The Next Fix: African Oil
Lara Pawson, 7 February 2008
African oil is sweeter and lighter than Middle Eastern crudes and in recent years it has begun to look increasingly desirable. For political reasons, it became especially attractive after 9/11, and today the US imports more oil from Africa than from the entire Persian Gulf. But there is competition: China now imports more than a quarter of its oil from African countries and Angola has...