Word: gabon
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...National Intelligence Council, a U.S.-government think tank, predicts that the Gulf of Guinea will supply 20-25% of total U.S. imports by 2020, but Americans are not alone in their mounting dependence upon West Africa. Angola is now China's top oil supplier. Gabon is a key supplier of France. Oilmen from countries as diverse as Russia, Japan and India are showing up in places like Equatorial Guinea, Cameroon, Chad - even perennial war zones like the Democratic Republic of Congo. With all that interest, Paul Lubeck, Michael Watts and Ronnie Lipshutz of the Center for International Policy...
...answer that question, consider the experience of three countries: Angola, Nigeria and Gabon. The oil industries in each are at markedly different stages. Angola's is in its first explosive flush of production, with gdp expected to grow 27% this year. Nigeria is in its prime, ranking as the world's 12th largest producer in 2006. Gabon's wells are slowly drying up. Together, these three nations trace an evolving arc of oil's effect on Africa and the world, of both its promise and its perils...
What's next for Angola? As in other parts of Africa, oil will no doubt continue to dominate the economy. It currently accounts for around 90% of all exports, compared with 77% in Gabon and 95% in Nigeria. The second stage of the oil curse kicks in at this point. Investment in other industries gets crowded out, in part because it's hard for them to provide high enough returns to meet the costs of rising rents and salaries. Oil becomes virtually the only game in town, and the benefit to workers is surprisingly limited, with many of the more...
...Gabon: The Thrill Has Gone So what happens when the wells start to run dry? Look at Gabon...
...plates, dresses, jewelry, liqueurs, TVs, dvds, fridges, children's toys and mobile phones," says André Boussougou, 40. His specialty is aluminum, which he sorts and sells to a pot manufacturer, and leather, which he hawks to a dealer who exports to Europe. "It's really two worlds in Gabon," says Ernst & Young's Watremez. "Rich, poor. There's nothing in the middle...