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A Joe Biden´s presidency and its impact on Nigeria’s oil

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Two or three months prior, I composed on the effect of the Joe Biden Presidency on the oil markets. Since he is President of the United States with his initiation on the twentieth of January, each nation would return to their political and unfamiliar planning phases to examine the effect of his swearing-in on their particular economies or governments.

While a few nations would confront pressure from Biden in regard to their common freedoms issues, environmental change strategies and other conciliatory issues, nations like Nigeria will break down the effect of Biden’s arrangements on the destiny of Oil.

Four stances are urgent here;

Will shale oil, which has been the gooney bird on the neck of oil costs for quite a long time, debilitate in regard to Joe Biden and strikingly Kamala Harris’ perspectives on deep oil drilling?

Will Joe Biden’s delicate international strategy on Iran empower Iranian oil to re-visitation of the market?

Will Joe Biden copy Trump in interfering with OPEC+ undertakings?

The responses to these three inquiries would give an attitude toward the destiny of Nigeria’s dark gold.

Shale oil

Throughout the long term, the interest in the Shale business in America has seen the United States increment oil creation altogether. In arrangement market elements, expanded creation of oil negatively affects oil costs. This is the reason we have not seen $100 oil in numerous years now.

An increment in US oil has essentially diminished OPEC+ piece of the pie and predominance in the oil markets. Verifiably OPEC could impact costs with their strategies, however these days, US oil shows up as a hindrance in the oil markets.

The strength of shale is empowered by a couple of elements. First and foremost, Fracking. Deep earth drilling is the way toward penetrating down into the earth before a high-pressure water combination is aimed at the stone to deliver the gas inside. It is exceptionally dubious as it takes steps to cause contamination and is adverse to environmental change.

Presently, environmental change is at the front line of Joe Biden’s energy strategy. Coincidentally, it will hamper the creation of petroleum products over the long haul.

Moreover, Wall Street would be careful about putting resources into the oil and gas area as the future looks more into sustainable power.

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Iranian issue

Joe Biden’s relations with Iran would vary from Trump’s relationship with Tehran. While Donald Trump gave extreme approvals during his residency, Biden would look to spoil Iran simply like Obama did and this will mean Iranian oil can return to the market. Albeit private insight shows Iranian oil is as yet traded in the business sectors, this strategic connection would in any case be critical particularly with Iran representing about 9.5% of the world’s all out oil holds.

Intruding with OPEC+

During Trump’s residency, OPEC+ was shaken a few times. Trump has never shrouded his question in OPEC. He has recently marked them a cartel before. At the point when oil costs go high and influence the expense of fuel on American buyers, Trump gets down on OPEC to discover approaches to decrease the costs.

Notwithstanding, when costs are so low and energy organizations in America can’t make back the initial investment, Trump, as he did in April 2020, meddles and gets down on OPEC to intercede. Curiously, as indicated by trumptwitterarchive.com, Donald Trump tweeted multiple times about “oil”; 70 about “OPEC”; 351 about “gas” (fuel and gaseous petrol); 68 about “Saudi Arabia”. It would be uncommon for Joe Biden to do something very similar as his style of administration will be apparently unique in relation to Trump’s.

Moreover, America as probably the biggest shopper of oil should improve its interest additional time before supply exceeds request because of the pandemic. How Joe Biden handles the pandemic would be critical in American interest. Would he suffer lockdowns or not? That is vital in the discussion on his effect on gas costs and request.

Nigeria’s dark gold – Oil, would be subject to the future standpoint of the oil market and Biden’s strategies. It is intriguing to check whether Biden would permit OPEC to hold onto piece of the pie from American oil. The initial not many years would be vital.

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Music: Kuwait – Big Boy Doings

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Kuwait comes through on new bop titled “Big Boy Doings”. Big boy doings had Kuwait trapping about the good life, being a big spender and how good life is. Download and share the mountainbeat produced record below.
DOWNLOAD MP3

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Wizkid and Tems make history as “Essence (Remix)” enters the Billboard Hot 100 Top 10

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When Nigerian R&B singer, Tems, serenaded listeners on the hook of the crossover hit single—”Essence”—to the “You don’t need no other body” words, she indeed might have meant it in the relationship and/or sexual context but those words, those lyrics have gone on to have a life of their own outside the contextual or colloquial insinuation. This is very evident with the records the track keeps amassing, creating some in the process. The week starting 12th Ocotber (according to Billboard’s known style of uploading their weekly updated charts on Tuesdays) will see the pair of Nigerian Pop and R&B acts, Wizkid and Tems create a groundbreaking statement no other Nigerian artistes has ever made—the remix to “Essence” will make its debut on The Billboard Hot Top 10.

“Essence” was initially released almost a year ago, October 30th to be precise as part of Wizkid’s fourth studio-album, “Made In Lagos” and it soon became the rave of town both home and abroad, even being teased as one of the topmost songs of the summer 2021; its remix however came some ten months later, on August 13th, featuring American popstar, Justin Bieber.

Some few weeks later, the remix debuted on The Billboard Hot 100, even making it to the Top 20, peaking at No. 13, a record for any Nigerian song and artiste(s) at that time; this time around, it moves three spots upward to the No. 10 on the chart, becoming the first Nigerian song to make an entry into the Top 10 of the prestigious Billboard Hot 100 chart, invariably making both Wizkid and his featured guest, Tems, the first pair of Nigerian acts to have a song reaching that high on the chart usually dominated by American artistes and songs reigning in the USA. A historical moment for Wiz, Tems, Nigerian music industry and Africa at large.

This week’s Top 10 songs on the Billboard Hot 100.

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Play to earn crypto game, Supa Surf to launch its first series this October

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Terkion studio has linked up with Wavylab to release a new mobile game line Supa Surf. Supa Surf is a first person surfing mobile game set in a futuristic world, where you surf like it’s real life, scaling obstacles, maintaining balance competing with co-players and avoiding passing out. According to the CEO of Terkion Studios he said “we are trying to build a culture with Supa Surf not just a game, a community, therefore we will be seeing continuous update and improvement to give users the best possible feeling!”

With an initial release date slated for October 10, for the Wavy Lab published game, according to report, Supa Surf is the first of duo game that runs simultaneously with the second version being the Supa Surf pro, which will see the top player on the game’s inbuilt leaderboard earn crypto every month, when we reached out to Awoniyi Segun the CEO of Wavyvibrations, the parent company of WavyLabs he stated “With Supa Surf we are trying to make earning crypto easier, earn while you have fun and there are possibilities of decentralized market creation in the game using Wavycoin Protocol in the nearest future, we never can tell”.
Supa surf will enable players switch music while playing, competing and earning.

Developer: Terkion Studios
Series: Supa Surf
Publishers: Wavy Lab
Genres: Arcade
Platform: Android IOS

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