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Estimated 71 Billion Barrels...
a4architect.com
#921 Posted : Wednesday, July 03, 2013 3:03:38 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
lets hope the oil can cancel out the current consumption of approx. 80k barrels per day.

http://www.indexmundi.co...il&graph=consumption
As Iron Sharpens Iron, So one Man Sharpens Another.
hisah
#922 Posted : Wednesday, July 03, 2013 3:10:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Need handbrakes pulled on the oil news flows. Need more discount windows.

#greed
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#923 Posted : Wednesday, July 03, 2013 3:30:30 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
China's Cnooc Mulls Uganda Oil Refinery, Pipeline Investment - Uganda Government
http://www.4-traders.com...da-Government-17066655/
GOD BLESS YOUR LIFE
Sufficiently Philanga....thropic
#924 Posted : Wednesday, July 03, 2013 3:38:32 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
Need handbrakes pulled on the oil news flows. Need more discount windows.

#greed

Need to get the leg off the brake pedal to gassmile

#SufficientlyCashless
@SufficientlyP
murchr
#925 Posted : Wednesday, July 03, 2013 3:54:46 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Need handbrakes pulled on the oil news flows. Need more discount windows.

#greed


I expected to see major movements but seems the news hasn't had an impact in KE. Or maybe the VAT bill is blinding issues
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mwekez@ji
#926 Posted : Wednesday, July 03, 2013 4:03:30 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
murchr
#927 Posted : Wednesday, July 03, 2013 4:08:40 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Here is citi's research note https://ir.citi.com/Fhfc...yYznDEfMOAFbuxsU7DMW4%3D
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Cde Monomotapa
#928 Posted : Wednesday, July 03, 2013 4:58:02 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Research! Eh, maSela wako makini!
murchr
#929 Posted : Wednesday, July 03, 2013 5:07:23 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Cde Monomotapa wrote:
Research! Eh, maSela wako makini!


smile
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
limanika
#930 Posted : Wednesday, July 03, 2013 5:39:08 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
[quote=a4architect.com]lets hope the oil can cancel out the current consumption of approx. 80k barrels per day.

http://www.indexmundi.co...l&graph=consumption[/quote]
The mathematics is not thaaaaat straight forward. The crude discovered in Kenya and UG is the dirty type- or waxy if you like. It takes more waxy crude to yield a litre of gasoline compared to sweet / non-waxy crude. And then there is no guarantee that the cost of fuel at your local petrol station will go down, so it does not translate into more money in your pocket. The oil will only make sense if significant quantities are exported and the government puts the foreign exchange into good use it e.g- develop energy sources, subsidise cost of electricity, develop road and rail infrastructure, etc to make our economy competitive.
119 Pages«<9192939495>»
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