Nigeria has only sold of it's 1/3 oil, meaning that even the current price is 2/3's higher than it should be to meet market demand.looks like that they're not going to slow down until oil is worth less than sand. Consider the fact that this is all while Russia oil is kept out of the market.
This could have devastating implications for Nigeria, Algeria, Angola, and other African petro-states
Question now is what if Russia, in defense of the ruble,decides to revert to a gold standard.
This could have devastating implications for Nigeria, Algeria, Angola, and other African petro-states
Question now is what if Russia, in defense of the ruble,decides to revert to a gold standard.
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and wondering when he's gonna stop with his bullshit; they don't want bread lines again.
