The 2026 Delta Economic and Investment Summit, by Dele Sobowale
The price of crude now approaching and which might even exceed the $100 per barrel mark represents to the insightful, like Governor Uduaghan, the fact that another round of global economic conflict centred on oil might be underway.(USA, Japan, Germany, Britain, France, Canada, and Italy), the world’s seven strongest economies at the time, led by the USA, regarded this as the economic equivalent of war, the objective of which was to ensure that the USA reduced its dependence on imported crude oil.
Permit me to just add a few more reasons to the list the governor has provided in his excellent essay to prove his point if not for anything else but to register my unflinching support for this crusade… BRIEF HISTORY OF OIL PRICES Today, Tuesday, October 16, 2007, it [oil price] is at an all-time record high of $85 per barrel.
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