Posted on 01/11/2016 11:22:39 AM PST by kbobdelux
The U.S. government says it will help Kenya get the financing it needs to build an $18 billion pipeline from the oil fields in the country's northwest to its southeastern Indian Ocean coast to help it become a net exporter of oil.
The pipeline would stretch nearly 500 miles from Lokichar in Kenya’s Great Rift Valley to the coastal town of Lamu, and would be an almost impossibly expensive project for the East African nation. Yet there is enough oil there to make the plan worthwhile. The pan-African financial institution Ecobank Transnational Inc. says it has proven reserves of about 1 billion barrels of crude oil.
Yet the London-based energy company Tullow Oil Plc, which already has discovered 600 million barrels of crude in the South Lokichar Basin alone, has yet to begin drilling there because of the persistent low price of oil.
In order to get the project moving, U.S. Ambassador Robert Godec met Tuesday with Kenya's energy secretary, Alfred Keter, telling him that Washington would help Nairobi find the $18 billion it will need to build a pipeline that would move its oil to the coast and, from there, to foreign customers. The initiative is known as PowerAfrika.
(Excerpt) Read more at oilprice.com ...
Dang.
Sure would be nice if we could get a nice new pipeline over here.
Oh, wait...
Kenya believe this?
Obummer gives Kenya a pipeline and none for us!
And how many oil workers live in Kenya? Who is the money really going to?
I thought oil pipelines were too dangerous and polluted too much.
Wonder if they’ll name it “Keystone”?
Maybe Kenya can put one in for us.
Wonder if they’ll name it “Keystone”?
Looks like speculation....and perhaps a rip off of USA help.
Has the environmental impact study been done? What is the impact on global warming? These construction jobs are just temporary...
And yet he tries his best to destroy the US and Canadian oil industry.
I guess we aren’t black enough to help for a racist like Obama.
Not just a little ironic.
I know. That is strange. Thankfully the gas prices are falling anyway but it sure would be nice if we could have an oil pipeline.
I thought oil was bad. Are they racists trying to kill Kenyans, African wildlife and the planet?
Obama wants to pollute the Great Rift Valley? Horrors! They definitely should call this the Kenyastone Pipeline.
But.... what about the ‘environmental damage’ ????
How does work? I mean here’s an example of the kind of headline we’ve read all of our lives. Where does the money come from? How is the American tax payer involved? What do we get out of this?
Hey, Mr. Trump, can you find out for us?
Priorities, I guess.
And yet we at home prevent private industry from financing their own pipeline...
The media sees nothing wrong with this at all.
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