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Humhitaji Mtabiri Kutambua Hili

Discussion in 'International Forum' started by Ernesto Sheka, Mar 9, 2011.

  1. Ernesto Sheka

    Ernesto Sheka Senior Member

    #1
    Mar 9, 2011
    Joined: Oct 24, 2010
    Messages: 102
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    Nyakati ngumu bado zitatusonga kama taifa na bara zima la Afrika.
    When they sneeze.....

    NEW YORK (CNNMoney) -- Oil prices closed 1% higher, as the violence in Libya continues to unsettle the market.
    The benchmark U.S. contract, West Texas Intermediate, for April delivery gained $1.03, or 1%, to settle at $105.44 a barrel. The contract rose to a high of $106.95 a barrel earlier in the session.


    However brent crude, the main European contract, fell 77 cents to $115.18 a barrel.

    Oil prices rose nearly 7% last week as fighting between rebels and forces loyal to Libyan leader Moammar Gadhafi escalated. The weeks-long conflict showed no sign of abating Monday, with death toll estimates now ranging from more than 1,000 to as many as 2,000.

    The International Energy Agency estimated Friday that roughly 1 million barrels per day of Libyan oil have been taken off the world market so far, even as some crude shipments have resumed. Libya exported 1.6 million barrels per day in 2010.

    Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries have pledged to increase production to make up for any lost oil due to unrest in Libya.
    But many investors are concerned that the anti-government movement that toppled long-standing governments in Egypt and Tunisia earlier this year could destabilize oil-rich nations in the Middle East. That could further disrupt the supply of crude oil to the world market.

    Tom Pawlicki, an energy analyst at MF Global, said in a research report that oil prices could get a boost ahead of a "day of rage" protest scheduled to take place in Saudi Arabia on Friday.

    Speculators double-down on oil
    In Washington, meanwhile, there is increasing talk about accessing the nation's strategic petroleum reserves.

    Treasury Secretary Tim Geithner told lawmakers Thursday that the U.S. and other nations are prepared to tap back-up oil reserves if Libya unrest continues and severely disrupts oil supplies. However, no official decision has been made.

    Despite the supply concerns, many analysts point out that crude stockpiles in the United States and elsewhere remain relatively flush, suggesting that the recent rally in oil prices is driven by speculation.Oil tests $107 a barrel, then falls back - Mar. 7, 2011
     
  2. MaxShimba

    MaxShimba JF-Expert Member

    #2
    Mar 9, 2011
    Joined: Apr 11, 2008
    Messages: 35,808
    Likes Received: 94
    Trophy Points: 145
    Thats why we need to stop depending on oil. Oil kills bro. And EXXON; BP, SHELL, SUNOCO, EXXON MOBIL, etc.....ALL smile a LITTLE more!
     
  3. Bigirita

    Bigirita JF-Expert Member

    #3
    Mar 9, 2011
    Joined: Feb 12, 2007
    Messages: 13,582
    Likes Received: 332
    Trophy Points: 180
    Mmmh!
    Oil ni problem,
    Maji ya kujaza mtera ni problem
    Miwa ya kutengeneza sukari ni problem
    Walimu wa shule za kata ni problem
    Vitabu mashuleni ni problem
    Dawa ya pamba ni problem
    Babu wa loliondo ni problem

    Kila kitu ni problem. Mr. E. Sheka. (Mbunge)
     
  4. Ernesto Sheka

    Ernesto Sheka Senior Member

    #4
    Mar 10, 2011
    Joined: Oct 24, 2010
    Messages: 102
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    Reply yako inaonyesha hata uwezo wako wa kufikiri na kuchanganua mambo ni tatizo.
     
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