After weeks of tireless protesting, President Jonathan, made a promise that most people would think he couldn't keep - to lower fuel prices. But so far he is succeeding on his promise. Fuel prices recently have been seen at $0.60/liter, which is obviously good enough to stop the protesting.
To put it in perspective, $0.60/liter is about $2.27/gallon, which in the US right now would be AMAZING. But when you're barely making $20 in a week paying $0.60/liter is out of the question for poverty stricken Nigerians.
In the BBC article it gave few details on how the cost of fuel went down at all, because if it is really something in a President's power why hasn't Obama done anything? I know it is a good thing that fuel prices are high because it encourages more people to not drive as much but I'm just curious.. I don't know all that much about fuel, etc.
Comment pretty pretty please :-)
I'm not an expert on fuel either, but, in the long run, the price is only going to rise and rise. This president most likely lowered the fuel prices temporarily in order to calm down the Nigerians and stop them from protesting. Only to slowly have them rise again (or so I'm predicting). Obama hasn't done anything because the US is so hooked on fuel, top consumers in the world by far, that I don't think he has that kind of power to lower costs so drastically.
ReplyDeleteFuel price seems to be out of everyones contro,l because it is such a wanted resource the price will just continue to go up as time passes.
ReplyDeleteI agree with Tia that, it seems that the President lowering the price of fuel was just quick thinking to prevent the Nigerian people from continuing to go on strike and protest.
Eventually, the President won't be able to fulfill his promise anymore and he's going to have think of another way to calm the people.
Fuel is going to get more and more expensive. Also, the ways we get fuel will only become dirtier and more harmful for the environment. The only way to end this is to finally kick the fuel habit and develop different energy types.
ReplyDeleteNot only are the methods getting dirtier, they are also getting more expensive, more time consuming, and lower yielding. I agree with everyone that the president was just making a quick move to stop protests, but this is only a short term solution.
DeleteAs the amount of fuel decreases, demand will rise. The Nigerian President (or prince) needs to find a long term-sustainable way to handle the fuel situation. The one I would prefer is investing in research for renewable fuels. I'm not sure what natural resources Nigeria has available, but I'm sure that they have something at their disposal which could be sold cheaply for a long time.
ReplyDeleteFuel is not where im an expert in military and history for sure there. Hmm i think Obama should stop getting oil from the Middle East because if we do that will hurt them and they know we are one of their biggest customers so we have power over them. Obama should do more American drilling its even said we have HUGE amounts of oil all over the US and the Gulf of Mexico. Just because gas prices are a little high isnt enough to convince people to stop using oil only if we stopped pumping and getting oil would be the only way.
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