To: Andy Thomas who wrote (12588 ) 3/13/2002 11:57:34 AM From: GUSTAVE JAEGER Respond to of 23908 allafrica.com Excerpt: Last week the Institute for Advanced Strategic and Political Studies in Washington drew a large crowd when it hosted a seminar on African oil. Speakers included the assistant state secretary for Africa, Walter Kansteiner, and congressman Ed Royce, the energetic California Republican who chairs the house's Africa subcommittee, and Karl. A decade after the Gulf war, the events of September 11 have been another reminder that life might be simpler for the US if it could do without oil from the Middle East, the source of 24% of its imports. Half comes from producers like Canada, Mexico and Venezuela. The Gulf of Guinea accounts for 14%. "African oil should be treated as a priority for US security postSeptember 11," said Royce. Geographically the reserves of Nigeria, Angola and Equatorial Guinea are much closer to the US refineries than the Arabian peninsular. It was "very, very difficult to imagine a Saddam Hussein in Africa". And, if there was trouble, good news: "Most of the production is offshore." President George Bush is close to the US oil industry. With projections showing that the Persian Gulf will still be supplying between 54% and 67% of the world's oil in 2020, the administration is serious about diversifying US sources. This is a major factor in Bush's Africa policy. The question is: how far will the administration go in supporting demands that the oil enrich, rather than poison, the societies to which it belongs? Royce, who is taken seriously by the Bushies, says governments must account for how they spend their oil revenues, though he avoids insisting, as groups like Global Witness have done, that the oil companies disclose what they are paying the governments. [...] __________________