Oil prices to fall further - IEA

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• KAKA 11 years ago

  PRICES OF OIL ARE FALLING BUT IN GHANA PRICES OF FUEL ARE RISING. THOSE WHO DEMONSTRATED AGAINST HIGH PRICES OF FUEL AND PROMISE DRASTC REDUCTION HAVE INCREASED THE PRICE OF FUEL SEVERAL TIMES. IN GHANA WE DELIGHT IN MAKING T ...
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  PRICES OF OIL ARE FALLING BUT IN GHANA PRICES OF FUEL ARE RISING. THOSE WHO DEMONSTRATED AGAINST HIGH PRICES OF FUEL AND PROMISE DRASTC REDUCTION HAVE INCREASED THE PRICE OF FUEL SEVERAL TIMES. IN GHANA WE DELIGHT IN MAKING THE POOR SUFFER WHILST THE POLITICIAN LIVE IN LUXURY AND COMFORT. NO WONDER WE PAY AND BRIBE PEOPLE TO VOTE FOR US

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• THE PASTOR 11 years ago

  The question is not Ghana should be hedging or reducing petrol prices in Ghana ; the world dynamics for the oil prices are falling fast ; the Saudis are concerned ; the US are divsifying its oil inflow by laying the oil pipe ...
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  The question is not Ghana should be hedging or reducing petrol prices in Ghana ; the world dynamics for the oil prices are falling fast ; the Saudis are concerned ; the US are divsifying its oil inflow by laying the oil pipe lines fro Canada; China is doing big deals in oil with Russia; this going to affect the the whole dynamics of our budget deficit in future ; these are the key issues at stake for Ghana ; the world for oil is changing for the demand for oil ; what does Ghana do about it as usual they will TALK AND TALK AND TALK and do nothing; a good guess is that prices will fall to 55 dollars a barrel in another 6 months time.

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• RTK 11 years ago

  The Government must be worried that it borrowed so much against the oil proceeds. Ghana will sell all its oil yet it will not be able to pay off the debts. They could have benefited if payments are in barrels of crude and not ...
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  The Government must be worried that it borrowed so much against the oil proceeds. Ghana will sell all its oil yet it will not be able to pay off the debts. They could have benefited if payments are in barrels of crude and not in monetary value. Oil prices will continue to fall even with the intervention of the cartels. Most oil producers are cash stripped and in some binding contracts and therefore have no choice than to continue to pump the black gold. Others may hold to withstand the storm, but even that we cannot be certain that prices will come back up because of the following. Car manufacturers are coming with low fuel consumption cars and electric cars. Solar and wind energy are gradually holding foot and many countries are discovering more and more oil. Even US the biggest oil consumer is pumping more crude than ever. Your best bet is to refine the oil in your country and stop cutting deals to get the full benefit of the oil discovery. Local artisans can benefit to improve your economy. Examples may include roads and pavements constructions and improvements, petrol chemical products, plastic wares etc. the list can go on and on.

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• DAN 11 years ago

  saudis are flooding the market with oil to cause problems for other producers like USA, Nigeria or Russia...When explorers in USA are forced from business then the saudis will raise prices extremely!

  saudis are flooding the market with oil to cause problems for other producers like USA, Nigeria or Russia...When explorers in USA are forced from business then the saudis will raise prices extremely!

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• dani 11 years ago

  NO MATTER WHAT HAPEN TO OIL AND PETRO PRICES

  NO MATTER WHAT HAPEN TO OIL AND PETRO PRICES

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• KOSS 11 years ago

  WE ALL AWARE WHEN OIL PRICES CAME SO LOW AND NDC GOVERNMENT DIDN'T DO NOTHING WHEN IT WENT BACKUP THE SAME $70 DOLLARS A BARREL. WHY AS A NATION WE CONTINUE TO DO BUSINESS WITH 18 CENTURY MENATLITY

  WE ALL AWARE WHEN OIL PRICES CAME SO LOW AND NDC GOVERNMENT DIDN'T DO NOTHING WHEN IT WENT BACKUP THE SAME $70 DOLLARS A BARREL. WHY AS A NATION WE CONTINUE TO DO BUSINESS WITH 18 CENTURY MENATLITY

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• KOSS 11 years ago

  THIS WILL HELP THE GHANAIAN ECONOMY IF CURRENT OIL PRICES ARE HEDGE FOR THE NEXT 10YRS THE SORT OF SAVINGS GHANA WILL HAVE INTERMS OF SAVINGS

  THIS WILL HELP THE GHANAIAN ECONOMY IF CURRENT OIL PRICES ARE HEDGE FOR THE NEXT 10YRS THE SORT OF SAVINGS GHANA WILL HAVE INTERMS OF SAVINGS

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• DAN 11 years ago

  Hedging normally protects the buyers...Thats why airlines, railroads,trucking companys and electric producers hedge on the supplier a portion BUT NOT ALL...Remember when prices fall if you signed contract for fixed rate you L ...
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  Hedging normally protects the buyers...Thats why airlines, railroads,trucking companys and electric producers hedge on the supplier a portion BUT NOT ALL...Remember when prices fall if you signed contract for fixed rate you LOOSe money when price falls below what you signed

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• Michael K. Tettevi 11 years ago

  Pride goes before a fall.

  Pride goes before a fall.

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• Stewart7000 11 years ago

  The Government will not drop the prices while people are still buying!
  
  They love you! Take every bit of money they can squeeze out of you to pay for overseas loans that have disappeared to where I ask.
  
  It is not in new ...
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  The Government will not drop the prices while people are still buying!
  
  They love you! Take every bit of money they can squeeze out of you to pay for overseas loans that have disappeared to where I ask.
  
  It is not in new infrastructure. The previous Government did the same. Oh, I forgot. It is still the same bureaucrats running the show, just different leaders running the circus!

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• DAN 11 years ago

  protest and don't buy from a different oil marketer each week and you will force them to lower the price or loose money if they have no customers that people buy elsewhere

  protest and don't buy from a different oil marketer each week and you will force them to lower the price or loose money if they have no customers that people buy elsewhere

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• Victor 11 years ago

  Lesson from yesteryear! Mahama and NDC government will wait and reduce it in the election year. We are watching you!!! You think, Ghanaians are f**ls. NPP did, NDC is doing it better. A time will come only party cronies and f ...
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  Lesson from yesteryear! Mahama and NDC government will wait and reduce it in the election year. We are watching you!!! You think, Ghanaians are f**ls. NPP did, NDC is doing it better. A time will come only party cronies and family members will vote in Ghana.

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