What then are the implications of the oil discoveries in Africa?
- World focus on Africa will become more intensified. The scramble for economic spheres of influence will be more directed to those countries with oil.
- The African nations with newly discovered oil/gas may become a member of OPEC.
- The economic and political developments of those oil nations will be more closely monitored by the centre to ensure that they do not develop what may be classified as Weapons of Mass Destruction (WMD) or harbour any labelled 'terrorist' elements.
- The international image of African countries with new oil discoveries is likely going to be boosted, just like Africa's oil giant (Nigeria) and Africa's mineral giant (South Africa) which are regular invitees to the G8 meetings.
Saturday, August 18, 2007
Oil and gas discoveries in Africa should get every one -um- excited. See Oil & Gas Discoveries - the Implications: