As clouds of war gather in the Middle East, the Pentagon has deployed a Guided Missile Submarine and the USS Abraham Lincoln Aircraft Carrier to sail full speed ahead towards the Middle East.
One interpretation to this order may mean that the possibility of an outright war is imminent. The implications of an all out war will be enormous for the world economy. As much as the world has tried to diversify away from fossil fuels, it’s not happening fast enough to impact the primacy of Oil.
Economies around the world, including the Nigerian economy, British and American are already being plagued by soaring prices. Analysts at Egogonewshub.com believe that a Barrel of Oil might hit an all time high of $200 a barrel. The highest the price of a barrel has ever gone was in 2008 when it hit $147.02 sparking world recession.
Currently, prices hover around $79.00 per barrel. While high prices may be beneficial to some Oil producing countries, Nigeria has had a history of stealing the windfall from every rise in prices and the benefits never get to the people. The mind-boggling thing with the Nigerian State is that while China executes its own high profile thieves, Nigeria negotiates with her own thieves to be kind to release a part of their loot and refund a portion. If you know how to steal in a big way, clearly, there’s no better place to be a big-time thief than in Nigeria. We respect the thieves amongst us.
Staff Writer.
Egogonewshub.com
