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Crude oil now below usd 30
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bartum
#1 Posted : Wednesday, January 13, 2016 10:33:39 PM
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What is the effect to our economy
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VituVingiSana
#2 Posted : Thursday, January 14, 2016 12:03:56 AM
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bartum wrote:
What is the effect to our economy

Good. It reduces the outflow of forex. Reduces inflation.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cornelius Vanderbilt
#3 Posted : Thursday, January 14, 2016 6:49:59 AM
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Things causing downward pressure on the price of oil:
1. Contracting Chinese economy
2. Saudi Arabia's refusal to pump less gas
3. Shale drilling in the USA
4. General shift in attitudes towards renewable sources of energy.
Things causing upward pressure on the price of oil:
Nothing really. There is a glut in regards to supply vs demand
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newfarer
#4 Posted : Thursday, January 14, 2016 6:57:47 AM
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Joined: 3/19/2010
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@CV on #4,Was impressed when I took a walk in the village over Dec holiday, most homes are using solar panels for lighting, insignificant it may be, but a turn to the right direction. Wakae na mafuta yao.

Was wondering why it took so long to discover the power of sun
punda amecheka
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kenyariri
#5 Posted : Thursday, January 14, 2016 10:08:34 AM
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The government must be screwing us big time....the prices should be someway Ksh 70 and below!
Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
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maina20
#6 Posted : Thursday, January 14, 2016 10:19:23 AM
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Joined: 7/21/2010
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Location: nairobi
VituVingiSana wrote:
bartum wrote:
What is the effect to our economy

Good. It reduces the outflow of forex. Reduces inflation.

It is also good for downstream oil companies,due to reduced financing cost ( cheaper imports) as well as transport sector ( more margins since the fare/ air tickets have not reduced in tandem with the reducing prices)
Bad for upstream business as seen by Tullow oil Downsizing and 4,000 job loses by BP http://www.bbc.com/news/business-35289771
..desire to succeed is always fighting with fear of failure..
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Swenani
#7 Posted : Thursday, January 14, 2016 10:42:39 AM
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kenyariri wrote:
The government must be screwing us big time....the prices should be someway Ksh 70 and below!


The dollar has strengthened


If Obiero did it, Who Am I?
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mlennyma
#8 Posted : Thursday, January 14, 2016 10:44:49 AM
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Really,Kk will more likely fattensmile
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#9 Posted : Thursday, January 14, 2016 11:19:37 AM
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Posts: 18,265
Location: Nairobi
newfarer wrote:
@CV on #4,Was impressed when I took a walk in the village over Dec holiday, most homes are using solar panels for lighting, insignificant it may be, but a turn to the right direction. Wakae na mafuta yao.

Was wondering why it took so long to discover the power of sun

We were waiting for the guys from M-Kopa to show up. http://solar.m-kopa.com/about/executive-team/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#10 Posted : Thursday, January 14, 2016 4:29:37 PM
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Anyone with info on the fuel prices for the next one month?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Impunity
#11 Posted : Thursday, January 14, 2016 6:05:24 PM
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Ericsson wrote:
Anyone with info on the fuel prices for the next one month?


We will never see these LOWs in our lives, please enjoy and take screenshots for memories!!!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#12 Posted : Thursday, January 14, 2016 6:27:54 PM
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The Fixed Cost [Taxes, Transport & Margins] component is now higher than the variable [fuel] component. The taxes = cost of fuel!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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