Oil is no longer desired

[Jimbie]

Elon musk was prepared for this moment no wonder he was snitching for Biden to seize Russian billionaires yachts

[Jimbie]

Chinese digital currency was going to kill the petro dollar anyways, kill it before you fall behind and move to digital currency that is smart move from the feds

[original dervish]

This NATO RUSSIA war can work in Somalia's favour.
As the oil price steadily rises, as much as $300, Somali offshore reserves will come into play.

[Thecoolguysomali]

This NATO RUSSIA war can work in Somalia's favour.
As the oil price steadily rises, as much as $300, Somali offshore reserves will come into play.

the stupid zoomalis will still not use it

[paperino]

This NATO RUSSIA war can work in Somalia's favour.
As the oil price steadily rises, as much as $300, Somali offshore reserves will come into play.

The average Somali is unlikely to benefit from oil production. Production could even prove to be a curse, making things worse than they're today (South Sudan?). The average people of other big producers (i.e. Nigeria) aren't faring better. Oil production won't solve the underlying problems of Somalis. Somalia has enough natural resources (agriculture, marine, livestock, etc) that if taken advantage, could make the country self-sufficient and even exporter. Finally, if production were to start, a minimal benefit might be seen at least a decade from today, so there's a need to temper down expectations & hopes.

[mahoka]

This NATO RUSSIA war can work in Somalia's favour.
As the oil price steadily rises, as much as $300, Somali offshore reserves will come into play.

The average Somali is unlikely to benefit from oil production. Production could even prove to be a curse, making things worse than they're today (South Sudan?). The average people of other big producers (i.e. Nigeria) aren't faring better. Oil production won't solve the underlying problems of Somalis. Somalia has enough natural resources (agriculture, marine, livestock, etc) that if taken advantage, could make the country self-sufficient and even exporter. Finally, if production were to start, a minimal benefit might be seen at least a decade from today, so there's a need to temper down expectations & hopes.

Failed state can’t drill for oil and if it allows foreign companies to drill they will be taken advantage of.

Also how can a nation facing drought/famine every 2/3 years have an export industry in agriculture?

[TarTar]

niggs bin talking about replacing oil for decades. can't wait for this to finally happen. make earth green again

[Jimbie]

niggs bin talking about replacing oil for decades. can't wait for this to finally happen. make earth green again

ESG (Environmental social governance scores is the first thing investors look at. So it’s very tough to raise money for oil and gas exploration.

[Jimbie]

Chinese digital currency was going to kill the petro dollar anyways, kill it before you fall behind and move to digital currency that is smart move from the feds

Biden signs executive order for central bank Digital dollar …