The Race Is On To Grab World’s Last Oil Hotspots

July 7, 2006By Andy RowellBlog Post

The Guardian reports today that “money [is] no object as the big players grab what is left of a diminishing resource”, quoting the recent decision by Sinopec of China to pay $1bn for the right to explore for oil in deep water off Angola. This has “shocked” the west, “which fears it could be left … Read More