Cameroon: The Economic Dimension of the Anglophone Crisis

Just think about this for a moment -$618 billion extracted from Ndian, yet the Division looks like an abandoned refugee camp- no roads, no hospitals, no gas station; in effect, nothing to show for all that money that Francophone-led governments from Ahidjo to Biya have expropriated and squandered in hotel bills abroad while the people of Ndian are wallowing in poverty and misery. This is why Francophones want us to continue “living together” for them to abuse the instruments of state power to continue pillaging and plundering Anglophone resources. This is the main reason for Biya's genocidal war against Anglophones. But you cannot fool all the people all the time…Wunna dross di show…

Summary and Breakdown of crude oil production from 1972-2018.

1. Years of Production:1972-1980 (8 years)
1.2. Average Annual Production per day=58,000 barrels
1.3. Average Annual Price in USD: $59/bbl
1.4.Amount of Crude Oil Produced: 58,000 bbl X 365 days X 8 years =162,400.000 barrels in 8 years
1.5. Amount from Crude Oil Sales =162,400,000 barrels X $59/bbl= $9.581,600,000 (Nine billion, five hundred and eighty one million, six hundred thousand dollars.)

2.Years of Production:1981-1990 (10 years)
2.1. Total Production for 10 years: 5,595,450,000 barrels
2.3. Average Price in USD = $147.5/bbl
2.4.Amount from Sales of Crude = 5,595,450,000 barrels X $147.5/bbl=$825.328,875,000.(Eight Hundred and twenty five billion, Three Hundred and Twenty Eight Million, Eight Hundred and Seventy five thousand dollars)

3. Years of Production:1991-2000 (10 years)
3.1. Total Production for 10 years = 4,292,400, 000 barrels
3.2. Average Price in USD: $117.7/bbl
3.4.Amount from Sales of Crude Oil =4,292,400, 000 barrels X $$117.7/bbl=$505,215,480,000 (Five Hundred and Five Billion, Two Hundred and Fifteen Million, Four Hundred and Eighty Thousand Dollars).

4.Years of Production: 2001-2010 (10 years)
4.1. Total Production= 2,755,750.000 barrels
4.2. Average Price in USD = $75.4/bbl
4.3.Amount from Sales of Crude Oil = 2,755,750,000 barrels X $75.4/bbl=$20,778,355.000 (Twenty Billion, Seven Hundred and Seventy Eight Million, There Hundred and Fifty Five thousand dollars)

5. Years of Production: 2011-2018 (8 years)
5.1.Total Production=2,186,350,000 barrels
5.2. Average Price in USD=$71.8/bbl
5.3.Amount from Sales of Crude Oil =2,186,350,000 barrels X $71.8/bbl=$15,697,993.000(Fifteen Billion, Six Hundred and Ninety Seven Million, Nine Hundred and Ninety Three Thousand dollars).

Source: US Energy Information Administration (EIA)

{loadposition myposition2}