Oct 31 (Reuters) - The U-S.-led shale boom will have a lasting impact on global energy prices and push crude oil prices down to $80 a barrel, according to an analysis by Germany's BND intelligence agency obtained by Reuters on Thursday.

The BND said the U.S. shale boom would have a greater impact on global markets than it predicted in a previous analysis earlier this year.

"The effects from the unconventional production of oil and natural gas in the United States will be pronounced over the next 10 to 20 years," the report said.

It added that it now expects global oil prices to sink substantially, which will cause considerable problems for gas and oil producers such as Russia and Libya and trigger changes in the Middle East.


How is Nigeria preparing for the SHALE SHOCK!!!

http://www.reuters.com/article/2013/10/31/oil-germany-shale-idUSL5N0IL3F020131031

How many years will it take Nigeria to prepare 4 d famine? Rubbish nd senceless politicians we have.

Politicians are the least of your problems pal. You should be more worried about your fellow citizens who will happily sell their families for peanuts. Politicians can only get away with what the people let them.
The hungry, mentally impoverished, insecure, inarticulate, poorly educated, unexposed, crude, unrefined average Nigerian of whom there are nearly 180 million should be of much greater concern to you than any politician.

Alikaxon: How many years will it take Nigeria to prepare 4 d famine? Rubbish nd senceless politicians we have.

Do u think GEJ is clueless enough, not to set up a commitee to look into the matter?

Tic tuk! tic tuk! Oil and Gas is about to loose it market value. Now we go know who be who in Nigeria.

Oil and gas go loose n price but n no go finish, NIGER DELTA still stands strong, unless it reduces to zero...lol

Fear Dey Catch Someppl..

One Naijeria.

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Nigerians in Diaspora U Guys Shld Check Ds Thread
https://www.nairaland.com/1500750/nigerian-diaspora-faces-pressures-home

We have to start diversifying and building critical infrastructure with what is left from the high oil sales as this party will not last forever.

What if the Nissan Leaf and Tesla Model S electric cars go into mass production? How will we feed 160 million people?

The International Monetry Fund, IMF, yesterday, called on the Federal Government to implement timely policy actions to avert risk of oil price shock and reversal of foreign capital inflow looming over the country and others in the sub-saharan Africa region.

IMF Director, African Department, Antoinette Sayeh made this call in Lagos at the presentation of the Africa Regional Economic Outlook for the region.


http://www.vanguardngr.com/2013/11/imf-warns-fg-oil-price-shock-capital-flow-reversal/

Op, It was reported yesterday that Australia just discovered oil as large as that of Saudi Arabia. Nigeria, Saudi Arabia, Angola and other are in trouble. The whole world is moving away from regular usage of oil and exploring other option of energies. Below is the link:

http://moneymorning.com/articles/this-massive-discovery-has-put-the-saudis-into-a-panic/