L
LequteMan
Guest
Nigeria- Global prices of crude oil has taken a hit in the past year, sending major economies into more debt.
The question on the lips of everyone today is: Will the price of oil price ever return to the famous and generous $120 per barrel, so that prodigal sons will con¬tinue to enjoy and waste resources of many nations on celebrations of wealth, with licence from the IMF that they should spend more in difficult times?
Dr. Jimoh Ibrahim, CFR GMD, Energy Group answers, saying "the chances that oil price will return to the famous $120 per barrel too soon is the tallest dream of the century.
"For the first time, OPEC will be confronted with the challenges of this time and the need to roll out more unknown strategy is important to recovery. It is left for me to say that both the OECD and OPEC can be fused (almost impossible) to be one world body that will take charge of oil matters in the world.
"The fusion will help to confront the challenges. What we can say for now is that the division between the two will, sooner than later, drop the price of oil to about or less than $30 dollars per barrel. God forbid!
By Dr. Jimoh Ibrahim, CFR GMD, Energy Group
Read his full article at National Mirror
#Nigeria #Oil #Crude #OPEC #JimohIbrahim #America #Libya
The question on the lips of everyone today is: Will the price of oil price ever return to the famous and generous $120 per barrel, so that prodigal sons will con¬tinue to enjoy and waste resources of many nations on celebrations of wealth, with licence from the IMF that they should spend more in difficult times?
Dr. Jimoh Ibrahim, CFR GMD, Energy Group answers, saying "the chances that oil price will return to the famous $120 per barrel too soon is the tallest dream of the century.
"For the first time, OPEC will be confronted with the challenges of this time and the need to roll out more unknown strategy is important to recovery. It is left for me to say that both the OECD and OPEC can be fused (almost impossible) to be one world body that will take charge of oil matters in the world.
"The fusion will help to confront the challenges. What we can say for now is that the division between the two will, sooner than later, drop the price of oil to about or less than $30 dollars per barrel. God forbid!
By Dr. Jimoh Ibrahim, CFR GMD, Energy Group
Read his full article at National Mirror
#Nigeria #Oil #Crude #OPEC #JimohIbrahim #America #Libya
