the Oil price keeps crashing
Nigeria on the brink

Is alright! Very good! By the time our oil become useless, then we can wake up and face reality.

Best thing to happen in Nigeria.

atlwireles:
Best thing to happen in Nigeria.

atlwireles:
Best thing to happen in Nigeria.

Walahi! I wish the thing go fall reach $10 per barrel

do they have reserves as in reserve account for such eventualities?

itstpia8:
do they have reserves as in reserve account for such eventualities?

i hope they do, seems the country does not seek the advice of commodity traders like us, and other Oil analysts who got warnings of a crash months ago

I think the thng go stabilize around $20 per barrel!

Good

atlwireles:
Best thing to happen in Nigeria.

Thank God we have gas, i hope the abockie can then go back to groundnut farming

oil price fluctuates or cycles after every 5 to 8yrs.

in 2009, it dropped from 147 USD to 45 USDS and nothing happened.

It will bounce back when the people that controls the price are ready to bring it back up.

Buhari better hurry and come in as president, so he can "stabilize the oil prices" in his dreams

Jonathan cannot manage this. He is a coward. Billionaires need to be taxed and Senator/Reps salaries should be reduced. The corruption in the Military should be stopped and number of ministries should be reduced by 100%.

naija is time to drink the oyel,if nobody wan buy... na joke o

I don't foresee any less than $40 but the exchane rate might flow towards 210 if this trend continues

This is getting scary..

teemy:
I don't foresee any less than $40 but the exchane rate might flow towards 210 if this trend continues

You cannot be so sure, the price was $58 two days back when I was thinking over the weekend that it was still over 60. My friend here is even asking if it has gone below 60...

It's falling gradually but It's scary man, naira fit fall pass 210 before January end o.

Deyou:
oil price fluctuates or cycles after every 5 to 8yrs.

in 2009, it dropped from 147 USD to 45 USDS and nothing happened.

It will bounce back when the people that controls the price are ready to bring it back up.

You are partly right but this one is bad o.
There are too many unexpected entrants in the market. America was not supposed to be producing as much as Saudi Arabia but that is happening now. Even Chad and Sudan now have oil. No this one is bad, $55 a barrel in winter is disastrous.

ilugunboy:
This is getting scary..

Farm tools are still being sold

I pity Nigeria internal colonialists.

Adminisher:
Jonathan cannot manage this. He is a coward. Billionaires need to be taxed and Senator/Reps salaries should be reduced. The corruption in the Military should be stopped and number of ministries should be reduced by 100%.

Fiscal federalism the way forward and that Bihari can't give

teemy:
I don't foresee any less than $40 but the exchane rate might flow towards 210 if this trend continues

it will favour me if it even goes to N250/dollar...

2sExy1:
it will favour me if it even goes to N250/dollar...

I guess your earnings are in dollars.

Operating companies in naija are downsizing, servicing companies are not having jobs... It's not so good for the larger population.

jacabi:
Is alright! Very good! By the time our oil become useless, then we can wake up and face reality.

Those aboki having long throat for SS oil can finally learn to do some real work

Adminisher:


You are partly right but this one is bad o.
There are too many unexpected entrants in the market. America was not supposed to be producing as much as Saudi Arabia but that is happening now. Even Chad and Sudan now have oil. No this one is bad, $55 a barrel in winter is disastrous.

You dey talk of Obodod Oyibo... Ur country Nigeria and her likes will be th worst hit!

According to an article I read on worldoil.com by experts and analyst, Saudi Arabia can withstand such quake for 20 good years but Nigeria, can barely survive it for 2 years.

Life is all about planning. If you dont plan to succeed, you plan to fail. It's that simple!

Deyou:
oil price fluctuates or cycles after every 5 to 8yrs.

in 2009, it dropped from 147 USD to 45 USDS and nothing happened.

It will bounce back when the people that controls the price are ready to bring it back up.

ok.

it should not bounce back too much though, nothing wrong with lower prices per se.

may God save the common man from the impending doom. the innocent commoner are labouring every day not knowing what is looming.

ilugunboy:
This is getting scary..

Why?
I thought we have cocoa, groundnut, cotton, rubber etc, not so
Who needs Niger Delta oil?

anonimi:


o?
Who needs Niger Delta oil?

A.b.o.k.i

Good news!

Diversification is the way to go.

WhiteTechnology:


Farm tools are still being sold

I pity Nigeria internal colonialists.




Fiscalism federalism the way forward and that Bihari can't give

The North are blind to innovation and development because of their mentality. TRUE FEDERALISM is the final answer to Nigeria's problems.

iCool:

You cannot be so sure, the price was $58 two days back when I was thinking over the weekend that it was still over 60. My friend here is even asking if it has gone below 60...

It's falling gradually but It's scary man, naira fit fall pass 210 before January end o.

yes, my timeline too by january ending.

major466:
Diversification is the way to go.

true that.