Daily Independent (Lagos)
13 October 2008
Nigerian businessmen who operate foreign accounts are worried over the continuous backpedaling of the global financial future even as the crisis over the weekend led to the stunning collapse in oil markets sending a barrel of crude plunging below $78.
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Oil price should continue to go down because poor continued to be poor and rich continue to be rich. Cement price continues to go up in Nigeria. Why and what should be the solution?
Are these people kidding me. Why are they surprised? Did they think the fantastic price of crude oil will remain so, indefinitely?. Crude oil price has always been speculative and cyclical, at best. There are always periods of booms and busts. The latest boom will definitely be the last as more consuming nations get their acts together to find alternative to gasoline. In the next 5 to 10 years, crude oil may be selling for a dime-a-dozen and what would corrupt leaders in countries like Nigeria do? Suck the blood of their poor citizens like vampires? King Tarry-A-Doer, your 7-point agenda is dead in the water and its all your fault since we asked you to make hay when the sun was still shinning. But noooo, you gotta take your sweet time waiting for Allah to come rain manna from heaven or wherever those dead gods are.