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The Scramble For Somali Oil

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Nah more like Al Quaida net work found in Somalia found to be aiding Gaddaffi or whatever.

At which they will invade and drill the oil and take it in 'trust' for the good of the Somali people.

What? Implausible? Happened twice already.

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Good luck to that, I know someone who was out there in the Ogaden? desert drilling for oil back in the 1970s. He was in the mud logging cabin when he saw the graph make a wild jump. He ran out of the logging hut as fast as he could go since he knew it meant a gas pocket was going to blow the drill out of the ground and the best place to be was anywhere else. A strong long distance runner, he was overtaken by fat Texans who had seen him run out of the cabin and were much more frightened than him.

There may be gas or oil but since every 12 year old guarding his father's goats is armed with an AK47 I think they will lose more than their shirt.

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China had deals with Libya, such deals can be cancelled if you have enough guns.

Actually in Lybia Italy was dominating the oil operations (due to Gaddafi's friendship with Berlusconi) and both the French and the Anglo-American oil multis weren't happy about that and wanted a bigger share for themselves. That's the main reason for the UK/US/French war against Gaddafi (Italy got reluctantly involved since otherwise it would lose out completely).

Edited by awake_eagle

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http://www.guardian.co.uk/world/2012/feb/25/britain-oil-dash-somalia?newsfeed=true

Britain is involved in a secret high-stakes dash for oil in Somalia, with the government offering humanitarian aid and security assistance in the hope of a stake in the beleaguered country's future energy industry.Riven by two decades of conflict that have seen the emergence of a dangerous Islamic insurgency, Somalia is routinely described as the world's most comprehensively "failed" state, as well as one of its poorest. Its coastline has become a haven for pirates preying on international shipping in the Indian Ocean.

David Cameron last week hosted an international conference on Somalia, pledging more aid, financial help and measures to tackle terrorism. The summit followed a surprise visit by the foreign secretary, William Hague, to Mogadishu, the Somali capital, where he talked about "the beginnings of an opportunity'' to rebuild the country.

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Oil is a lot of the world economy.. 90 million barrels a day now, * 115$ a barrel * 365 days a year = nearing 4 trillion USD.. which is nearing 10% of the global economy.

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when i saw cameron on tv about helping them the first thing that i thought was what is in it for the rich.

I just see Cameron (and all them) as the public front end now to corporations. No such thing as Labour and Tory any more. Just them and us.

Somali will get a government probably privately run, under a PFI contract. The warlords bought off with a slice of the oil/gas pie.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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