Here's the latest news from the 'war torn nation' of Chad in Africa.
Weeks of fighting, the news says, might soon end.
France might intercede on behalf of the sitting government.
I have it on good authority that more than one major oil company has had to evacuate its employees because the Chadean government withdrew its military protection, citing an existential need to deploy those soldiers elsewhere.
Oil investment in Chad is hundreds of millions of dollars, minimum, probably more like billions.
And it's all at risk. Not to mention exploration and production can't continue if a rebel army is moving around the landscape killing anyone who has any connection with the sitting government.
Ironically, the rebels are really just tribal gangsters trying to get the seat of power so THEY can claim the revenues from the Chadean resources. same for all the African 'rebel forces', sometimes three or four different groups in the same civil war, all laying claim to legitimacy.
It's about money and power. They want the money that comes from the oil, and they'll do anything to get it.
But if Western oil companies just packed up and left, what would happen? Chad would be descended upon by Russians and Chinese, hustling to pick up the production available there, trying to strengthen themselves for the economic war against America, trying to marginalize us by preventing us from having access to oil.
It wouldn't surprise me to learn that these rebels are backed by some of those anti-American interests.
Amongst all these facts, knowing that ExxonMobil's pursuit of production is inseparable from strong American foreign policy, our liberals STILL complain that EM makes too much money, they're evil, they should be punished.
In reality, America's future is at least partly in the hands of companies like ExxonMobil, depending on their success to provide energy for our future, our military, our economic growth.
Tuesday, February 5, 2008
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