Somalia is hoping to join world oil rich countries

[Rooble]

 

[Inactive]

It's too late.

Investments for oil and gas has plummeted.

 

[Apollo]

It's too late.

Oil will eventually rebound in price. The current low oil price wont last for more than 2 years.

 

[Inactive]

Oil will eventually rebound in price. The current low oil price wont last for more than 2 years.

$25 - $50 oil is here to stay for another 5 years.

We won't see $100 again.

We will see $50-60 in 2020

 

[Tokio]

guess it's time to liberate Somalia..cough cough

 

[Apollo]

Low oil is here to stay for another 5 years.
We won't see $100 again.
It will be $25 to $60 from now on

Why? Look at the price history of crude oil. It has been doing this forever and always made new all time highs within a couple of years.

 

[Inactive]

Why? Look at the price history of crude oil. It has been doing this forever and always made new all time highs within a couple of years.

The level of Chinese demand will not come back again.

Shrinking oil consumption in Europe every year.

Shale oil. They can restart production overnight if prices become favorable to them. And they can stop production overnight as well if prices are not. And Shale oil is still resistant to current prices.

Also renewable energy is emerging.

Oil is facing a slow death. The first victim will be Canadian producers. They will collapse first.

No oil producer wants to decrease production. They can't do that anymore to increase prices.

It's a different game now

 

[afrosomali]

Abdulaziz Billow got blessed hairline

 

[Neo-Nidar]

AJ is right we're too late because another reason is the ITER Fusion Reactor that they are building, if the experiment succeeds say goodbye to the use of oil and about selling it too!

 

[John Michael]

Shameless curruption. Smh

These toffs are like maggots feeding off carcass of somalia.

 

[Neo-Nidar]

AJ is right we're too late because another reason is the ITER Fusion Reactor that they are building, if the experiment succeeds say goodbye to the use of oil and about selling it too!

Date and Event of the project:
2006-11-21 - Seven participants formally agreed to fund the creation of a nuclear fusion reactor.
2008 - Site preparation start, ITER itinerary start.
2009 - Site preparation completion.
2010 - Tokamak complex excavation starts.
2013 - Tokamak complex construction starts.
2015 - Predicted: Tokamak assembly starts.
2019 - Predicted: Tokamak assembly completion, torus pumpdown starts.
2020 - Predicted: Achievement of first plasma.
2027 - Predicted: Start of deuterium-tritium operation.

If they want to sell that valuable oil, they gotta sell it now ASAP! lol

 

[Land of Punt]

yet you dont realise that somalia has 35% of the worlds uranim, which the last regime was about to sell to the west before it collapesed