Oil prices hit fresh four-year lows

Read Comments Comments (7)

• HAN 11 years ago

  CONSEQUENT UPON THE STEEP FALL IN WORLD PRICE OF OIL, GOVERNMENT OIL REVENUE WILL FALL STEEPLY. IT THEREFORE MAKES SENSE FOR THE GOVERNMENT TO INCREASE THE PRICE OF PETROLEUM PRODUCTS BY REMOVING THE SUBSIDY ON PETROLEUM PROD ...
  read full comment

  CONSEQUENT UPON THE STEEP FALL IN WORLD PRICE OF OIL, GOVERNMENT OIL REVENUE WILL FALL STEEPLY. IT THEREFORE MAKES SENSE FOR THE GOVERNMENT TO INCREASE THE PRICE OF PETROLEUM PRODUCTS BY REMOVING THE SUBSIDY ON PETROLEUM PRODUCTS.

  reply
• Jackman 11 years ago

  What about when gov't wasn't receiving oil revenues? Subsidies were still in place or?

  What about when gov't wasn't receiving oil revenues? Subsidies were still in place or?

  reply
• DAN 11 years ago

  petro prices today in southern USA.(florida) are $2.59 for gal ( 4 liters)..so 8 cedis per gal..So Ghana needs to LOWER PRICES, NIGGER IF YOUR PAYING MORE THAN 8 CEDI FOR 4 LITERS! GHANA JUST LIKE EUROPE OVERTAX PETRO PRICES ...
  read full comment

  petro prices today in southern USA.(florida) are $2.59 for gal ( 4 liters)..so 8 cedis per gal..So Ghana needs to LOWER PRICES, NIGGER IF YOUR PAYING MORE THAN 8 CEDI FOR 4 LITERS! GHANA JUST LIKE EUROPE OVERTAX PETRO PRICES TO FORCE PEOPLE TO DRIVE SMALL 1 LITER CARS WHILE USA CARS HAVE 6 LITER V-8 ENGINES! aND WHAT ABOUT ELECTRIC CARS THAT WILL DROP PETRO USE EVEN FURTHER BY CITIZENS THO ELECTRIC PLANTS MUST USE MORE NATURAL GAS OR COAL TO PRODUCE THE ELECTRIC TO CHARGE THEM

  reply
• DONKEYS FOLLOWING DONKEYS 11 years ago

  WITH THE ALREADY OIL PRICES AND COMMMODITY PRICES FALLING FAST ; HAS THE GOVET.FACTORED THIS INTO THEIR BUDGET ;I BET THESE GUYS ARE JUST SITTING DUCKS UNTIL IT HITS THEM THAT THE REVENUES ARE LIKELY TO FALL SUBTANTIALLY IN 2 ...
  read full comment

  WITH THE ALREADY OIL PRICES AND COMMMODITY PRICES FALLING FAST ; HAS THE GOVET.FACTORED THIS INTO THEIR BUDGET ;I BET THESE GUYS ARE JUST SITTING DUCKS UNTIL IT HITS THEM THAT THE REVENUES ARE LIKELY TO FALL SUBTANTIALLY IN 2015/2016 ; IF THEY HAVE ANY PLANS THEY SHOULD TELL GHANAIANS BUT KNOWING THESE NDC RATS WHOSE FOCUS ARE ONLY TO WIN CONTRACTS FOR THEMSELVES WITHOUT CREATING ANYTHING FOR GHANA ; THEY WILL THIS FALL AS POLITICAL TOOL TO DEFEND THE INCOMPETENCE.

  reply
• DAN 11 years ago

  and any other big oil seller..Iran say other people can cut production but the never will..they lost too much sales to sanctions

  and any other big oil seller..Iran say other people can cut production but the never will..they lost too much sales to sanctions

  reply
• SIMON 11 years ago

  SOONER THIS GOVERNMENT LEARN THE BETTER ERADICATE SUBSIDIES AND HEDGE CURRENT GLOBAL PRICES OIL PRICES WILL GO UP SOONER OR LATER

  SOONER THIS GOVERNMENT LEARN THE BETTER ERADICATE SUBSIDIES AND HEDGE CURRENT GLOBAL PRICES OIL PRICES WILL GO UP SOONER OR LATER

  reply
• DAN 11 years ago

  YOU PAY THE SAME PRICE WHEN PETRO PRICES DECREASE BELOW YOU CONTRACT...you can bet many airline,railroad,trucking company employees have lost the job for hedging to high of % when forecast of lower prices coming...just think ...
  read full comment

  YOU PAY THE SAME PRICE WHEN PETRO PRICES DECREASE BELOW YOU CONTRACT...you can bet many airline,railroad,trucking company employees have lost the job for hedging to high of % when forecast of lower prices coming...just think if you sign contact for diesel fuel at $3.50 per gal (4 liter) and price drops to $3 or $2.90..you signed contract to pay $3.50 so unless you buy from a different supplier you loose money!

  reply