Posted by: Armel | April 10, 2008

THE WADE FORMULA (Pt-29)Qt=St

The WADE FORMULA  (Pt-29)Qt=St was invented by the Senegalese President Abdoulaye Wade who’s also an Economist and a Mathematician along with other Senegalese Scientists.

The application of the formula intends not only to alter the negative effect of the oil price increase on African economies, but also to find a better path to economic stability based on the current rise in the price of crude.

The formula has been invented using 3 variables:

-The excess profit made by the oil companies operating in Africa

The royalties or Revenues obtained by the oil-producing African countries

The surcharge sustained by the Non-oil Producing African Countries when they import oil

Here is Wade on France24 News channel explaining it all (go to 10:18 mark)

 For in depth details go to THEWADEFORMULA.COM

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