Wednesday, October 29

Jeff Shellebarger, ChevronTexaco's general manager for Southern Africa says that they forecast that by 2010 just under 20 percent of the global consumption of oil will be supplied by Western and Southern Africa.

Southern Africa will benefit in a number of ways. Not withstanding the very possible discovery of large scale deep sea deposits of our western coast (The government extended our marine borders some time back for this very reason), we will benefit economically as we are the gateway to the rest of the Southern African economy's.

South Africa is also one of the few viable countries in which maintenance for the oil rigs can be performed, and they have become a common sight in Cape Town harbour.


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