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Saudi Prince: Oil Will Never Return To $100 - Business (2) - Nairaland

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Re: Saudi Prince: Oil Will Never Return To $100 by Nobody: 10:43am On Jan 13, 2015
gej forever

3 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by Youngandactive: 10:44am On Jan 13, 2015
follow @YoungAndActiveN

Re: Saudi Prince: Oil Will Never Return To $100 by phayvoursky(m): 10:44am On Jan 13, 2015
Wahala de
Re: Saudi Prince: Oil Will Never Return To $100 by ceejayluv(m): 10:45am On Jan 13, 2015
motherlode:
Oboi no be Nigeria enter one chance ooo but nah GEJ enter ooo and dem go sell im part if e no smart!
By may 29 Nigeria would have a good and competent leader in Buhari/osinbajo to fully diversify the economy to reduce the dependence on oil.
Na by mouth?

1 Like

Re: Saudi Prince: Oil Will Never Return To $100 by gebest: 10:45am On Jan 13, 2015
That is the voice of man not the voice of God, they may propose but God the almighty will dispose.
Re: Saudi Prince: Oil Will Never Return To $100 by ayukdaboss(m): 10:45am On Jan 13, 2015
Cheap gas here to stay? If those predictions are accurate, it could also mean gas in the U.S. might not go above $3 again. Thanks to the oil meltdown, the national average price of gas has plunged to $2.13, compared with $3.31 a year ago, according to AAA.
It is only in Nigeria where the fall in crude oil prices has not effected a corresponding fall in the price of Petrol. All these thieves must be voted out please!!

6 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by JaypeeAnics(m): 10:46am On Jan 13, 2015
oil price have been increasing since d military handed over......In Nigeria we have clueless and useless leader...
d worst part of it is dat if it happens we Nigerians will just fold our hands and watch.

3 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by ElekeNtioba: 10:47am On Jan 13, 2015
bushdoc9919:


Well, any OPEC member nation, by getting a quorum to force Saudi to cut oil production quotas could stabilise free falling oil prices.


easier said than done. Have u asked yourself why Iran and Venezuela (who are more influential members and whose economies suffer because of falling price) cant do anytin??
Re: Saudi Prince: Oil Will Never Return To $100 by AZeD1(m): 10:48am On Jan 13, 2015
Anyone who is up to date knows that the chance of oil getting to $100 is very very slim. Apart from shale oil development, technology advances in alternate sources of energy and smart systems are helping consumers reduce their energy spending, this in turn reduces the demand for oil.

Most oil companies in Nigeria started selling off their onshore assets years ago.

3 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by Dee60: 10:48am On Jan 13, 2015
See how this current government squandered a great opportunity to save funds.

3 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by IAMGEJ(m): 10:48am On Jan 13, 2015
Buhari? Also By stabilizing world oil price? Bro na wa for you
motherlode:
Oboi no be Nigeria enter one chance ooo but nah GEJ enter ooo and dem go sell im part if e no smart!
By may 29 Nigeria would have a good and competent leader in Buhari/osinbajo to fully diversify the economy to reduce the dependence on oil.
Re: Saudi Prince: Oil Will Never Return To $100 by AZeD1(m): 10:50am On Jan 13, 2015
bushdoc9919:


Well, any OPEC member nation, by getting a quorum to force Saudi to cut oil production quotas could stabilise free falling oil prices.

How do you force a country to cut oil production?
Re: Saudi Prince: Oil Will Never Return To $100 by Tycike: 10:51am On Jan 13, 2015
OPEC should have cut oil production quota when the price began to fall, now I think it's too late.
Re: Saudi Prince: Oil Will Never Return To $100 by Draizy(m): 10:52am On Jan 13, 2015
abeg how this guys they take book space....?
Re: Saudi Prince: Oil Will Never Return To $100 by wiskolowiska: 10:52am On Jan 13, 2015
may God help us n our leaders o.
dis people no dey think ahead
abeg.na d masses go still suffer dia incompetence...oga o

1 Like

Re: Saudi Prince: Oil Will Never Return To $100 by chadnezzar0worl(m): 10:53am On Jan 13, 2015
At least we no longer hear of if Jonathan does not win, then the Niger delta will block any one from lifting our crude oil! Lol! Crude now seems on its way to worthless extinction, it's so unbelievable that our crude now hovers on deep water without reliable buyers! How time changes! How the clock of time ticks away! Nothing lasts forever, this is a lesson to we as a nation to look inwards and develop our limitless natural and human potentials! And also a warning to the Niger delta's to cease their pride, cos nothing lasts forever! It's time we as a citizen demand accountability, sincerity of purpose, Integrity, honesty and outright disdain for corruption! Only then can we be great again! And honestly I do not see the Jonathan administration forging this road map! At least not from precedents set in the last six years! And before you quote me or call me a hater! I am proudly Niger delta but a truthful one, not minding whose ox is gorged

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Re: Saudi Prince: Oil Will Never Return To $100 by 100Cents: 10:53am On Jan 13, 2015
Tell me why fuel shouldnt come down to N65 a litre in Nigeria.

Now who is eating the excess ?

People dey suffer for this country..


Ontop that, the newest station in my area is selling N105 to N110 per litre..

2 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by Franchise21(m): 10:53am On Jan 13, 2015
.
Re: Saudi Prince: Oil Will Never Return To $100 by ZUBY77(m): 10:54am On Jan 13, 2015
motherlode:
Oboi no be Nigeria enter one chance ooo but nah GEJ enter ooo and dem go sell im part if e no smart!
By may 29 Nigeria would have a good and competent leader in Buhari/osinbajo to fully diversify the economy to reduce the dependence on oil.

The way he did in 1984. Blockhead.

1 Like

Re: Saudi Prince: Oil Will Never Return To $100 by propzncribz: 10:55am On Jan 13, 2015
GEJ see your life. This man no send oil money, but you go drink oil and chop oil even if you urinate the oil, you go still drink am again as long say na oil. #Ogamugu #FOOLISHLEADER


F**k GEJ, f**k PDP, what the f**k have you done for us? Up APC, up Buhari, you are the f**king man for us.

1 Like

Re: Saudi Prince: Oil Will Never Return To $100 by bejeria101(m): 10:55am On Jan 13, 2015
Not speaking for nigeria,but the prince isnt God neither does he hold the strings to market forces that drive demand and supply,so people wll talk thats just what this is...talk
Re: Saudi Prince: Oil Will Never Return To $100 by Nobody: 10:56am On Jan 13, 2015
ElekeNtioba:


easier said than done. Have u asked yourself why Iran and Venezuela (who are more influential members and whose economies suffer because of falling price) cant do anytin??

They will soon.....

Whoever is in charge in Aso Villa...OPEC will be the scene of a massive fight soon. Them Saudis may soon have to give up their fight against the US...especially as it is paining them too.
Re: Saudi Prince: Oil Will Never Return To $100 by 100Cents: 10:57am On Jan 13, 2015
Dee60:
See how this current government squandered a great opportunity to save funds.

Do you know how much is being saved by still selling pump price of petrol at N97 naira per litre ?
Re: Saudi Prince: Oil Will Never Return To $100 by Nobody: 10:57am On Jan 13, 2015
AZeD1:

How do you force a country to cut oil production?

OPEC politics. Simples.
Re: Saudi Prince: Oil Will Never Return To $100 by juman(m): 10:57am On Jan 13, 2015
Dee60:
See how this current government squandered a great opportunity to save funds.

Not only this government that squandered a great opportunity to build nigeria to world standard, obasanjo also wasted the opportunity.

pdp should be voted out.
Re: Saudi Prince: Oil Will Never Return To $100 by Dannyset(m): 10:59am On Jan 13, 2015
2sExy1:
I guess we have to brace ourselves for what is coming as a nation if what this Prince say should come to pass.



http://money.cnn.com/2015/01/12/investing/oil-prices-saudi-prince/index.html?iid=TL_Popular
Re: Saudi Prince: Oil Will Never Return To $100 by MSItachi: 11:00am On Jan 13, 2015
If you Know how to turn 10 Naira to 11 Naira with guaranteed safety of funds, Now is the time to strategically position yourself,
The world will be needing you shortly
...
Re: Saudi Prince: Oil Will Never Return To $100 by Spydamannn(m): 11:00am On Jan 13, 2015
Nigeria could have bee great. All the money made during the oil boom but nothing to show for it

2 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by onyxo76(m): 11:00am On Jan 13, 2015
If this happens to be true then we need to start looking beyond oil for revenue, in those days we had other sources of revenue from Agriculture etc but the oil boom 'spoilt' us and we became 'too comfortable"- well the boom is over and everyone start going back to the farm.
Re: Saudi Prince: Oil Will Never Return To $100 by Nobody: 11:01am On Jan 13, 2015
Bullocks! The only thing that will determine the price of oil is market forces, i.e. supply and demand. Any thing can happen really.

1 Like

Re: Saudi Prince: Oil Will Never Return To $100 by onyxo76(m): 11:02am On Jan 13, 2015
100Cents:
Tell me why fuel shouldnt come down to N65 a litre in Nigeria.

Now who is eating the excess ?

People dey suffer for this country..


Ontop that, the newest station in my area is selling N105 to N110 per litre..
65 ke? even it should be 30 naira- nobody send your 'oil' anymore !

3 Likes

Re: Saudi Prince: Oil Will Never Return To $100 by onyxo76(m): 11:02am On Jan 13, 2015
100Cents:
Tell me why fuel shouldnt come down to N65 a litre in Nigeria.

Now who is eating the excess ?

People dey suffer for this country..


Ontop that, the newest station in my area is selling N105 to N110 per litre..
65 ke? even it should be 30 naira- nobody send your 'oil' anymore ! cool

3 Likes

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