Our leaders may as we'll reduce the fuel price all the way down to about N50 per litre since the general belief is that the global reduction of the fuel price will not change.
At least that's what Saudi Prince Alwaleed believes about oil, which plunged below $46 a barrel on Monday for the first time since the spring of 2009.
At least that's what Saudi Prince Alwaleed believes about oil, which plunged below $46 a barrel on Monday for the first time since the spring of 2009.
The well-known billionaire investor recently told USA Today he's positive we're "never" going to see $100-a-barrel oil prices again.
"There's less demand, and there's oversupply. And both are recipes for a crash in oil. And that's what happened. It's a no-brainer," Alwaleed told the paper.
The comments from the prince mirror ones by Ali al-Naimi, the Saudi oil minister who said$100 oil may be a thing of the past in December.
Cheap gas here to stay? If those predictions are accurate, it could also mean gas in the U.S. might not go above $3 again. Thanks to the oil meltdown, the national average price of gas has plunged to $2.13, compared with $3.31 a year ago, according to AAA. (Source: CNN)
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