Results 1 to 2 of 2
-
09-05-2022 #1
As Europe eyes Africa’s gas reserves, environmentalists sound the alarm
https://news.mongabay.com/2022/08/as...und-the-alarm/
Ooh! More European abuse of Africa!
"I am, a SIGMA Male...
-
09-07-2022 #2
- Join Date
- Jul 2008
- Posts
- 13,560
Re: As Europe eyes Africa’s gas reserves, environmentalists sound the alarm
Nothing to say on the African abuse of African resources? At what point in the last 40 years did Nigeria and Angola liberate themselves from external investors?
Try to calculate the net profit from oil and gas in Nigeria and Angola since the 1970s, then ask the simple question -where did the money go? You could then ask if Nigeria and Angola are corrupt countries, but that's like asking if they are in Africa. How and why successive regimes in Africa have failed their people is not something that makes for comfortable reading, whether it is the Biafra secession and its grim toll in the 1960s, or the rape of Zaire by Joseph Mobutu backed by Muhammad Ali and the US, and Belgian Governments.
So today after years of neglect of everything but the profts -and what proportion were immediately parked in offshore accounts by Govt officials as the money rolled in?- oil production in Nigeria and Angola are a pale shadow of what they once were and could be.
Angola’s debts to Western oil companies reach $1B: Report | Oil and Gas News | Al Jazeera
Crude oil exports fall to an average of $39 billion per annum under Buhari. It used to be $80 billion per annum - Nairametrics
Similar Threads
-
"Africa Power": controversy in Europe, pride in Africa
By MrFanti in forum Politics and ReligionReplies: 0Last Post: 07-01-2022, 04:59 PM -
Obama Nails It On Oil Reserves!
By chefmike in forum Politics and ReligionReplies: 0Last Post: 08-05-2008, 04:37 PM -
RING THE ALARM DAMMIT!!
By THATSMISSJUNECUZYANASTY in forum General DiscussionReplies: 14Last Post: 04-08-2007, 03:43 AM -
An Alarm clock many might like......................
By JohnnyWalkerBlackLabel in forum General DiscussionReplies: 1Last Post: 01-25-2006, 04:18 PM -
No Sound
By Canucklehead in forum General DiscussionReplies: 3Last Post: 11-04-2005, 06:21 AM