₦airaland Forum

Pdp will wax stronger. They are going back to the drawing board. We still need strong opposition party like Pdp to maintain balance in the polity. Let's take Edo state as a case study. Pdp lost few years ago but I believe strongly that next year election will be a game changer for APC there.

It's expected. Also rock is not his home. Please u guys should let this man be.

rabimlomo:
And what did he do for them in the north apart from the so called almajiri schools. The fact is gej was busy trying to secure HIS OWN political future with no regard to the common man, including his kinsmen.
My point is we should seek good government irrespective of religion or ethnicity. The fact is, these politicians only bring religion and ethnicity up when they need our vote, but when they share our common wealth among themselves, they forget all about ethnic or religious sentiment.

Do we also say the SE and SS state governors are seeking favors from the north or whereever that prevents them from helping their people? No, they all seek to enrich themselves at the expense of the masses they are all corrupt and we need to do our best to reduce this level of corruption.
Buhari at the moment seems to be our best option. Let us give him the chance, work with himpray for his government and let's see what he can do within these four years.

Let's pray Nigeria gets it right. I won't be concern with politics as long as I meet my ends meet.

rabimlomo:
A question I've been wanting to ask--- Jonathan, your kinsman was at the top level of govt for 8 years. Did he do anything for you guys? I sincerely want to know.

He focused on the north thinking they will like him. I learn a lesson from it. Well let buhari lead. For me as a person, I do not see change in government. It is still the same old folk wearing new clothes.

I do not want war but I feel we Niger deltans have been marginalised. Those rant about Nigeria military is a mere show. Please yorubas don't heat up the polity. Remember your brodas in Mobil, they will loose their jobs if it starts.

She that has ear let her hear to avoid story that touch

Hissing.......

Nonsense. That wh.o.re claiming Mary. I just dislike them both. How can a normal man post unclad picture of his wife.

The interesting things about our names is that they always have the suffix and prefix of OGHENE.

Corruption is bedeviling nigeria as a country. Insincere leaders is what we have

Jonathan uve not tried at all. U failed us Niger deltans. Ur economic team is not working. Drop Ngozi okonjo. She has made little or no impact. Naira is experiencing gravitational fall because we could not diversy. If I were u, I would have step down. I can't feel the transformation people are talking about

What is he doing at the market? So u go to market for ur wife? It's not African

How much is the phone going?

I love this car.

Nigerians don't protest because of light. Its funny sha. We always go into violence for unjust cause. If we are united on one cause then we could attain lofty height in this country.

Am hoping to see my name. Whoever conceived this idea has made it for life. It is really a brilliant idea of advertising.

This got me rolling on the floor.

I did no 4.

Why not vent your anger on inec? Must u force ur employer to employ u. Let's learn to do things right.

majamajic:
Most churches now is all abt offering and tithes, salvation is no longer the watch word. That torn 50 naira might be his/her last card. Remember the widow's offering in Mark 12 : 41-44.

My brother it might be widows hrt but we shud learn to change our attitude towards God

candy:
Maybe that was all the money the person had.

Maybe he/she assumed the church will bank the money

MAybe he/she didn't know better.

#Dont give God what is left, give God what is Right!

Exactly candy. We spend so much on recharge cards

oloriooko:
Did the pastor burn it or returned it to d offering bag?
Did d pastor care to find out the condition of his members?
Is d money not going to the bank?

The pastor did not burn it. I am not in welfare committee but the pastor is caring.

I don't see the reason why one should put a bad money for God. Last Sunday our pastor was displaying a torn fifty naira dropped by a member of the church. It was embarrassing to me. Can we repay the lord for all his goodness and benefit towards us?

A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With its immense production capacity, it could raise or lower its output to help the global market adjust to shortages or surpluses.

But on Nov. 27, at the OPEC meeting in Vienna, Saudi Arabia effectively resigned from that role and OPEC handed over all responsibility for oil prices to the market, which the Saudi oil minister, Ali Al-Naimi, predicted would “stabilize itself eventually.” OPEC’s decision was hardly unanimous. Venezuela and Iran, their economies in deep trouble, lobbied hard for production cutbacks, to no avail. Afterward, Iran accused Saudi Arabia of waging an “oil war” and being part of a “plot” against it.

By leaving oil prices to the market, Saudi Arabia and the emirates also passed the responsibility as de facto swing producer to a country that hardly expected it — the United States. This approach is expected to continue with the accession of the new Saudi king, Salman, following the death on Friday of King Abdullah. And it means that changes in American production will now, along with that of Persian Gulf producers, also have a major influence on global oil prices.

America was once, by far, the world’s largest oil producer and exporter, and its swing producer. The Texas Railroad Commission determined “allowable” levels of production for Texas, the Saudi Arabia of the day. But by 1970, United States oil production had reached its high point of 9.6 million barrels per day and began to decline.

The United States began to import more and more oil. By 2008, its own oil production was down almost 50 percent from the high point. Oil prices reached $147 a barrel, and fears that the world’s oil production had peaked and that we were beginning to run out of oil had become pervasive.

Quietly, though, an unconventional oil and gas revolution was beginning to pick up speed in the United States. It yoked together two technologies: hydraulic fracturing and horizontal drilling. The impact was measured first in the rapidly growing production of shale gas, which now makes up about half of total American gas. This “shale gale” catapulted the United States ahead of Russia to become the world’s No. 1 gas producer.
Then around 2010, the same technologies started to be seriously applied to the search for oil. The results were phenomenal. By the end of 2014, oil production in the United States was 80 percent higher than it had been in 2008. The increase of 4.1 million barrels per day was greater than the output of every single OPEC country but Saudi Arabia.

Today, American output is almost back to where it was in 1970. On top of that was a million-barrel-a-day gain since 2008 from the Canadian oil sands. The chimera of “energy independence” began to look more tangible, at least for North America.

This revolution also turned out to be a big boost for the American economy, creating jobs, improving the country’s competitive position and drawing in over a $100 billion of new investment. Only rarely has the global oil market seen production increases on this scale this fast. The last time was in the early 1980s, when new supplies from Mexico, the North Sea and Alaska created an oil surplus that led to a price crash.

This time, several things postponed a price collapse. One was the growing consumption in the developing world, led by China. Another was turmoil in Libya, South Sudan and other countries that reduced supply. Over a million barrels per day were also taken off the market by sanctions imposed on Iran. Without that big surge of shale oil from the United States, it is highly likely that those sanctions would have failed. Prices would have spiked, countries seeking cheaper oil would have broken ranks — and Iran might not be at the nuclear negotiating table today.

By the middle of last summer, however, circumstances changed. World economic growth was slowing. Europe was on its back. Since 2004, China’s rapidly rising demand for oil had been the defining factor for the global oil market. But China’s economy was slowing, too, and that meant slowing growth in oil demand. At the same time, Libya managed to quadruple its oil output, at least for a time. That was the trigger for the beginning of the price decline.

It was assumed that OPEC would step in and cut production to boost the price. Trillions of dollars of investment have been made over the last several years on that premise.

But Saudi Arabia and the other gulf countries declined to do so. If they reduced production, they reasoned, they would lose market share permanently. As they saw it, they would be cutting back on their “low cost oil” to make room for “high cost oil,” and then would have to make more cuts to accommodate more high cost oil.

They were looking at competition not only from American shale oil but also from Canadian oil sands and new supplies from Russia, the Arctic, Brazil, Central Asia, Africa and growing volumes of offshore oil around the world.

But, most immediately, they were looking at two neighbors. They did not want to give up markets to Iraq, a country they see as an Iranian satellite, and whose output is increasing. And they certainly did not want to make way for Iran, which they thought might come to a nuclear deal with the United States and its allies, bringing that missing Iranian oil back into the market.

The depth of the price fall may be much more than even some of the gulf producers anticipated. Around the world, oil companies are cutting budgets, paring costs, slowing down projects and postponing new ones. Some may end up being canceled.

Saudi Arabia is hoping that lower oil prices will stimulate economic growth and demand for oil. In the meantime, with their large holdings of foreign reserves, Saudi Arabia and the Persian Gulf emirates can afford to wait.

That is not true for many of the other oil exporters. Venezuela is highly vulnerable to turmoil and even financial collapse. Russia is coping not only with lower prices for oil, which provides over 40 percent of government revenues, but with Ukraine-related sanctions, and seems headed into a deep recession. Culled from NY times.

Nigeria is in a deep shit. our economy is sinking fast. # no lifeline.

Those vying for political position should produce their medical report. We are just guessing and it isn't right. For me buhari doesn't look healthy. When yaradua was sick, this nation was also sick economically. Nigerians vote wisely

Chigold101:
lolzzz Anambra is a STATE not a city... I hope u v leant that one today...

and it is time u wake up & grow up okay... we are about entering into the year 2015... what amsaying is this...before u comment, THINK, then USE ur BRAIN...

Thanks have heard.

Ucheosefoh:
yes better develop than your state both in infrastructure and human capital per GDP

Have heard you.

Ucheosefoh:
I laugh at your ignorance for your information Anambra have one of the best road network in the country, every town is connected by good roads unlike Enugu state where most town are cut of by tarred road.

Anambra the slum city?