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Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by Joel3(m): 12:04pm On Apr 17, 2016 |
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Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by babdap: 12:15pm On Apr 17, 2016 |
Yet some gullible Nigerians will still point fingers to PMB for the dwindling revenue from crude oil proceed. 2 Likes |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by Masculity(m): 12:23pm On Apr 17, 2016 |
We thank God for his quick intervention. Had it been we are still under the leadership of the so-called mega party in Africa, Nigeria could have become history by now. God bless PMB. God bless compatriots. God bless OP. 2 Likes |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by Joel3(m): 12:23pm On Apr 17, 2016 |
babdap:who is blaming buhari? but I heard he said he will stabilize oil price? |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by Sunofgod(m): 12:34pm On Apr 17, 2016 |
oil wars.. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by babdap: 1:18pm On Apr 17, 2016 |
Joel3:stop listening to the voice of wailing wailers. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by Taeewo(m): 1:21pm On Apr 17, 2016 |
Good |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by enlightenedmind: 1:37pm On Apr 17, 2016 |
Well that analysis is completely flawed. It has conveniently omitted the part where "America control Iranian oil fields now". So when u say Iran is about to be a major oil exporter, u mean America is about to be a major oil exporter. If Nigeria leaves itself vulnerable as to allow the importation of American oil into this country, we are heading for doom. So We have our oil, let us refine it and if possible sell at a reasonable price to other African countries so they do not become slaves. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by lawydewy(m): 2:52pm On Apr 17, 2016 |
enlightenedmind: OGA! correct yourself, you trying to say Iraq not Iran.No any Iranian Territories is under America. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by kYjelly2: 2:52pm On Apr 17, 2016 |
Cars are becoming more energy efficient in the western world. You have hybrids and full electric cars, with my favorite being the TESLA model S. Tesla has even just unveiled their new cheaper model. Demand for oil will keep getting lower and lower as technology advances. Imagine having an electric vehicle in Nigeria, no fuel queues nothing. You would rarely ever go to the petrol station again in your life. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by enlightenedmind: 3:47pm On Apr 17, 2016 |
lawydewy: Thank you... Iraq 1 Like |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by Nobody: 4:11pm On Apr 17, 2016 |
Oil price will recover to $100 by 2018. By then buarri must have borrowed over $10bn from China. Nigerians should use fuel pump price to evaluate this regime. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by mandarin: 4:57pm On Apr 17, 2016 |
One critical area of problem in Nigeria is lack of technology. The investments made in education has been poor and results in areas of science and technology has been near non existence. We need to build our domestic market through internal energy value chain model that will enable consumers to pay less in Nigeria in order to raise our consumer index. Now, granting license for refineries will include power plants as well and steady gas supply. I will advise government to first focus on two areas: 1. Oilfields with low susceptibility to attacks on pipelines say in Ondo State. If truly that state produces 10% or so of oil and can give sufficient gas, a refinery and an LNG plant should be built there. This will reduce risks of vandalism 2. Market areas like Lagos should have at least two refineries and gas plants. Niger Delta instability cannot be wished away when planning investments in Nigeria. I feel creating a domestic market that will cover for the high cost of production through crude supply at lower dollar prices can help stabilize the consumer market. Lagos can get its crude from the relatively safer offshore grids. I think geopolitical sentiments has actually dragged Nigeria in the mud more than political disruptions |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by lawydewy(m): 6:15pm On Apr 17, 2016 |
enlightenedmind: Thank you for your understanding. |
Re: Oil Prices: What’s Behind The Drop? Simple Economics - New York Times by tamonokare: 8:12pm On Apr 17, 2016 |
Who benefits from the price drop? Any motorist can tell you that gasoline prices have dropped. Diesel, heating oil and natural gas prices have also fallen sharply. The latest drop in energy prices — regular gas nationally now averages just above $2 a gallon , roughly down about 40 cents from the same time a year ago — is also disproportionately helping lower-income groups, because fuel costs eat up a larger share of their more limited earnings. Households that use heating oil to warm their homes are also seeing savings. Gasoline prices dropped where? Nigeria? |
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