Controversy had dogged the budget following disagreements with the federal legislators by the executive arm of government
Browsing: Oil benchmark
The executive arm of government had proposed an oil benchmark of $74 per barrel for the budget while the Senate pegged it at $76.5 and the House of Representatives fixed $79
If oil at USD150 did not deliver food, water and basic infrastructure to the teeming masses, what benefit do the ordinary people expect to get with oil at USD75 or USD80? Does it make sense to anybody at this time that both parliament and the executive get engrossed in a shouting match on whether oil is sold for USD75, USD78 or USD80 dollars when the proceeds of sale are lost, squandered, frittered, pocketed or remain unpaid with the oil majors?