Just40:
you are really dumb



All the european countries declaring car usage on oil extinct by 2030 are just looking at something that consume just 10% of the oil market.
that is small. The ships running global trade consumes closed to 30% and no one can eliminate that until probably nuclear fusion becomes available and cheap.

The technology will take care of it..as long as global warming is the issue..not the cost..it will not be businessman as usual.I think 2040 oil will history like horse manure

Austine1212:


Sometime when people acts stupid we don't have to reply to them

We should start doing that in here

You have acted stupid enough...
And you have been replied accordingly...

rvp20182:
The technology will take care of it..as long as global warming is the issue..not the cost..it will not be businessman as usual.I think 2040 oil will history like horse manure

And yet,Kenya is still digging for oil...

Just40:
you are really dumb



All the european countries declaring car usage on oil extinct by 2030 are just looking at something that consume just 10% of the oil market.
that is small. The ships running global trade consumes closed to 30% and no one can eliminate that until probably nuclear fusion becomes available and cheap.

Thats how black berry ceo used to say about iphone an adroid ...time..just give it time...it might take a while but its undeniable that oil is not part of the future..

rvp20182:
Words are cheap.Give Nigeria a month.

it is not just words

money speaks in times like this.

The person with the most money survive.

Take Russia and Saudi

Russia will outlast Saudi in this price war because a low oil price at this point is a benefit for Russia, just as a huge price is a benefit for them.

If you understand that scenario, then you will understand why Nigeria is okay

Danielnino00:


Your government disagrees with you...

Maybe as a roadside economist,you are more knowledgeable than your government on such matters...

Owino said the country's economy may take longer to recover from the effects of the unfolding economic recession "not necessarily because of the impacts of this outbreak" but due "to the fact that Kenya's economy had already slowed down and was a weak economy to start with".

"Last year, we already lost jobs, and the recession in Kenya was going to happen, nevertheless. Now this only makes it worse. And many businesses that were teetering on the verge of collapse will not make it back alive


Do explain to us how Kenya will recover very fast ...

Owino is not IMF or wb or any such bodies that predict..we were growing at 6%..so far we predict 3% but more realistic about 1%..

mtisTheQubit:

You are a Ghananina man..so dont pretend ya know much about naija

yes we do, because we trade hugely with them.

rvp20182:
Owino is not IMF or wb or any such bodies that predict..we were growing at 6%..so far we predict 3% but more realistic about 1%..

Explain how you are going to recover fast from whatever is gonna hit you when coronavirus is over ..

rvp20182:
Of course but don't think the knock will the same.. Nigeria is TKo..South Africa was already in recession..so we go into depression.Kenya has been growing at 6% so we might grow at 1% or about.

Obviously the knock is not the same

What constutes a depression?

I think we'll be able to have a clearer picture of the state of economics

Austine1212:


Where is that buffer?

They have enough reserves and money in other funds to keep them afloat.

They are saving on half the price of every single barrel that they consume from the subsidy program.

Danielnino00:


Explain how you are going to recover fast from whatever is gonna hit you when coronavirus is over ..

We have to wait n see..but we can already rule Nigeria out on account of oil

mtisTheQubit:

You are a Ghananina man..so dont pretend ya know much about naija

You will be surprised how much the average Ghanaian knows about Nigeria ..
They are our closet brother in the whole of Africa... Never mind the constant online bickering between the 2 countries ..

Austine1212:


The US is as diversified as they come but it has already taken a knock

Russia was playing chess and the US did not see it coming

rvp20182:
Owino is not IMF or wb or any such bodies that predict..we were growing at 6%..so far we predict 3% but more realistic about 1%..

How much does tourism contribute to the gdp?

Just40:
They have enough reserves and money in other funds to keep them afloat.

They are saving on half the price of every single barrel that they consume from the subsidy program.

Forex reserves or sovereign fund.Nigeria is choking with debt.It has zero savings.The forex reserves will be depleted in two months by CBN to defend the Naira

Austine1212:


Obviously the knock is not the same

What constutes a depression?

I think we'll be able to have a clearer picture of the state of economics

when you hang on recession for a long time you get a depression

rvp20182:
We have to wait n see..but we can already rule Nigeria out on account of oil

Spoken like a true roadside economist ..
You have no idea,no plan,no strategy... You are just relying on guess work and good luck...



In summary,you have been making noise .. just40, abeg go and cook some jollof rice and enjoy....u are wasting your time with this child...

Austine1212:


How much does tourism contribute to the gdp?

1.7% of economy with half domestic.We might see that wipe out at least 1% off our projected growth..so already 5%..next transport..etcs

rvp20182:
The technology will take care of it..as long as global warming is the issue..not the cost..it will not be businessman as usual.I think 2040 oil will history like horse manure

be there

You think banks in the US are stupid to be pumping billions into shale production and regasification facilities.
while Europe is building 10 different pipelines.

Just40:




be there

You think banks in the US are stupid to be pumping billions into shale production and regasification facilities.
while Europe is building 10 different pipelines.

The idea is to exhaust it before it's declared illegal

mtisTheQubit:

Thats how black berry ceo used to say about iphone an adroid ...time..just give it time...it might take a while but its undeniable that oil is not part of the future..

everyone knows oil will come to an end and they dont see that end any where lower than 100 years.

Just40:


Russia was playing chess and the US did not see it coming

i think the guy playing chess here is China...

Just40:


Russia was playing chess and the US did not see it coming

This is not aboutt the oil price war Russia is playing with Saudi Arabia its more than that.

oil + corona virus

Austine1212:


How much does tourism contribute to the gdp?

tourism bring in hard currency for their debt dependent economy

The seize only means more debt.

rvp20182:
Forex reserves or sovereign fund.Nigeria is choking with debt.It has zero savings.The forex reserves will be depleted in two months by CBN to defend the Naira

Nigeria has enough room to borrow Kenya does not.

rvp20182:
The idea is to exhaust it before it's declared illegal

There is enough oil to last the world 200 more years
you cant exhaust it now

They are all building more pipelines because there is not alternative to run industry.

mtisTheQubit:

i think the guy playing chess here is China...

China is a beneficiary and that is why they are aligning with Russia.

Just40:




Nigeria has enough room to borrow Kenya does not.

No.Nigeria had debt service ratio of 75%.On face value their GDP to debt is low but you borrow against revenue.Gdp doesn't repay debt.Its gov revenues.Nigeria will not get half Kenya revenues this year.. again thanks to oil.Pretty soon even shells will pack and go

Austine1212:


This is not aboutt the oil price war Russia is playing with Saudi Arabia its more than that.

oil + corona virus

who is really benefiting from all ths...China if you asked me..

rvp20182:
1.7% of economy with half domestic.We might see that wipe out at least 1% off our projected growth..so already 5%..next transport..etcs

Tourism fall

Affects All game parks, resorts, hotels, people working in those places

It effects informal traders

What is kenyan economy make up?

mtisTheQubit:
who is really benefiting from all ths...China if you asked me..

There are no winners in all this

Just40:
There is enough oil to last the world 200 more years
you cant exhaust it now

They are all building more pipelines because there is not alternative to run industry.

Not at expense of decimating the world by warming it.You don't get it.Climate change is real.Sustainable development key.Coal is dirty cheap but it's going out.People will rather pay a premium than use dirty polluting energy