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Old December 22nd, 2005, 07:52 AM   #1
Just a Spouse
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Default Another African country has found oil.

I wonder if these poor African countries can eventually be where we will get most of our oil in the future? Its a shame that these countries have not been able to overthrow their corrupt governments and leverage the money from the oil to better their societies.

Oil in Sao Tome

In part: Sao Tome and Principe is the newest nation to join the Gulf of Guinea oil-producing countries.


What I've seen so far is that the rich get richer and those who don't have money just stay poor

It is determined not to go down the same road as some of its neighbours, where corruption and mismanagement of oil revenues are said to be responsible for a lack of development.

"When we see all the oil-producing countries around Sao Tome we cannot understand how they can produce so much oil, have so much wealth, and live in such poverty," says Afonso Valera, legal director for the National Agency for Petroleum in Sao Tome.
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Old December 22nd, 2005, 07:56 AM   #2
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Thats how it is in the middle east. The "class" system is still working for them.
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Old December 22nd, 2005, 08:18 AM   #3
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Canada is going to become the largest oil producer in the not so distant future with new methods of extracting oil from the sandy layer they discovered years ago.
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Old December 22nd, 2005, 09:05 AM   #4
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Quote:
Originally Posted by Lothos
Canada is going to become the largest oil producer in the not so distant future with new methods of extracting oil from the sandy layer they discovered years ago.
Sweet!

V10 here I come!
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