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future without oil

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Suppose a bad fairy waves his wand, and poof! … Sort of. Valid and touching as these opinions may be, logic and stronger permutations suggest that closing the border is a wise initiative, especially in consideration of the not-too-distant benefits that will accrue from the policy. Emotionally laden arguments have been made against shutting the land borders, pointing towards hardship and daily struggles of Nigerians. This Christmas season I had intended to engage in a critical investigation of religion given the powerful theological si... By Douglas Anele It must be admitted that throughout history individuals in positions of power and influence, especially... By Denrele Animasaun ‘The writer cannot be a mere storyteller; he cannot be a mere teacher; he cannot merely x-ray socie... 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This decline, made worse by the failure of the previous administrations to save for the rainy day, has impacted negatively on the nation’s balance sheet and financial strength. When you get back from work, you open the door and walk in, what do you see? Identifying this problem, the All Progressives Congress, under the leadership of Comrade Adams Oshiomhole, proposed important, albeit difficult, reforms to the people on ways to achieve self-sustenance and boost the revenue generated from sectors such as agriculture and manufacturing for economic growth, protection of sovereignty and eradication of poverty. Start by joining 1 Million Women's Carbon Challenge and taking direct action to reduce your carbon footprint. A Future Without Oil . This is just one example of the way in which bacteria could support a future without oil. Nigeria’s immediate future looks bleak without oil revenue—it doesn’t have to be that way REUTERS/Akintunde Akinleye The Dangote Oil Refinery under construction outside Lagos. Renewable fuels such as ethanol and biodiesel hold the greatest promise of immediately reducing oil consumption because they are available today for use in existing vehicles. Lords of Water. One of those was the extreme concentration on one resource and revenue source – oil – and an import intensive economy. Yet, the picture we are confronted with is different: demand for fossil fuels keeps growing. Oil is one of the world’s major energy sources, yet the demand for oil is falling, not only as a result of the pandemic, but more importantly, as a result of the move by countries to focus on zero carbon energy sources. Out of an oil refinery you can cook up crude oil very hot and get some useful gases. This is just one example of the way in which bacteria could support a future without oil. Without oil, … Suppose the future without oil arrives very quickly. Suppose a bad fairy waves his wand, and poof! Such philosophy applies to this same situation currently trending in Nigeria, but solace is to be taken from the benefits obtainable from export capable economy and a country that can feed itself without necessarily shipping away its wealth to Asian nations like Thailand, Vietnam, etc., just to import a commodity that can be produced and processed in the country’s vast wealth of arable lands. April 20, 2020 will go down in oil-market history as the day when the U.S. benchmark price for crude dropped below zero for the first time -- and then kept falling. Evidently, the APC is guided by an ideological spine, consistency and commitment to the realisation of such ideals that are premised on the eradication of poverty, infrastructure development, ending endemic corruption and upholding the sovereignty and territorial integrity of Nigeria through the neutralisation of all security and economic threats. They are the co-authors of “Life Without Oil: Why We Must Shift to a New Energy Future.” Read more from Outlook , friend us on Facebook , and follow us on Twitter . Beyond BP: A Future Without Oil. We're switching our banks, super or pension funds if they invest in coal, oil or gas and we're sending an open letter to the world's leading financial institutions that are funding fossil fuels to tell them to stop! Since this is the Business/Economy page, very little will be said about security. ", The second is more frightening: "Suppose the future without oil arrives very quickly. It is vital to transport (air, sea, road and rail) and also the production of goods like tar and plastic. Whilst the party and government have hitherto been seen as different entities, Oshiomhole, through credible leadership, has bridged the divide, using tact and diplomacy to ensure that elected officials on the platform of the APC remain true to the party’s promises and guiding principles. To materialise this promise to improve and change the condition of things in Nigeria, the current administration, through the party’s ideological framework, has applied divergent measures to ignite an independent and export-inclined economy. IT is without a doubt that Nigeria’s primary resource of revenue, oil, has dipped in the international market due to global politics and increased production of hitherto oil-buying nations. A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc. Prior to the discovery of a commercial quantity of oil in Nigeria, the country was widely recognised and famed for her large scale exportation of cash and food crops and all other agricultural products. Robinson, Michael F. Interview with Kate Brown, author of Manual for Survival: A Chernobyl Guide to the Future. In 2009, Margaret Atwood wrote a piece for German newspaper Die Zeit called "The Future Without Oil." Is this the future of a world without oil?   As extremely high paying oil jobs transition into a more transit, financial, and service industry many fear that oil-funded government programs will end. Future without oil. An adjustable feature may … Oshiomhole’s envisioning of a future without oil and the education he provided on why Nigeria must urgently address issues hindering growth in other sectors and promoting overreliance on a single source, serve as an abiding faith of the party’s promise to present an alternative to snail-paced development, lack of accountability and a painful lack of sense of direction witnessed in the previous administration before it was ushered in to power in 2015. The policy will also boost the agricultural sector, finally giving life to the old and recurring campaign promise of diversifying Nigeria’s economy. An uninspiring space? Oil is currently the most important commodity. Do NOT follow this link or you will be banned from the site. To drive his point home on the importance of achieving a diversified economy and weaning the nation off its reliance on oil, Comrade Oshiomhole shifted focus to the future and drew the attention of journalists present to the warnings of experts, predicting more economic turbulence for oil-producing countries without a diversified economy. The APC promised an overhauling change in all the diverse retrogressive characters of the country’s governance. READ our Privacy-policy and cookie policy. “And all those economic saboteurs, foreigners, of which there are Nigerian collaborators, who are using foreign and neighbouring ports to compromise the economy, of Nigeria, they are enemy of this country, we cannot weep for them. “If you imagine the oil drying up tomorrow, with what will you pay for your imported rice or smuggled rice?” Oshiomhole asked. Andreas Wagner poetically termed the tackling of challenges related to climate change as “our generation’s moon landing”, saying that we need “enormous efforts globally to build a future beyond fossil fuels and prevent a climate change disaster”. Crude oil entered a bear market in June 2014 when the price was just under $108 per barrel on the active month NYMEX crude oil futures contract. Recent Multimedia Items. 2011. Anna Okon Stakeholders in the real sector have said that the time has come for Nigeria to develop along the non-oil sector and build a future without oil. Can the world make the chemicals it needs without oil? Finally, materialising this ambition, history will remember that under the party leadership of Comrade Oshiomhole, and the committed presidency of Muhammadu Buhari, much verbal promise was, finally, put into fruitful action. Saudi Arabia Looks to Future Without Oil. Adjustable Feature: Contract language that allows adjustments to be made to the premium and commission features of a reinsurance treaty. Nigerians, old and young, using their votes, gave the party the express approval to proceed with the Next Level agenda, and the administration of President Muhammadu Buhari, with full support of the party, has remained faithful to this promise, beginning with the border closures meant to restore order in the areas of import and export, and prevent smugglers and other economic saboteurs from crippling local production and growth. As she describes, "It's comforting. Most of the plastics that we use at the moment are manufactured from oil. Download Vanguard News App. And since it's bound to run out eventually, and since cheap oil is already a thing of the past, we ought to be investing a lot of time, effort, and money in ways to replace it.". Up long chains, and you tend to get small gases, things like ethane in 2009, Atwood! 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