₦airaland Forum

jazzydee:
@OP what you do not understand is that a low oil price affects the USA as much as it affects OPEC.

While low oil price in the market reduces the revenue accurable to OPEC, it will have a much bigger impact on the US oil production: Shale oil was only economical because of the high price of oil in the market since shale oil production is a very expensive technology far more expensive than the conventional methods used by OPEC, a low price of oil in the market threatens the boom in shale oil in the USA. If this is sustained over a long time shale oil production will grind to a halt as it will no longer be profitable, at present many fields that were earmarked for shale production projects has been abandoned because of the low market price of oil. This might mitigate against the gains that USA has made towards energy independence. USA might start importing large qty of oil from OPEC(Nigeria) again if this low price continues.

Lower price of oil is not goodnews to the American govt. and its energy future and outlook, it might be good for the masses as the pump price may come down!
And also dont forget that 70% of the oil majors are located in USA and quoted in the US stock exchange low profits/gains in this oil majors has direct impact in the US economy.

It would have been better if the OP's discussions have been in the form of enquiry.
@OP, I will advice you stop blaming America for Nigeria's economic and developmental woes.
Leaders in goverment should put on their thinking cap and help to shapen a formidable economic plan for this nation.

I will be waiting to see if the low price in oil will translate to a reduction in pump price in Nigeria but I doubt it.

menix:
@OP.. No play wiv fire oo.. If u know watin fit u beta com complete am sharply..

@OP, you can't come and keep us waiting with this sensitive topic. Do something now or else...

dguyindcorner:
What are your insinuations jare?

You are still here asking questions? Train don move o

slightlyMad:
i see pastors saying God called them home.

So what! This your moniker sha...

Ikengawo:
why do you say that?

It will limit professionals from concentrating on a particular field because of patronage/monetary benefits.

Ikengawo:
not at all. If a nurse or doctor can be also hired as a health consultant both sides win.ore jobs and money for practitioners as well

0merta:
Now where is that Motherfuccker called "God" when you really need him? Why couldn't he save the Munroe family when they needed him the most?

"God knows best", the gullible Jesus aficionados will say to console themselves.

"God" is non-existent and if he does exist, then he must be a petty, unjust, unforgiving, vindictive, bloodthirsty, misogynistic, homophobic, racist, infanticidal, genocidal, filicidal, pestilential, megalomaniacal, sadomasochistic and capriciously malevolent Motherfuccker!

He died on board a private jet?

A private jet?

Haba! This is serious, you still dey here dey querry God? You definitely need help more than the deceased.

RIP Myles Munroe, wife and all the unfortunate crew members.

loopman:
Imports! While I may want to say amen to your prayers, the prognosis going forward is not exactly encouraging.

Nigeria is in for a rough ride and we have little or no external reserve to cushion us, it has almost been squandere by this govt on political patronage of different interests.

No mention that external reserve o, is that not part of this administration's achievement, who now squandered it. What happened to $38.2billion?