Ben Franklin
October 13th 2005, 11:07 PM
I suppose America will have to depend on it's own oil resources at this rate...
Or go to war with China...! :no:
The Eagle, The Dragon, and African Oil (http://www.atimes.com/atimes/China_Business/GJ12Cb01.html)
US-African energy relations
The US currently derives 15% of its oil supplies from Africa as compared to 22% from the Persian Gulf. Within the next ten years, the US could be depending on Africa for a quarter of its oil supplies according to the US National Intelligence Council. Nigeria alone is the fifth biggest source of US oil imports with the United States accounting for half of Nigeria's oil exports. Washington has also re-established its historically important diplomatic and energy relations with Libya, following the removal of economic sanctions in September 2003 after Libya abandoned its nuclear weapons program.
Sino-African energy relations
China currently derives a quarter of its oil imports from Africa, with oil interests in Algeria, Angola, Chad and Sudan and increasing stakes in Equatorial Guinea, Gabon, and Nigeria. China's energy interests in Chad are of particular interest, given that Chad still maintains diplomatic relations with Taiwan.
Or go to war with China...! :no:
The Eagle, The Dragon, and African Oil (http://www.atimes.com/atimes/China_Business/GJ12Cb01.html)
US-African energy relations
The US currently derives 15% of its oil supplies from Africa as compared to 22% from the Persian Gulf. Within the next ten years, the US could be depending on Africa for a quarter of its oil supplies according to the US National Intelligence Council. Nigeria alone is the fifth biggest source of US oil imports with the United States accounting for half of Nigeria's oil exports. Washington has also re-established its historically important diplomatic and energy relations with Libya, following the removal of economic sanctions in September 2003 after Libya abandoned its nuclear weapons program.
Sino-African energy relations
China currently derives a quarter of its oil imports from Africa, with oil interests in Algeria, Angola, Chad and Sudan and increasing stakes in Equatorial Guinea, Gabon, and Nigeria. China's energy interests in Chad are of particular interest, given that Chad still maintains diplomatic relations with Taiwan.