Fri 21 Nov 2008
RECESSION - Is network marketing the answer?
Posted by bussee under Business, National Development, Negotiation, Network Marketing, Nigeria, Opportunities, Politics, Vision, Wealth
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This morning I heard a report on the news that the price of crude oil on the international market has dropped to below $50 per barrel. Ofcourse, this is a fall out of the recession that has been on going in the World now for several weeks. What is happening is that the order for crude oil has dropped desperately because many more countries, organisations and people around the world don’t have the extra to pay for crude oil derivatives. (gas, diesel etc.). Crude Oil price due to this situation has hit a 3yr low and could go lower. The fact that OPEC hasn’t sufficiently cut down on production to create scarcity in the market isn’t helping at all. (more…)