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Africa: With Smart Investments, African Oil Could Fill Half the Supply That Usually Goes Through the Strait of Hormuz

Africa: With Smart Investments, African Oil Could Fill Half the Supply That Usually Goes Through the Strait of Hormuz

Washington, DC — As we’re all being painfully reminded, cutting off for any length of time the fifth of the world’s oil supply that passes through the Strait of Hormuz has an extraordinarily negative impact on commerce and lives here and everywhere.

But what if we could get even half of that oil another way?

Nearly ten percent of the world’s oil is in Africa, one of the most promising – and underutilized – alternatives to Hormuz dominance. Plus, with significant reserves, Atlantic-facing…

Read more on AllAfrica.com

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