what can we say of Lai Mohammed?

2 Likes

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by GEEBITE: 6:26am On Jan 31, 2019

Where are the figures from 1999-2004,let compare and contrast with 2015-2019 so we can understand the context Atiku was speaking here.

2fine2fast:
Source: https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

No need for argument.
PDP continue.

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by olaitan4u1: 6:26am On Jan 31, 2019

Pekele007:
Only brainless illiterates and Buhari media cows believed that oil was sold at $100 for 16 years of course.

You can't support Buhari without sounding stupid aswear.

While you can't support Atiku without sounding like a criminal.

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by GEEBITE: 6:31am On Jan 31, 2019

That price $125 you quoted was just for about 5days during Yardua's time after it was the catastrophic economic meltdown.That showed it was artificial and insider trading related and even at thatNigeria was unable to fulfil its order due to high level of militancy in ND.You guys should stop throwing figures up and down,I am most disappointed every time PYO throws those numbers up.

anjigirl:
We have the best and most expensive crude oil in the world in BONNY LIGHT, it went up to 125$ during those period when other types were around 105$. No one is throwing insult here I was just trying to fact check Atiku

2 Likes 1 Share

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Num07033711115(m): 6:31am On Jan 31, 2019

Nawao 70% on politics post is atiku pdp on the way

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nonsoco80(m): 6:34am On Jan 31, 2019

post=75277835:
ALL LIARS WILL GO TO HELL FIRE!!
Atiku, the father of LIES!!!

Same person that lied about calling a slain soldiers wife to score cheap political campaign points.

Same criminal that told us his parents died when he was a young boy, and here is a pic of him and his mother after he started spraying his spermatozoam EVERYWHERE as an adult!!

A LIAR CAN NEVER CHANGE!
Mofo CRIMINAL!!

Poisoned dead meat seller. Stop derailing the thread.

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:34am On Jan 31, 2019

Pekele007:
How much did your dullard Buhari meet in the external reserve?

Bmcs are something else aswear

$27b which was originally $50b but PDP under lord clueless crashed it all and even began to borrow to pay salaries

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Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:35am On Jan 31, 2019

helinues:
How much did Pdp save for that 2 years. If no savings, any projects to back it up?

Ask the following:
1. Babatunde Fashola - went to Supreme Court to stop the saving
2. Rotimi Amaechi - led Governors to stop transfer to excess crude account
3. Adams Oshomole - challenged Okonjo Iweala and AGF to share all accruable funds in the Federation account
4. Kayode Fayemi - co-conspirator to Fashole and member of "lets share the money now ... let the next generation earn and share theirs".

2 Likes 1 Share

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by GEEBITE: 6:36am On Jan 31, 2019

Big fat lie,the middle class rose again and I recall there was massive influx of cars(tokunbo) and towns started growing again as civil servants and teachers got a lot of money paid them in arrears.There was even a yoruba coinage for that period dedicated to Obasanjo

theoldpretender:
Our forex needs were less.in 1999 than they were in 2019.

Plus Obasanjo's first term was hard. Remember how they used to tell us back then that it takes time to fix the damage the Army has done

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Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by bosmann11: 6:37am On Jan 31, 2019

BigIyanga:
PDP grew our economy in 1999 from less than $200bn to $500bn
PDP grew the reserve from $4bn to about $50bn
PDP increased the minimum wage from less than N3k to N18k a whopping 600% increase.NLC is asking for about 60% increase and APC is crying that it is impossible.
PDP wiped off our foreign debt incurred by military guys like IBB, GMB and Abacha .
PDP introduced GSM technology by connecting over 100m while military guys like GMB and Abacha funded NITEL to only produce 400k lines.
PDP recapitalized banks and allowed over 50m Nigerians access to bank and banking products unlike GMB era
PDP didnt make Naija look like Dubai in 16 yrs, but APC must match these achievement by 25% since they have been in power by 4yrs. Blame cant do these but actions!

Were all these done under 4years? Haba get sense!

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by helinues: 6:37am On Jan 31, 2019

Amitez:
Ask the following:
1. Babatunde Fashola - went to Supreme Court to stop the saving
2. Rotimi Amaechi - led Governors to stop transfer to excess crude account
3. Adams Oshomole - challenged Okonjo Iweala and AGF to share all accruable funfs in the Federstion account
4. Kayode Fayemi - co-conspirator to Fashole and member of "lets share the money now ... let the nect generation earn and share theirs".

Those are the money meant for states. What did Fg do with his own share?

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by MrPresident1: 6:38am On Jan 31, 2019

GEJ sold oil at over 100 dollars and we had a prosperous time because God was with him. There was enough to eat and drink and spend during his time.

Then you people said you prefered judgment and voted buhari.

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nonsoco80(m): 6:39am On Jan 31, 2019

post=75277892:
Yaaaawwwnnn to this pained junior wailer.
Wait for your senior wailers to comment kiddo.....

Meanwhile, go carry your gala carton and enter street hustle, your mates don dey traffic already, Lazy tin!

Lame. For you everybody is gala seller.. Selling gala is far better than your business of roaming about looking for dead animals(goats, dogs) to buy and sell.

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by BruncleZuma: 6:42am On Jan 31, 2019

anjigirl:
We have the best and most expensive crude oil in the world in BONNY LIGHT, it went up to 125$ during those period when other types were around 105$. No one is throwing insult here I was just trying to fact check Atiku

False: it's not the best it's just a name...all crude have names and never sold at 125 at anytime in it's history.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=INI1500008&f=M

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:43am On Jan 31, 2019

Esseite:
Obasanjo's time was not this hard, now the ability to get things going as fast as possible from an actual zero treasury the army left takes initiative which the APC lacks.

The PDP grew that forex which you have confirmed, wiped off the debt through negotiations, relationships and above all unity and equity which breeds a safer country for investors. They knew how to run a nation.

Indomie child Obasanjos time was terrible and you need to shut it.

Why do you think Obasanjo and Atiku met our naira to dollar exchange at 25 naira to a dollar but when they left after 8 years it was 127 naira to a dollar?

They wrecked the economy and impoverished many.

Buhari met the dollar to naira exchange at 90kobo to a dollar and left it that way without any drop in the value of the naira.

Tell me who is the economic illiterate between the two

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:44am On Jan 31, 2019

GEEBITE:
That price $125 you quoted was just for about 5days during Yardua's time after it was the catastrophic economic meltdown.That showed it was artificial and insider trading related and even at thatNigeria was unable to fulfil its order due to high level of militancy in ND.You guys should stop throwing figures up and down,I am most disappointed every time PYO throws those numbers up.

You are just decieving yourself because there is no single day Nigeria did not lift at worst $1.2 million barrels of oil since 1999 beside Nigerians Bonny Light was sold between 95$-125$ for complete 4 years not 5 days at you wrote up there.The records are there

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Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by gomeks(m): 6:46am On Jan 31, 2019

Pekele007:
Only brainless illiterates and Buhari media cows believed that oil was sold at $100 for 16 years of course.

You can't support Buhari without sounding stupid aswear.

and the stupid followers believed atiku. Fools

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:46am On Jan 31, 2019

Amitez:
Ask the following:
1. Babatunde Fashola - went to Supreme Court to stop the saving
2. Rotimi Amaechi - led Governors to stop transfer to excess crude account
3. Adams Oshomole - challenged Okonjo Iweala and AGF to share all accruable funds in the Federation account
4. Kayode Fayemi - co-conspirator to Fashole and member of "lets share the money now ... let the next generation earn and share theirs".

That was because lord clueless GEJ in the guise of saving for the states was still looting from it.

Every time they asked for the statement of account the governors saw that the money instead of increasing was decreasing. This was why they said they wanted to save it themselves and asked for the money to be shared.

GEJ was a thief under PDP same way Atiku is a thief under the same party

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by ada9ja(f): 6:49am On Jan 31, 2019

DonFreshmoney:
Buhari and his lifeless team always makes the assertion that crude oil price was at $100 for 19 years. The fact is that you can't compare the obj/atiku administration and this present one.. OBJ administration had all the indices against them..
-price of oil was very low
- they were the first democratic elected president
- huge world debt
- worse infrastructure
-low external foreign Reserves
But they performed excellently with the little resources at their disposal

‎https://www.indexmundi.com/commodities/?commodity=crude-oil&months=180&commodity=crude-oil

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by FrankFrenzy(m): 6:50am On Jan 31, 2019

handie:
The undisputable fact is, a whole lot of monies accrued to the PDP led Federal Government between 1999 and 2015..... If such monies were made available to Muhammadu Buhari, then he would have done way better than this...... But in PDP's case, the country ain't really got nothing to show for all these huge monies they got

Monies like the 50 Naira stamp duty that all Nigerians making cash deposit in excess of 1000 Naira are being forced to pay. Do you know how much money the present FG makes daily from surcharging the citizens #50 for every single deposit in excess of #1000 daily. Recently FG stopped bearing charges for all Remita transactions which hitherto was borne by FG. Now the Nigerians are forced to bear charges for any payment made to TSA via Remita platform.
#WehdoneSir

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by trillville(m): 6:50am On Jan 31, 2019*

theoldpretender:
We are borrowing because oil is below the price we need it not to borrow.

Right now, we need oil at 140 USD before we can run a budget without borrowing. Oil is at 60 USD.

Foreign reserves are not for spending recklessly. They are a buffer for the day when Nigeria cannot sell oil.

I'll give Buhari kudos for growing the reserve amid declining oil prices. Venezuela did not do the same. See where they are now

When a country earns money in foreign currency, it can do two things: set up a sovereign wealth fund(excess crude account) or save the foreign currency in its foreign reserves.

What is the difference between these two accounts?

In foreign reserves, the naira equivalent of the dollars earned is spent by the country and only the dollars remain in savings. This means that the country can only use the dollars to meet the demand for foreign currency by its locals and not for purchasing infrastructure or investments. The value of money in the foreign reserves has already been spent by the government and cannot be spent twice.

Sovereign wealth funds are what we believe are foreign reserves, true savings that can be used for investments, infrastructure or whatever.

The increase in our foreign reserves reflects the increase in our foreign borrowing, not better management of earned funds. the naira equivalent of that money has already been spent.

The only props a person can give this government is by reducing the demand for dollars by raising the price of dollars (from 160 to 360) which has invariably brought untold hardship to the Nigerian masses.

By the way, the key difference between Nigeria and Venezuela is that the Venezuelan MASSES are used to drinking milk(fresh milk), eating pasta, eggs, butter(not margarine), cheese, brioche, sausages and other assorted foods uncommon to average Nigerians. Many of these foods are imported into Venezuela so when oil prices fell and the value of their currency fell, the common people in Venezuela could no longer afford the food they were accustomed to. In Nigeria, our diet is very West African and our masses eat locally produced food. Food prices may have fallen as farmers compete to sell their perishable foods to fewer people with money.

In summary, the Venezuelan crisis is a result of the taste and preferences of the Venezuelans and not because their government is worse or better than ours.

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by ada9ja(f): 6:52am On Jan 31, 2019

Atiku might be lying and if its true and you still support him then who is the ZOMBIE

click here and find out ‎https://www.indexmundi.com/commodities/?commodity=crude-oil&months=180&commodity=crude-oil

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:52am On Jan 31, 2019

BruncleZuma:
False: it's not the best it's just a name...all crude have names and never sold at 125 at anytime in it's history.

Tired of replying you guys you need to go on google.Bonny Light is the best and the most expensive crude oil out there even as of today when others are around 54$,Bonny Light is 62.5$
It’s the most sought for by Americans and Europeans.
American call it sweet oil.About the 125$ Go on google it’s there
Not going to reply this thread again

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by BruncleZuma: 6:53am On Jan 31, 2019

anjigirl:
Tired of replying you guys you need to go on google.Bonny Light is the best and the most expensive crude oil out there even as of today when others are around 54$,Bonny Light is 62.5$
It’s the most sought for by Americans and Europeans.
American call it sweet oil.About the 125$ Go on google it’s there
Not going to reply this thread again

You keep mistaking nomenclature for quality...

There's Heavy, Light and Sweet due to their density and sulphur content...

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=INI1500008&f=M

That's the US EIA BonnyLight never sold 125 for four years...it happened in 2011 for 4-5months

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by BruncleZuma: 6:54am On Jan 31, 2019

ada9ja:
Atiku might be lying and if its true and you still support him then who is the ZOMBIE

click here and find out ‎https://www.indexmundi.com/commodities/?commodity=crude-oil&months=180&commodity=crude-oil

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=INI1500008&f=M

1 Like

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by hoopLA: 6:57am On Jan 31, 2019

BruncleZuma:
Oil, Bonny Light was close to 100$ in a spread of 4 months between 1999 and 2018 and not 16years or even 4 years

Ok o

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Nobody: 6:58am On Jan 31, 2019

BruncleZuma:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=INI1500008&f=M

That's the US EIA BonnyLight never sold 125 for four years...it happened in 2011 for 4-5months

Post where i wrote 125$ for 4 years
I only wrote between 95$-125 for 4 years which is very correct because you just said it was sold 125$ for 4-5 months

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by Tloc(m): 6:59am On Jan 31, 2019

Who says Ghana's population is 13 million? You guys research before misinforming people. Ghana has a population of close to 30 million people.

Re: Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku by kunmiiii: 7:02am On Jan 31, 2019

Pekele007:
Our external reserve is $40b yet the dullard is planning on borrowing from India again

Check your google again bro

Did you just type this!! Chisos!!!

Why are we borrowing?? You are actually the dullard here, even the US with a titanic reserve still has the largest debt profile in the world.

Well, I don't need to echo the tutoring you've gotten.

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