Monday, December 17, 2007

The Future of OIL Money

Dear Dad

The prices of oil & gas are soaring. That means that buyers are "groaning but paying"...for NOW! And it also means that sellers are "reaping and smiling"...RIGHT NOW!!

Don't be deceived, both sides know the costs and the consequences. New, especially renewable, sources and alternatives are being explored, developed and WILL be exploited and deployed in due course. SOONER than later!!!

My concern, dad, is that Nigeria is doing absolutely NOTHING about it! We are looting our oil & gas earnings, and have not sorted out our domestic energy & NEPA/PHCN-doom, but most of all, have ignored the global race towards renewable energy sources and resources!!!

This government seems to be oblivious to the crises. It baffles all and sundry!!!

If oil money reduces and dries up, NIGERIA will be in dire straits faster, deeper and sooner than anywhere else that I know!!!

We wait on these comedians and conspicuous consumptionists in government!!!

Your worried son
Dayo

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