Building a world of
resilient communities.

MAIN LIST

 

South Africa to seek oil from African countries

South Africa will explore ways to source its oil from other African countries in a effort to cope with spiralling global prices.

Reports say Energy Minister Phumzile Mlambo-Ngcuka disclosed during her department's presentation to Parliament's joint budget committee, that her department would join the Association of African Oil Producers.
Click here

Mlambo-Ngcuka reportedly said that although oil pricing was international she would also explore the possibility of influencing African countries to supply oil to fellow countries on the continent at reduced prices.

"Even though we are a small producer, we are used to punching above our weight. We can make our voice count."

Editorial Notes: Story of interest because of push for outside-market arrangements for oil supply; an increasing number of countries are showing interest in non-global-market deals (Venezuela-Cuba being best example energybulletin.net/2370.html ), which fractures the assumptions of market economists everywhere. -LJ

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

Tags:  

Peak Oil Review - July 28

A weekly review including Oil and the Global Economy, The Middle East & …

The Changing Face of World Oil Markets

My conclusion is that hundred-dollar oil is here to stay.

IEA Oil Market Forecast: Optimistic Assumptions And An Economy Unable To Grow Out Of Its Problems

The International Energy Authority does does its best to paint a rosy …

Energy Crunch: Global debate heats up

News that last month was the world’s hottest June on record provided …

Divest! - Then What?

Divestment is one of the great campaigns of our times.But the question then …

World Oil Production at 3/31/2014-Where are We Headed?

The standard way to make forecasts of almost anything is to look at recent …

Peak oil notes - July 24

A midweek update. New York crude futures have traded in a narrow range …