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Could we be fueling future fossil fuel glut?

Discussion in 'International Forum' started by mwathai, Jul 5, 2012.

  1. m

    mwathai Senior Member

    Jul 5, 2012
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    NEWS ABOUT NEW FINDS OF natural gas and crude oil fields has become regular in this region this year. Every week, we are bombarded with the good news of a new oil find inn Kenya of LNG find in Tanzania. ….could we investing in a future fuel glut? Despite the sanctions on Iran, crude prices have shrunk from $111 a barrel at the end of February to $88 a barrel to day…. What does this means for the sector?
    East Africa Economic Report: Fueling a fossil fuels glut?
  2. Ndahani

    Ndahani JF-Expert Member

    Jul 5, 2012
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    As long as those big guys still getting control of what will happen next to us, the future is still bright. Hakuna easy way from crude in the next few years, the way I see it.