Warning For Nigerian Oil Driven Economy - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Warning For Nigerian Oil Driven Economy (512 Views)
| Warning For Nigerian Oil Driven Economy by Fremancipation(op): 7:51pm On Feb 04, 2017 |
Synopsis from the 2017 BP Energy outlook BP's Energy Outlook 2017 estimates that there is an abundance of oil resources, and "known resources today dwarf the world's likely consumption of oil out to 2050 and beyond". "In a world where there's an abundance of potential oil reserves and supply, what we may see is low-cost producers producing ever-increasing amounts of that oil and higher-cost producers getting gradually crowded out," Spencer Dale, BP group chief economist said. When the oil that unites us becomes worthless what then becomes of Nigeria? |
| Re: Warning For Nigerian Oil Driven Economy by Blue3k(m): 7:58pm On Feb 04, 2017 |
Fremancipation:Move towards industrialization policy. |
| Re: Warning For Nigerian Oil Driven Economy by Fremancipation(op): 8:11pm On Feb 04, 2017 |
Blue3k:Lol. Industrialization without power. |
| Re: Warning For Nigerian Oil Driven Economy by Sibrah: 8:22pm On Feb 04, 2017 |
If oil becomes worthless, the northerners who control lawmaking simple restructure further. |
| Re: Warning For Nigerian Oil Driven Economy by Blue3k(m): 8:57pm On Feb 04, 2017 |
Fremancipation:Natural gas, coal, nuclear power and all the other renewable options. If Nigeria can't figure it out. Nigeria might aswell except it's mediocrity. No need to wonder about future or even complain. |
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