Traditionally the power and influence of first term American Presidents start with their accomplishments in a hundred days in office. President Donald Trump in wielding that power reversed President Barack Obama administration’s leasing ban on oil blocks in the Arctic, Atlantic and Pacific waters. The euphoric executive order was also to open up exploration activities in the Virginia and North and South Carolina where drilling has been blocked for decades.

The U.S. Energy Information Administration revealed that domestic crude supplies fell for a fourth consecutive week by 900,000 for the week ending April 28 through inventories still strong despite OPEC crude oil exports dropping on the aggregate in April

We have a riotous exchange rate and the solution is get dollar from our reserve to shore up the Naira value

The North Korean existence is indeed solitary and withdrawn from the rest of the world

The inability to secure buyers has been a major impediment to the development of many LNG projects

The non-reliability of the state owned Power Holding Company of Nigeria, PHCN necessitated its privatization by the Federal Government a few years ago

The lessons of Edison and the evolving Fourth Industrial Revolution which is characterized by the digital technology is that Nigeria must break out from stereotypes

The Organisation of Petroleum Exporting Countries, OPEC on November 29, 2016 lidded members’ production output to bring global oil inventories back to levels that would shore up prices. For the first time since 2008 the coalition of 24 producer nations of OPEC and non-OPEC members agreed to cut output by five percent (approx.1.8 million barrels per day, bpd) for six months starting January 2017.

Most Nigeria ports along the Atlantic coastline are not strong in merchant shipping so need restructuring

More downstream investments are needed to be in the group of 20 nations, G20 soon

We must put our existing complex refineries and petrochemical plants to work and possibly upgrade them

Twenty one years after Babangida left office thoughts on thievery from the privileged class in Nigeria continued smartly and with sophistries

A cause for worry now is the reliance of the country on petrodollar from International Oil Companies

International oil price rally this year will depend on oil-producing nations upholding their side of the bargain to cut 1.8MMbpd from supplies globally

Experts believe that Trump in his orchestrated America First policy is using energy to stimulate an economy that was on the verge of ceding its number one status to China