March 1, 2012

Oil Over Troubled Waters

Kwei Quartey, CounterPunch


AP

In 2007, Tullow Oil and partner Kosmos Energy discovered substantial petroleum reserves in the Jubilee field 37 miles off the coast of Ghana. Oil production began in December 2010, attended by rather inflated expectations of sudden wealth for this rapidly developing West African country. As Christiane Badgley says in one of her many authoritative articles on Ghana’s oil industry, nothing seems to capture the public imagination like oil. . .

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TAGGED: Global Oil Market, Environmental Impact, Energy Security, Politics, Foreign Oil, Ghana, CounterPunch

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