Thursday, April 5th, 2007
Africa’s oil boom
by Warren
Africa is undergoing an oil boom, but like most things on that continent, it’s not terribly regulated and its making a few people very rich and keeping the rest on the sidelines.The Americans are also trying to diversify and reduce their dependence on Middle Eastern oil, but with Al Queda gaining popularity in North Africa and China pouring money into infrastructure, the US might find that’s easier said than done.