Oil and Africa
dmschanoes at earthlink.net
Mon Jul 7 06:49:50 MDT 2003
Today's Financial Times page 11 (web access is fee based, sorry).
Oilmen flock to an alternative source: Estimates that 20-25
percent of US imports in 2005 will come from Africa.
Exploration and development has centered on Gulf of Guinea
[advances in deepwater offshore, first deployed in Gulf of
Mexico-- this year deepwater production will exceed shallow
water-- have reduced the cost of extraction].
US interest also targets Sao Tome, and Principe, historically
the first entrepots for Portugal's slave trade. How appropiate.
Also regarding oil, no matter which side of the
shortage/overproduction debate you take, the US DOE's Energy
Information Agency provides important surveys of countries
energy patterns and trading. Latest country update is
More information about the Marxism