All: The end is at hand. We all know that once the oil is finished the North will say bye bye to BiafraNigeria.
BiafraNigeria’s oil reserves are to be exhausted in 29 years time, a British Petroleum (BP) report has said. The recent report, which was carried out by BP to ascertain the quantity of oil reserves available worldwide and how long it would take to exhaust them, indicates that BiafraNigeria has 22 billion barrels of oil untapped.
According to the report, it would take 29 years to exhaust these "proven reserves" available in the country if the current production level would be maintained.
Since there is no reason that current production levels would not be maintained, this means that the longest that the North would want to remain in BiafraNigeria is the year 2030. Of course, by then, the Biafrans would already be gone.
I hear you. Can you imagine that the awusa people through NNPC have intensified effort in prospecting for the so called chad basin oil with the money from the present oil. As usual the rest of the country will just look on like lucozade. God will help us!
___________________ Awo's political idea was based on the assumption that any town beyond Owo was Igbo or Hausa. Awo was not socialised; he was not a good mixer because he did not have the opportunity, which the secondary school offered. ~TOS Benson, Baba Oba of Lagos
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I don't give a damn. Biafra has never been dependant on oil but other resources.We believe in diversed and mutual economy. It is the parasitic repellents skunks who should be worried come 29 years.
I guess you could say after 29 years Abuja will be a gutter and smelly capital because they will not be able to maintain it with oil money. I have always said in America, buying a house is as easy as walking in and out of the bank with loan but maintaining the goddamned house is not that easy.
Nigeria spent millions of dollars to build the Murtala Mohammed Airport only to reduce it to logistical problem and 190 degrees of constant heat air. The Capital of BiafraNigeria was moved solely because Lagos was a disgrace with filths. Abuja is not at least 7 years in full function. I give the capital at least 10 more years to exhust.
Hail Biafra
Posts: 1672 | From: Minnesota USA | Registered: Mar 2001
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If Nigeria were really a nation, ALL of that oil would immediately be declared a strategic reserve. All oil sales would stop immediately, and other means of generating revenues would be seriously explored. But, we all know that it is not going to happen. The sooner the thieves that rule Nigeria can get all the oil out of the East, the better, or so they think.
Everyone is thinking like a fool. I have been warning my Yoruba brothers and sisters. But, they are not paying attention. The East has learned to live without the oil. But, the West and the North have only learned to depend on oil money. When the oil is finished the West and the North will be starting from scratch.
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I wish it will finish in 10 years instead of the 29 years. So that the North can finally work for a living like everybody else. The North have squandered Billions prospecting for oil in Former Gongola state area, To yield nothing. Everybody knows that the only reason Nigeria is still one country is because of the oil. Once that oil is kaput it will be everybody on his own. Like Our Igbos will say Onye obula aga azaawa zie aha nna ya.
Please Nigeria exhaust the oil as soon as possible. The Only reason Nigeria will ever look for alternative revenue resources is only if the oil is exhausted period. No two ways about it. I bet you all that the power that be in Nigeria will not take this report serious. They will probably get more busy stuffing their pocket before the oil money runs out. So gentlemen fasten your seat belt the next 22 years is going to be free for all embazzlement galore.
We may not even have to wait until 29 years from now. The major consumers of fossil-fuel generated energy, the " advanced economies" of Europe and North America have been working on alternative energy sources such as fuel cells.
The first generation of such technologies will be showcased and the ideas sold to investors by the year 2004. Research and developement on these new tecnologies are under-written by the same multinational energy corporations such as shell, and Exxon-Mobil the current polluters of Niger-delter.
Given the relationship between promissing new technology and money-making, experts believe that venture capitalists will encourage budding industries in fuel-cell technology by huge capital investment.
The key advantage of these new energy sources over fossill-fuel dependent sources is their zero harmfull exhaust emission.
Biafranigeria may endup with most of their oil reserves, but no major consumers. Then its current basket-case status will pale in comparison to what is to follow.
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Gen. Ojukwu has said that the landmass of Northern Nigeria should be viewed as a natural resource. Since the North is opposed to resource control, the North should not control its landmass, just as the East does not control its oil resources. The North should peacefully surrender some of that landmass now before the oil is finished. Otherwise, when the oil is gone, we shall invade them and take over their land as compensation for the resources they stole from us during the years that they controlled the military and the economy.
Posts: 94 | From: Richmond, VA | Registered: Jun 2001
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Brother Akpan You know what you are right that is not a bad idea. considering that the ecosystem in the East have been raped and distroyed. Once the oil is finished the North will go back to their enclave and resocitate their Agricultures while the East will be left with unfatile land.
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It looks like BiafraNigeria's oil reserves are being further downgraded. With 40% of BN's oil in Shell's hands, if the reserves held by Shell in the US is being downgraded, the implications for BiafraNigeria's reserves are clear. A company that is lying about its reserves in the US is probably doing the same in BiafraNigeria.
The way these foreign inspectors are looking so closely suggests that they believe the figures given in the past to be exaggerated. Obasanjo's oil 419 is about to be exposed.
Posts: 397 | Registered: May 2001
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I see your point. Wherever you see crime, you will see Obasanjo's criminal hand. It seems that even the lies that Shell told about its reserves in America had Obasanjo's nIGERIA written all over it
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May this oil should be deplete fast, so that Nigeria fat cats can start working for living for a change. Is not going to make a difference to average Biafranigerian whether oil finished or not. the oil wealth never get to them any way.
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So much for Obasanjo’s war against corrupt practices…
After handing oil-rich Bakassi out to Cameroun, hiking fuel prices and then slamming some sky-high taxes on fuel and other petro-products, banning the importation of other fundamental goods, making a huge joke of “privatization” and furthermore, destabilizing the local economic scene, I cease to be amazed that this country should now be in a quandary. Perhaps, if the oil reserves scandal had not become public notice, a lot of us may not fathom why this government is being particularly harsh on Nigerians.
Here’s the scenario: The oil reserves have depleted massively. Government has not put in place any thing to help grow the local economy. It needs to maintain a shroud of secrecy about its real strategic reserves in order to protect her interests and that of other foreign investors.
I hear that the money that accrues from the extra taxes on Petrol would be put in a special ‘box’, and from time to time, government would dip into this treasure trough to fund important projects. But then, on what real assets (petroleum/natrural gas reserves) is government making these and further financial projections if they fail to recognize or react to the fact that her foreign co-conspirators are having a hard time balancing their own books especially when they have expressed palpable fears on the possibility that further on or offshore drilling may not yield commercially exploitable quantities of crude oil? What is government doing on the local scene to stifle further fatal economic meltdowns that may result from forseeable spikes in oil prices?
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