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!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

But What's the REAL Energy Return of Photovoltaic Energy?

According to a recent, comprehensive study of the scientific literature (1), …

Peak Oil Review - May 23 2016

 A weekly roundup of peak oil news, including: -Quote of the week -Oil …

This is Peak Oil

In the last press review of 2015 I asked if that had been the year petroleum …

Saudi Arabia is planning for the post-oil era, why not the United States?

The world's largest exporter of crude oil, the Kingdom of Saudi Arabia, …

The Other Fire: Fort McMurray's Slow Burn

At the end of the day the $10-billion wildfire that consumed 2400 homes and …

Peak Oil Review: A Midweek Update - 19th May 2016

 A midweek update. Oil prices hit new 2016 highs approaching $50 a …

How to Get your Apartment Off the Grid

The typical solar PV power installation requires access to a private roof …