Oil and gas remains one of the highest resources whose prices are very volatile in the international market. This is caused by a number of factors including the forces of demand and supply, the speculative nature of investors, oil and financial companies, and the regulatory bodies such as OPEC. Major political events will have an impact on the volatility of oil prices too as major political incident in one part of the country that is a major supplier of oil and gas will turn to affect the entire market and its prices. The major effects of this oil price volatility is the fact that states find it difficult to better plan and manage their budget especially when such budget is highly dependent on oil revenue. The end result is that the oil production in that country will turn to be a curse instead of a blessing.
My fellow citizens: I stand here today humbled by the task before us, grateful for the trust you have bestowed, mindful of the sacrifices borne by our ancestors. I thank … Continue reading Barack Obama in Speeches Inaugural Address.
After eight years as your President, I still believe that. And it’s not just my belief. It’s the beating heart of our American idea – our bold experiment in self-government. … Continue reading Obama in Speeches- The Farewell Address
“You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime – two wars, a planet in peril, the worst financial crisis in a century.
“These are not whiners. They work hard, and they give back, and they keep going without complaint. These are the Americans I know”.
Cynics have turned the government into a game where only them can play, they write the cheques and Americans pay the bills
Winning the title of Oldest Serving African Leader, some considering him the hero that stood up against the imperialist western government while others see him as a great dictator.
Truth be told, the first time I even knew her name was less that five days ago and i had to go watch some of her speeches and i can say she is really ambitious.
In your opinion, is Cameroon a Democracy Failing or a Dictatorship trying to succeed?
African countries in times past have always depended on the Western world for most of their partnerships. they believed that the western world could best help them grow. On the … Continue reading Building Partnerships that Work