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Showing posts with the label natural resources

Budget and economy under threat in Nigeria

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If the Nigerian government is funded primarily by oil production, what happens if production falls? Will higher oil prices rescue everyone again? Nigeria’s oil output drops by 150, 000 bpd under Shell’s force majeure NIGERIA’s daily oil output has dropped by 150,000 barrels per day (bpd) as a result of the shutdown of Nembe Creek Trunk Line. In its 2018 budget, the Federal Government had earlier projected to produce 2.3 million bpd at the reference price of $51 per barrel. But with this development the target would not likely be met. But the development has not yet impacted on the market as Vanguard’s survey of the oil markets around the world showed that the price of Nigeria’s Bonny Light was still a little below $80 per barrel… Investigation showed that despite increased government romance with stakeholders in the Niger Delta, the region has continued to record pockets of pipeline vandalism, meaning that oil operations may still under threats of disruptions. In its latest report re...

Non-industrial oil production

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This was originally posted by Dave Kruiswyk at the Facebook group, AP Comparative Government and Politics Teacher Page. The report comes from VICE News which is an international reporting organization. It employs over 100 reporters in 35 offices around the world. (See VICE News on Wikipedia I don't know enough about VICE News to have a handle on its editorial biases, but this report seems to be more adventurous than mainstream media. Financing comes from its UTube channel and sales of its reports to various cable networks. This report looks accurate and realistic to me, who has never been there. There are a couple profane expletives that you might want to preview before using this in class. Teaching Comparative blog entries are indexed. Use the search box to look for country names or concept labels attached to each entry. What You Need to Know 7th edition is ready to help. Order the book HERE Amazon's customers gave this book a 4-star rating.