oil Archives - Page 9 of 36 - Foreign Policy In Focus

Occupy Nigeria

by Kwei Quartey | Jan 19, 2012

On January 1, 2012, Nigeria’s fuel regulator announced that the government was immediately discontinuing its fuel subsidy to help cut government spending, causing an overnight spike in fuel prices from $1.70 to $3.50 per gallon. Such a hike would be outrageous even for Americans. But for a drastically poorer country like Nigeria—where 70 percent of the population of 160 million lives below the poverty line—it was insufferable. Cheap fuel is one of the few benefits Nigerians enjoy as citizens of Africa’s largest (and the world’s 14^th-largest) oil producer.

Nigeria’s Perfect Storm

by Francis Njubi Nesbitt | Jan 16, 2012

Nigeria is facing a perfect storm of crises including a national strike, widespread protests, and sectarian violence in the north. Although the strikes, attacks, and protests raise the specter of another civil war in Africa’s biggest oil producer, the United States and the international community should avoid aggravating the situation by seeming to encourage a military solution.

IT Systems Are Just as Important to Flow of Oil as Straits of Hormuz

by Russ Wellen | Dec 10, 2011

Hackers may soon cause massive disruptions in the oil industry.

America vs China in Africa

by Francis Njubi Nesbitt | Dec 1, 2011

China’s imminent replacement of the West as the dominant international economic and political force in Africa epitomizes the most dramatic shift in geopolitics since the collapse of the Soviet Union. Yet the United States and Europe, Africa’s traditional trading partners, seem incapable of responding to the challenge and retaking the initiative. Instead, their response has been to wring their hands in despair and make ineffectual noises about human rights and democracy.

Rebuilding Libya

by Saeb El Kasm | Nov 10, 2011

Muammar Gaddafi’s misuse of governmental instruments and assets for over 42 years has left a gaping political vacuum, a severely impaired civil service, and a virtually non-existent civil society in Libya. Decades of intentional manipulation of state resources and a gross mismanagement of oil revenues have led to immeasurable social exclusion. According to the UN, over 40 percent of Libya’s population of 6 million lived below the poverty line under Gaddafi and reaped no direct benefit from its monumental oil riches.

What’s Next for U.S.-Libyan Relations?

by Phyllis Bennis | Oct 24, 2011

After Muammar Gaddafi’s demise, the future of Libya’s relationship with the United States remains uncertain.

Dismantling Elmina Castle

by Kwei Quartey | Oct 20, 2011

According to Ghana’s Minister of Energy, 13 different petroleum operations are in different stages of oil exploration off Ghana’s shore, and more companies are seeking production rights all the time. The British, Dutch, Chinese, Italians, Russians and Americans are all salivating at Ghana’s front door. Ghana has long been a leading cocoa exporter, but cocoa and its end product chocolate do not elicit the intensity of lust that oil does.

Afghanistan’s Energy War

by Shukria Dellawar, Antonia Juhasz | Oct 5, 2011

Violence escalated daily in Afghanistan with the approach of the 10-year anniversary of the U.S. invasion on October 7. At the same time, a little-noted energy agenda is moving rapidly forward that may not only deny Afghans the much needed economic benefits their energy resources could provide, but may also exacerbate insecurity and instability, ensuring a prolonged U.S. and foreign military presence. It is an agenda remarkably similar to one well underway in Iraq.

The New Scramble for Africa

by Conn Hallinan | Sep 14, 2011

Is current U.S. foreign policy in Africa following a blueprint drawn up almost eight years ago by the right-wing Heritage Foundation, one of the most conservative think tanks in the world? Although it seems odd that a Democratic administration would have anything in common with the extremists at Heritage, the convergence in policy and practice between the two is disturbing.

Timor’s Oil: Blessing or Curse?

by Guteriano Neves | Aug 26, 2011

Oil has different meanings for different societies. For developed societies like the United States, Japan, and Western Europe, oil is like an addictive drug that people only want more and more of. It enables them to go everywhere. It helps them cook and regulate the temperature of their dwellings. Without oil, people in these societies couldn’t sustain their way of life. For these reasons, many countries go to war for the sake of securing access to oil.

However, oil has different significance for developing countries whose economies heavily depend on exporting oil and gas.