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Africa's oil boom shifts balance of power »

Posted by: ekklesiawarrior 1 month, 1 week ago

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In the coming decades, Africa's oilfields may begin to rival the strategic significance of the Middle East's reserves. As new discoveries elsewhere steadily diminish, the global balance of oil wealth shifts towards Africa with every passing year.

Read Full Story at telegraph.co.uk

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    ekklesiawarrior1 month, 1 week ago

    Op-Ed:

    China has invested billions to create oil fields within Africa. The balance of power is about to shift.

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      ekklesiawarrior1 month, 1 week ago

      Telegraph:

      In the coming decades, Africa's oilfields may begin to rival the strategic significance of the Middle East's reserves. As new discoveries elsewhere steadily diminish, the global balance of oil wealth shifts towards Africa with every passing year.

      Already, America buys more oil from Angola and Nigeria than it does from Saudi Arabia. Angola, the newest member of Opec, has overtaken Nigeria to become Africa's biggest producer

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      ekklesiawarrior

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