Skip to comments.
Uganda: Oil Reserves Rival Saudi Arabia's, Says U.S. Expert
East African Business Week (Kampala) ^
| June 2, 2009
| Edris Kisambira
Posted on 06/06/2009 3:39:01 PM PDT by Iron Munro
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61 next last
If true, it's good news in the sense that any significant new oil discoveries might help moderate the push for higher prices by OPEC and others. Some of the bad news is that Uganda doesn't exactly have a rational government and the country also has a close relationship with Iran and is negotiating a deal for Iran involvement in the development of the Ugandan oil find.
Additional related info at this link:
http://allafrica.com/stories/200906020555.html?viewall=1
To: Iron Munro
I guess it’s too late to buy some real acreage in Uganda..
To: Iron Munro
GREAT, Now the tribal wars shall continue to see who gets to control the oil.
To: Iron Munro
Just in time for BHO, Algore, and the UN to ban oil.
To: Iron Munro
But..., but..., this can’t be true. I’m sure we’re running out of oil on this planet. This discovery is surely going to foul up things with that idea...
5
posted on
06/06/2009 3:44:11 PM PDT
by
Star Traveler
(The God of Abraham, Isaac and Jacob is a Zionist and Jerusalem is the apple of His eye.)
To: Iron Munro
Hurry up and bow to the Ugandan President, Obama...
6
posted on
06/06/2009 3:45:11 PM PDT
by
John123
(Turn on your teleprompter Obama and read your lips... "No New Taxes!!")
To: Bringbackthedraft
The Chinese are on the sidelines and will jump in at any moment now.
7
posted on
06/06/2009 3:49:58 PM PDT
by
balls
Ah yes. Uganda. I remember the movie well. “Uganda With the Wind.” Charlotte was always saying, “Oils well that ends well.”
8
posted on
06/06/2009 3:50:33 PM PDT
by
Enterprise
(When they come for your guns and ammo, give them the ammo first.)
To: Iron Munro
But, but, we have been continuously reminded (for what the last 100 years?) that "PEAK OIL" is a reality and there is a finite supply thereof, thus we MUST alter our lifestyles in order to conserve what "little" is left?
Uganda may be buddy-buddy with Ach-Ma-Dhimi-Job, but they are no doubt NOT stupid.
And, when they observe how the Saudis and others live based upon their oil revenues and I predict that they will want to develop this "find" to maximize their profits--even if it should mean making a deal with the Devil (or The BIG Satan)!!!
9
posted on
06/06/2009 3:52:09 PM PDT
by
Conservative Vermont Vet
((One of ONLY 37 Conservatives in the People's Republic of Vermont. Socialists and Progressives All))
To: Iron Munro
Some of the bad news is that Uganda doesn't exactly have a rational governmentBut then again, neither do we...
10
posted on
06/06/2009 3:53:26 PM PDT
by
null and void
(We are now in day 138 of our national holiday from reality.)
To: Bringbackthedraft
11
posted on
06/06/2009 3:54:50 PM PDT
by
ken21
(i am not voting for a rino-progressive.)
To: Iron Munro
Pretty small place for all that oil.
12
posted on
06/06/2009 3:57:28 PM PDT
by
Straight Vermonter
(Posting from deep behind the Maple Curtain)
To: Iron Munro
WOW!
Well I guess our next president should be a Ugandan.
13
posted on
06/06/2009 3:57:38 PM PDT
by
ROCKLOBSTER
(RATs...nothing more than Bald Haired Hippies!)
To: balls
14
posted on
06/06/2009 3:59:27 PM PDT
by
cranked
To: Iron Munro
Umm - what was that term that was so fashionable a couple years ago - pack oil? pick oil? oh -right PEAK OIL!
To: Straight Vermonter
Getting that oil to the ocean is going to be a problem. This is Africa. Thugs will be contending to control the tap. Blowing up pipelines for the out-of-power team will always be a good strategy to hurt the in-power team.
To: null and void
But then again, neither do we...
17
posted on
06/06/2009 4:04:25 PM PDT
by
Iron Munro
(Suppose you were a clueless, idiot, and suppose you were Barack Obama; but I repeat myself)
To: Iron Munro
Poor Idi, “I’ll eat your liver” Amin bugged out too soon!
To: Iron Munro
Long as we drill right through Edi Amin’s body, I have no problem with drilling in Uganda.
Personally, I’d like to see us help Israel exploit her offshore oilfields first.
19
posted on
06/06/2009 4:07:56 PM PDT
by
HardStarboard
("The urge to save humanity is almost always a false front for the urge to rule - Mencken knew Obama)
To: ModelBreaker
“Getting that oil to the ocean is going to be a problem. This is Africa....”
...ain’t that the truth!
Stonewalls, a longtime shareholder in Chevron; a company that’s no stranger to political risk in African oil production.
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson