RRS 0.00% 0.1¢ range resources limited

interesting article

  1. 4,312 Posts.
    lightbulb Created with Sketch. 144

    Highlights from the article.

    "Traditional oil producers in the Middle East and Latin America are tightening grip on their resource. Which is why East Africa is believed to be the next oil frontier the West appears determined to hold onto."

    "From next year, the United States will take charge of security in the region to counter the growing spectre international terrorism, but according defence and economic experts, the US is positioning itself to neutralise Chinese influence in East Africa, which has been receiving attention from the world's fastest growing economy,"

    "With its vast natural and mineral resources, Africa remains strategically important to the West, as it has been for hundreds of years, and its geostrategic significance is likely to rise in the 21st century. According to the National Intelligence Council, the United States is likely to draw 25 per cent of its oil from West Africa by 2015, surpassing the volume imported from the Persian Gulf."

    The Central Command (Centcom) countries in or near the Horn of Africa area are Djibouti, Eritrea, Ethiopia, Kenya, Somalia, and Sudan. Africom may be pushed beyond its objectives Against this backdrop, the analysts pointed out, economic and energy resources concerns are the core of US interest in East Africa. Anti-terrorism, they said, is just a smokescreen to lure governments for sustained commercial ties with the West.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.