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Friday, January 25, 2008

The New Scramble For Africa

West Africa already provides 17 percent of U.S. oil imports. With Washington keen to ease its reliance on the volatile Middle East, the National Intelligence Council, a CIA think-tank, forecasts this will rise to 25 percent by 2015.

Washington has already raised its military profile in the Gulf, launching a permanent naval presence and seeking a site for its new African command. But money may talk more than military might.

Thirsty for oil to feed their booming economies, China and India are pouring billions of dollars into acreage in Nigeria, Angola and Equatorial Guinea, and they are reaping the benefits.

Hmm...They provide 17% of our oil and several of their countries are led by a corrupt dictators...I think I've seen this one before.

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