Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.
Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.
Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).
Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.
This text presents a comprehensive analysis of the oil and gas resources in Africa. It uniquely highlights, through country examples, and with an African focus but a global perspective, the specific challenges and constraints facing the continent as a whole in the exploitation and utilization of its oil and gas resources.
The chapters in this volume represent the latest thinking on the development and exploration of unconventional energy resources in the U.S., Canada, Australia, Europe, Russia, Asia Pacific, Middle East, Latin America, and Africa and shed light on its potential and future prospects in these respective regions. The diversity of thinking about the “shale revolution” is also evident in our case studies. Throughout many countries in Europe for example, there is a strong preference for investment in renewable sources of energy over the fossil fuels. In addition to environmental concerns, the falling price of renewables, have also made them more attractive financially. Consequently, global investment in renewables is outpacing that of fossil fuel two to one. Watching this trend, in 2017, the Chinese government has pledged to invest $360 billion on renewable energy. This would make China the largest investor in development of renewables in the world. Other obstacles to development of shale oil and gas in other parts of the world include, lack of adequate shale resources (Africa), the abundance of conventional energy resources (Middle East and North Africa), high cost of production (Russia, China, Japan) and political opposition to hydraulic fracturing (France and Poland). Despite these sentiments the economic imperatives (providing employment) also play a significant role in determining the future prospects for unconventional energy resources globally.
Two key long-term energy trends are shifting the strategic balance between the United States and China, the world's superpower rivals in the 21st century: first, a domestic boom in U.S. shale oil and gas is dramatically boosting America's energy security; second, the frenetic and successful search for hydrocarbons in Africa is making it an increasingly crucial element in China's energy diversification strategy. America's increasing energy security and China's increased dependence on energy imports from Africa and the Middle East until well past 2040 despite its own shale discoveries will make Beijing's own increasing energy insecurity be felt even more acutely, pushing the People's Liberation Army to accelerate adoption of a "two ocean" military strategy that includes an enduring presence in the Indian Ocean as well as the Pacific Ocean.
This book offers a new look at the oil industry in West Africa, proposing to examine the entire region that has been viewed through the lens of Nigeria, Ghana and Gabon. The author argues that, in order to address peace and stability in the region, it is important to understand the transformative powers of petroleum revenue. The project also includes the author’s analysis of the problem on multiple levels: international oil companies, states, and local communities. Also, it takes a deeper look at the effects and importance of local communities in the above countries and discusses adequately the strategic challenges that petro-capitalism poses for West Africa’s regional stability and human security.
Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.
