Confronting China on Nigerian Crude oil (I)d

By

Sampson Iroabuchi Onwukka

....The world Crude oil market is estimated in excess of 40 trillion dollars, and Shell and company can claim to have made only 1 dollar from Nigerian oil, that they have invested all that they have ever earned from Nigeria in Nigeria. Nigerian was however the highest earner for Shell and many years. In common business market, these Oil companies like Shell or BP is estimated to generate at 2 billion dollars in sales every day in US alone. Once you understand the recent money function between Euro and the dollars, you can be certain that we are honking on at least 5billion in total sales a day. Chinese at not that far behind in recent years, and offering Nigeria pittance for the best Crude oil in the oil is like a big FU. But Nigeria should explore alternatives like asking payments in Gold and not in paper currency which US can print with chemicals.

We are not expected to react to such thing since investing 25 billion dollars seems a whole lot for Deborah Vighram(?) when especially the price estimate for product and quantity surveying will include 10 times the normal rate on pipes that go back to 1960 and never replaced. There will be more pipe leakages in the world and Nigerians in Niger Delta will remain the stock of public jest in Nigeria and in the world. Even last year alone, there were at least 110 Shell pipe leakages in the world, that flaring gas in Nigeria is so secondary affair given the company’s irresponsibility and lack of maintenance vehicle. Perhaps theirs is a drug problem which is not unlike Nigerian, but attention has now shifted over China and their oil company who are touted to be replacing the old. This will only be a beginning and in due time, the same must be asked of Exxon Mobile, Texaco, Shell, and so on, on their relationship with China and on their information net box.

What some Africans and Nigerians have written, I for one concur, that the geography of the continent called Africa in the last quaternary age (25 000) was riddled with flooding and swamp. The Northern part of the Continent the higher and the peak of the very continent was parts Sudan and Egypt noted for its black dregs from Atlantic. Arabian Desert once called Eastern Desert had been part of Africa until 1920, and it contains all forms of Crude oil known to man. But African continent in those 25 years was full of foul vegetation and creatures which might include man. In due time, as perhaps thousands of years passed on, waters ceded back to the Atlantic, Indian, and Red Sea, new lands appeared in the continent including the Sahara (Green Sahara) and then the grasses and debris that settled, replaced each other in ever increasing form that much of what is now Nigerian oil and West Africa strategic location such Ghana, Cameroun and Congo, has large depository of this silt and green vegetation that go back to the creation of the world. The West African continental Coast and Shelf from Atlantic ‘bight of Biafra’ still bear much of that remaining history and Crude oil is easily available in that region. It explodes to the surface during intense periods of earth’s movement. Nigerians of Niger Delta and the Cameroun are aware of this old anomaly, and in fact think each time it happens, the native that the goddess of the sea is angry. Even there, the waters are still receding and swampy oil Rich Bayelsa state of Nigeria is experiencing New Lands.