Friday, April 20, 2007

Six Questions for Nicholas Shaxson on African Oil and American Foreign Policy

From Ken Silverstein at Harper's Magazine

What's driving the newfound American interest in African oil? Angola and Nigeria alone will account for nearly 1/2 of all the growth in OPEC output this year, and America is currently importing as much oil from [Angola and Nigeria] as it is from Saudi Arabia and Kuwait. Within five years or so, West Africa will probably account for a quarter of U.S. oil imports. Around the world, oil companies have been locked out of the best oil and gas provinces, from Venezuela to Russia to Iran. As Dick Cheney put it: “The good Lord didn't see fit to put oil and gas only where there are democratic regimes friendly to the United States.” West Africa is mostly friendlier than Iran or Venezuela; its oil is mostly light and sweet—ideal for making motor fuels—and production is surging. It's hardly surprising the region is attracting a lot of American interest now.

No comments: