16 July, 2009 — BlackCommentator.com
President Barrack Obama makes his historic visit to Africa. Born of a Kenyan economist father, Obama will go not to his ancestral lands but to Ghana, Africa’s newest oil State.
Oil was discovered in Ghana just in 2007. A wide swath of the Atlantic‘s Western shores, the area stretching from Morocco to Angola is becoming Africa’s “Oil Gulf”. Oil-producing countries in Africa, including those in the oil-rich Gulf of Guinea, now provide 24% of U.S. oil imports. Africa has outstripped the Middle East as an oil supplier to America. Increasingly, Africa’s oil is being produced offshore.
Off Ghana’s deep Atlantic shores, the Texas-based, Kosmos Energy already controls the Jubilee Fields, one of the largest oil
finds in West Africa in the past decade, which is predicted to hold 1.2 billion barrels of oil. In May, 2009 Kosmos began to draw bids for shares of its stake in the oil-rich fields. Global energy players – Chevron Corp, Exxon Mobil, Royal Dutch Shell, China National Offshore Oil Company, and British Petroleum – all with a focused eye on Africa, and a bloodied record on the continent are beginning to circle like vultures. After all, the deadline for Kosmos Energy Bids has been set for July 17, a week after Obama’s visit to Ghana.