Nigerian Times

I have decided to remind the stakeholders in all the oil producing countries and consumers of the following important report, because most of them missed it. 10 Jan 2008 15:26 Africa/Lagos Global Oil Supply Challenges Will Drive Crude Prices to US$150: CIBC World Markets LONDON, January 10/PRNewswire/ -- - Modest Russian Production Growth to be Gobbled up by Domestic Demand CIBC (CM: TSX; NYSE) - Consumers should brace for a 50 per cent jump in oil prices in the near future as global oil supply will increasingly have trouble keeping pace with demand, forecasts a new energy report from CIBC World Markets. The report predicts that surging demand in developing economies combined with accelerated depletion of existing supply and widespread delays in getting new oil fields up and running will see the global supply of oil fall as much as eight million barrels a day below International Energy Agency estimates by 2012. "Those projections ignore two fundamental forces that have, in recent ...

Suddenly more Nigerian babes and ladies are blogging and making the Nigerian blogosphere sizzling with hot posts. And they are attracting hundreds of thousands of visitors. Most of their blogs are what I call scuttlebutt blogs or daily social gist and tidbits blogs. And Bella Naija leads the pack, followed by Linda Ikeji and company. Adaure is still in a world of her own, because she is like the Oprah Winfrey of the Nigerian blogosphere in her subject matters. Queen Ebong and others are still exciting and thrilling. The most profiled Nigerian female blogger still remains Sokari Ekine of Black Looks. . And Funmi Iyanda would be more enlightened if she spends some quality time with Sokari. There are Nigerian female bloggers as young as 11. Two of them have left comments on Nigerian Times since 2005. There are over 400 Nigerian bloggers and quite a small number for a nation of over 140 million people. Even South Africa and Kenya have more bloggers than Nigeria. There are over 5 mill...