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Oil in Zambia

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posted on Oct, 23 2006 @ 07:21 AM
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News.BBC.co.uk

Zambia has announced its first discoveries of oil and gas reserves.

President Levy Mwanawasa said that samples from 12 sites have proved positive in tests conducted in Germany.

Please visit the link provided for the complete story.


Will this have a big effect on the trade markets? They don't say how much is actually there, but to get 12 positive tests can't be all that bad.




posted on Oct, 23 2006 @ 08:35 AM
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its a bogus oil find, its the gov't trying to make the american people feel better that the oil prices may fall . when in actuallity this february, the prices of oil will start to skyrocket. I wonder how the bush bill is doing? the draft, he will find some way to enact it, watch for it after this politics stuff goes away. U-will-see. its getting closer to the 1st dommino starts to fall.



posted on Oct, 29 2006 @ 04:40 AM
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Natural resources in Africa are either untaped because of civil wars or the infostructure dosnt exist in the location of the Natural resources in this case oil. If natural resources are taped into it tends to be by overseas firms. This means that bewteen the wide spread corruption and the fact that the profits that private firms make go overseas the locals get done over.

Its no wonder that Africa is the next Middle East.
The best course of action would be to reduce the wests reliance on oil.



posted on Oct, 30 2006 @ 03:50 AM
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Africa needs hug investitions!!!



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