{UAH} Shs400 billion plan to develop oil districts unveiled--It will NOT happen

"Shs400 billion plan to develop oil districts unveiled" Monitor

I have said it before, it will NEVER happen. I wrote 10 years ago telling Ugandans that commercial oil will not flow in the next 15 years. My prediction is right. Why is government making this promises. Oh I forgot election is coming...

For those of you following the oil business, At 80-90-dollars a barrel Uganda oil is not profitable period. Anyone can say anything but the number don't add up.

Believe me with Canada and USA producing so much oil and overtaking the house of the Saud, oil price will be around 80-90 dollars for a long time.

-Chaka