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Nairaland Forum / Nairaland / General / Politics / Oil 55$ Per Barrel (2959 Views)
Crude Oil Will Soon Sell For $50 Per Barrel – Kachikwu / What Okonjo-Iweala Said When Oil Was $76 Per Barrel (Flash Back) / Oil Crash: Nigeria Producing At $5 Per Barrel Loss (2) (3) (4)
Oil 55$ Per Barrel by rozayx5(m): 3:05pm On Dec 16, 2014 |
the Oil price keeps crashing Nigeria on the brink
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Re: Oil 55$ Per Barrel by jacabi(m): 3:14pm On Dec 16, 2014 |
Is alright! Very good! By the time our oil become useless, then we can wake up and face reality. 1 Like |
Re: Oil 55$ Per Barrel by atlwireles: 3:17pm On Dec 16, 2014 |
Best thing to happen in Nigeria. 2 Likes |
Re: Oil 55$ Per Barrel by juman(m): 3:32pm On Dec 16, 2014 |
atlwireles: |
Re: Oil 55$ Per Barrel by wordcat(m): 3:41pm On Dec 16, 2014 |
atlwireles: Walahi! I wish the thing go fall reach $10 per barrel 4 Likes |
Re: Oil 55$ Per Barrel by itstpia8: 3:57pm On Dec 16, 2014 |
do they have reserves as in reserve account for such eventualities? 1 Like |
Re: Oil 55$ Per Barrel by rozayx5(m): 4:08pm On Dec 16, 2014 |
itstpia8: 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 |
Re: Oil 55$ Per Barrel by Nobody: 4:12pm On Dec 16, 2014 |
I think the thng go stabilize around $20 per barrel! 1 Like |
Re: Oil 55$ Per Barrel by Ogbonaikenna(m): 4:21pm On Dec 16, 2014 |
Good |
Re: Oil 55$ Per Barrel by rozayx5(m): 4:53pm On Dec 16, 2014 |
atlwireles: Thank God we have gas, i hope the abockie can then go back to groundnut farming 3 Likes |
Re: Oil 55$ Per Barrel by Nobody: 4:54pm On Dec 16, 2014 |
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. 3 Likes |
Re: Oil 55$ Per Barrel by Kenai: 4:59pm On Dec 16, 2014 |
Buhari better hurry and come in as president, so he can "stabilize the oil prices" in his dreams 3 Likes |
Re: Oil 55$ Per Barrel by Adminisher: 5:01pm On Dec 16, 2014 |
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%. 4 Likes 1 Share |
Re: Oil 55$ Per Barrel by Blackfire(m): 5:15pm On Dec 16, 2014 |
naija is time to drink the oyel,if nobody wan buy... na joke o |
Re: Oil 55$ Per Barrel by teemy(m): 6:13pm On Dec 16, 2014 |
I don't foresee any less than $40 but the exchane rate might flow towards 210 if this trend continues |
Re: Oil 55$ Per Barrel by Nobody: 6:16pm On Dec 16, 2014 |
This is getting scary.. |
Re: Oil 55$ Per Barrel by iCool(m): 6:17pm On Dec 16, 2014 |
teemy:You cannot be so sure, the price was $58 two days back when I was thinking over the weekend that it was still over 60. My friend here is even asking if it has gone below 60... It's falling gradually but It's scary man, naira fit fall pass 210 before January end o. |
Re: Oil 55$ Per Barrel by Adminisher: 6:22pm On Dec 16, 2014 |
Deyou: 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, $55 a barrel in winter is disastrous. |
Re: Oil 55$ Per Barrel by Nobody: 6:32pm On Dec 16, 2014 |
ilugunboy: Farm tools are still being sold I pity Nigeria internal colonialists. Adminisher: Fiscal federalism the way forward and that Bihari can't give 3 Likes |
Re: Oil 55$ Per Barrel by Nobody: 6:34pm On Dec 16, 2014 |
teemy:it will favour me if it even goes to N250/dollar... 1 Like |
Re: Oil 55$ Per Barrel by iCool(m): 6:38pm On Dec 16, 2014 |
2sExy1: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. |
Re: Oil 55$ Per Barrel by Nobody: 6:41pm On Dec 16, 2014 |
jacabi:Those aboki having long throat for SS oil can finally learn to do some real work 1 Like |
Re: Oil 55$ Per Barrel by Nobody: 6:41pm On Dec 16, 2014 |
Adminisher: 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! 2 Likes 2 Shares |
Re: Oil 55$ Per Barrel by itstpia8: 6:43pm On Dec 16, 2014 |
Deyou: ok. it should not bounce back too much though, nothing wrong with lower prices per se. 1 Like |
Re: Oil 55$ Per Barrel by gnykelly(m): 6:43pm On Dec 16, 2014 |
may God save the common man from the impending doom. the innocent commoner are labouring every day not knowing what is looming. 1 Like |
Re: Oil 55$ Per Barrel by anonimi: 6:44pm On Dec 16, 2014 |
ilugunboy: Why? I thought we have cocoa, groundnut, cotton, rubber etc, not so Who needs Niger Delta oil? 3 Likes 2 Shares |
Re: Oil 55$ Per Barrel by Nobody: 6:48pm On Dec 16, 2014 |
anonimi:A.b.o.k.i 3 Likes |
Re: Oil 55$ Per Barrel by Nobody: 7:38pm On Dec 16, 2014 |
Good news! |
Re: Oil 55$ Per Barrel by major466(m): 7:40pm On Dec 16, 2014 |
Diversification is the way to go. |
Re: Oil 55$ Per Barrel by major466(m): 7:44pm On Dec 16, 2014 |
WhiteTechnology:The North are blind to innovation and development because of their mentality. TRUE FEDERALISM is the final answer to Nigeria's problems. |
Re: Oil 55$ Per Barrel by teemy(m): 7:49pm On Dec 16, 2014 |
iCool: yes, my timeline too by january ending. |
Re: Oil 55$ Per Barrel by itstpia8: 7:55pm On Dec 16, 2014 |
major466: true that. |
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