dear GOD bless me to be the next minister of petroleum after this man oh

Ephemmm:


You mean nobody told you that the price of a product is determined by the forces of demand and supply in the market throughout your period of learning at your alma-mata?

You passed through school, but your school didn't passed through you.

How old are you? You beleive all what the though you in Economics in you High school and University apply to day to day running of nations economy.

By the way, read my comment againt and use your number 6 to digest my comment rather than you typing rubbish. Who ask you if demand and supply determine international crude oil prices. Why can same demand and supply determine Nigeria PMS price, why is the price been fix by government when we have importers and major marketers, you will tel me because of government subsidies abi? When it come to Nations or World economy, you secondary school economics does not apply at times. So go and learn well.olodo

MosakuAW:


[s] [s]How old are you? You beleive all what the though you in Economics in you High school and University apply to day to day running of nations economy.

By the way, read my comment againt and use your number 6 to digest my comment rather than you typing rubbish. Who ask you if demand and supply determine international crude oil prices. Why can same demand and supply determine Nigeria PMS price, why is the price been fix by government when we have importers and major marketers, you will tel me because of government subsidies abi? When it come to Nations or World economy, you secondary school economics does not apply at times. So go and learn well. Olodo

[/s]

Still busy: summary in one sentence please.

Ephemmm:
[/s]

Still busy: summary in one sentence please.

What the guy said the right thing! What you tot in school dont apply to real economy. So go and learn more...

Jesusfallsatan:


[s]What the guy said the right thing! What you tot in school dont apply to real economy. So go and learn more... [/s]

It is simple dude. More countries have discovered oil: world in general have more producers: buyers are few: this brings about fall in the oil prices in the world market.

In conclusion, when supply is greater than demand, the price falls.

rita25:
dear GOD bless me to be the next minister of petroleum after this man oh

So you can steal us blind, correct? Idiott. Come carry. Madam "God bless me so I can be in a position to steal". Sorry, but God is not a crook like you.

Emmyemmy1:
That is my brother.. Love you senior Bros... We in aniocha North are proud of you

If you lived in a hot country you would like white attires as well

[size=18pt]Our greedy politician looted and squandered our petro-dollars earning since oil was discovered in Nigeria making us poor as church rats.[/size]

ur are sick mumu

Rossikk:
So you can steal us blind, correct? Idiott. Come carry. Madam "God bless me so I can be in a position to steal". Sorry, but God is not a crook like you.

if the guy wore native and sandals, people for shout. See the Arab guy...simple but posh.

sukkot:
this nigga though. wearing bathroom slippers to an important meeting

www.nairaland.com/attachments/3297258_bayo_jpeg34063d8b169107b2982364700da75456

The cost of Dat slippers don reach to pay your entire village Minimum Wage for the next 50 years.

forexbinary:


The cost of Dat slippers don reach to pay your entire village Minimum Wage for the next 50 years.

oh they got you too with the propaganda ?

sukkot:
oh they got you too with the propaganda ?

Swear say you no know say na joke I dey joke

sukkot:
this nigga though. wearing bathroom slippers to an important meeting

www.nairaland.com/attachments/3297258_bayo_jpeg34063d8b169107b2982364700da75456

Maybe that's why he's trying to hide his feet.

But what do you think he should have worn? Shoes? With that attire?

Ephemmm:


It is simple dude. More countries have discovered oil: world in general have more producers: buyers are few: this brings about fall in the oil prices in the world market.

In conclusion, when supply is greater than demand, the price falls.

You spilt rubbish and I guess you are still in high school learning economics. Mention 1 country that just join OPEC in the last 5yrs. We still have the same set of countries producing crude oil. The main problem with fall in world crude oil price is war, cut down of productions by OPEC and not your theory of demand and supply. Learner