Posted on 06/06/2009 3:39:01 PM PDT by Iron Munro
Just think, Kenya would have been a good route until a few years ago. Who do we know that was involved with the folks destabilizing that country?
BWAHAHAHAHAHAHAHA!!!!!
Our local weekly paper is owned and edited by a "peak oil" fetishist, so we get continual editorial rants on the topic, both from the owner/editor's pal the "peak oil expert" and the editor himself (in signed editorials).
As you might have guessed, he is an unmitigated Obamamaniac, in addition to being an "objective journalist."
Reserves aren't measured in terms of production rate. They're measured in terms of volume.
The Chinese will have no trouble getting the oil to the Indian Ocean. They are dominant in all strategic ports along the Indian Ocean east coast of Africa. They are building infrastructe all over East Africa. The are unencumbered ethics and will buy off any resistance.
“Just think, Kenya would have been a good route until a few years ago. Who do we know that was involved with the folks destabilizing that country?”
I’ll take “Muslims with family connections to major world leaders,” for $500, Straight.
typo fix:
The Chinese will have no trouble getting the oil to the Indian Ocean. They are dominant in all strategic ports along the Indian Ocean east coast of Africa and are building infrastructer all over East Africa. They are unencumbered by ethics and will buy off any resistance.
The Chinese have virtually colonized Kenya - it’s practically theirs.
We’ll never see any of it. What little they produce will be controlled by the OPEC cartel. Unfortunately, the ugandans will probably never see any of it either.
There is no rule of law there so your purchase would be pointless.
With a billion people it would be easy to overwhelm them. Just send in more until they are impossible to deport, then send in troops to protect their nationals. Given their natural resource limitations, they should be doing that in Panama and Kenya anyway.
But, but ... they won’t want to develop it, will they?? Because then their fair country won’t be pristine. There’s a strong pro-America contingent in Uganda, I think.
Precisely. I bet that is the plan.
If I recall correctly was not Uganda on the table once upon a time as consideration for the Jewish Homeland?
Now, doesn't that open up a passel of irony?
There is some oil in Uganda. It was discovered in 2006. Some drilling has occurred since. Whatever they have is not yet in production.
http://www.voanews.com/english/archive/2009-03/2009-03-25-voa51.cfm?moddate=2009-03-25
Yes but why would the oil companies produce MORE oil when they are doing so well with so LITTLE?
Just by the very nature of cartels, prices are artificially high because supply is constrained and consumers are chasing limited supply. Rogue cartel members always try to cheat and sell more at the inflated price than the cartel group agreed to. If they can get away with it, the rogue members increase their market share and make a windfall profit because, in effect, they don't have any competition.
If I am not mistaken, Red China also has considerable involvement in Uganda. Now, we know why.
Agreed.
Also, as a geologist, I am pretty sure that most of Uganda is Volcanic from the Rift Valley.
Any new find in oil won’t make a difference unless it is American drilling. EOD!
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