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fuel marketers

Flying round-the-world without fuel

Last Monday June 20, 2016 one of the two pioneers’ for clean energy, Bertrand Piccard who took control of the cockpit of a solar airplane at 6.30 UTC from the JFK airport New York, cruised across the Atlantic Ocean without fuel and landed safely at Seville Airport, Spain Thursday June 23, 2016 by 05.38 UTC. The airplane named Solar Impulse 2 had a 71 hours 8 minutes uninterrupted flying time. The Flight 15 in the series of the first Round-The-World Solar Flights without fuel covered a distance of 6765 km, flying electric with solar energy of 1388 kWh, zero fuel and zero emissions. Piccard’s transatlantic adventure was anchored on research and development in aviation powered by the sun.

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fuel marketers

Paying more in glutted fuel markets

Today we are in the club of nations producing petroleum and not knowing what to do with it; groping and wallowing in memories of long-gone old days of not knowing what to do with our petrodollars. Collectively we have not been able to utilize our innate releasing mechanisms to stimulate triggering instinctive behaviours to tackle identified challenges.

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Development areas not cannonades

Last Sunday President Muhammadu Buhari in a national broadcast to mark his one year in office called for dialogue with the Niger Delta communities to find lasting solution to the spate of vandalism of critical energy infrastructure. He did not mince his words on militiamen testing the administration’s will and resolve. There was the choice of carrot-and-stick approach by the President which may be ideal. But the current agitators’ comprehension of the meeting between government and ex-militants in Abuja and Benin may not have been that of a conciliatory gesture considering the President’s speech to fish out the perpetrators, and their sponsors brought to justice.

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Fuel price hike: Nigerian economy on the precipice

Though stakeholders are divided over the impact of the fuel price hike on the Nigerian economy in the medium to long term, it is however, a general consensus that in the short term, the effect of the hike on the economy would be unpleasant and near disastrous. In the wake of the hike, the Federal Government and other stakeholders had stated that the new price would bring temporary hardship on Nigerians, stating that it is a bitter pill that everyone must swallow for the country to survive difficult times and move forward.

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Impressionistic Corruption and Niger Delta Howitzers

Last week a group in the name of Niger Delta Avengers blew up the Chevron oil platform, signaling the return of militias. They made some demands, including the blighted Niger Delta oil spills that require remediation. In January, there was a similar bombing of a similar oil facility. There is an upwelling of unauthorized quasi-military group using weapons, arms and ammunition in the Niger Delta.

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Wranglings stall Qatar Oil talks

By Sonny Atumah The talks for a possible oilfreezeagain ended in a deadlock with infighting between two rival Middle East oil producing giants and adversaries, Saudi Arabia and Iran.The 18 oil producingthat gathered to stabilize output were from OPEC and non-OPEC membersthat contribute three quarters of total world production. The April 17 disagreement in the
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Justice, Ogoniland remediation Et Al

The 26th United States President, Theodore Roosevelt recognised that the vast natural resources of the United States were not limitless so should be managed carefully for the betterment of his people. He acknowledged that American citizens are the most valuable natural resources. To him protection of human health was central and valid for the conservation movement which he developed for the sustainable use and protection of natural resources.

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Buhari’s war against insurgency and WAI

As military Head of Statefrom 1984 to 1985, President Muhammadu Buhari came to power at a time the economy was in tatters even as some second republic politicians alleged Nigerians were yet to eat from the refuse bins.He introduced the War against Indiscipline (WAI) to force Nigerians exhibit correctethical conduct. WAI gained popularity especially the queue culture that took root in Nigerians even after his ouster from office by his comrades-in- arms.

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Dangote: Surveying to be world’s richest

It was Josh Billings that said that “occasions are rare; and those who know how to seize upon them are rarer”. Josh Billings is the pseudonym of the 19th century America humourist (comedian), Henry Wheeler Shaw whose philosophical comments in plain language became popular after the American Civil war. That quote introduces my “guest” who is a rare gem that sees rare opportunity and at the opportune time seizes it. This time he has ventured into the downstream sector of the petroleum industry. Should one resist such a man as Africa’s richest man? Aliko Mohammed Dangote, who I will prefer to address as Mr. Africa makes this edition of the Oil and Gas Summiteer.

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