Obama’s Ghana Trip Linked To New U.S. Oil Strategy on African Continent, says Gold Star Resources CEO
Posted by on July 10, 2009 at 11:55 am in Business, Other Top Stories
U.S. Oil Imports From West Africa Will Hit 25% by 2015
"U.S. President Barack Obama’s trip to Ghana on July 10th-11th is a subtle White House oil strategy to secure another source of energy on the continent of Africa," says Patrick Morris, Chief Executive Officer of Gold Star Resources Corp. Gold Star Resources is a Vancouver-based company seeking high-impact ‘onshore’ oil and gas opportunities in Liberia, Cote d’Ivoire and Ghana in West Africa. The company recently announced its acquisition of International Resources Strategies Liberia Energy Inc. (IRSLE). Gold Star also announced that it signed a Letter-of-Intent with Bengal Bight Ghana to acquire 100% of the hydrocarbon rights to the Tampoum mining concession, approximately 1,000 square km, in Cote d’Ivoire.
According to Morris, "The U.S. Department of Energy has already confirmed that the United States will be importing over 770 million barrels of African oil annually by the year 2020. The U.S. National Intelligence Council is projecting that 25 percent of U.S. oil imports will come from West Africa by 2015 compared to 15% today. My own professional experience tells me that the political stability of Ghana’s government, a credible democratic political party system, and a positive investment environment all favor closer ties to Ghanaians by the Obama White House."
Morris also pointed out that he’s confident that President Obama "will work with the Ghana Government and people to help them realize their own potential through job creation in the energy resource sector. I believe that Africa has seen but a glimpse of its potential in oil and gas discoveries in West Africa. The new U.S. President has obviously taken notice of this fact."
"Obama’s Ghana trip is a smart game plan to strengthen U.S. ties with its West African allies and create new alliances that would ultimately secure U.S. energy interests on the African continent," concluded Morris.
SOURCE Gold Star Resources Corp.
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Are we doing the dirty work for the USA while they clean up their dirty oil mess at home? Have we become the new guinee pig of USA? We should be careful about dealing with a country that helped our decline when they helped in dethroning our first president Kwame Nkrumah.”A word to the wise is enough.”
on July 10th, 2009 at 5:13 pmWhy so cynical? Obama is going to Ghana because he sees a nation committed to democracy. “Countries that are governed well, have a track record of producing results for the people†he said. That is an encouragement to Ghana, her president, her government and the true secret behind the nations success – divine intervention. After accurately prophesying the rise and mode of ascension Atta Mills would take, T.B. Joshua, the phenomenon from Nigeria continues his friendship and spiritual advisory in the life of Atta Mills for the benefit of the nation. It cannot be overlooked – the significance of this relationship and the rewards Ghana is reaping.
on July 10th, 2009 at 8:26 pm[...] trip to Ghana is part of America's new oil strategy on the African continent: Are we doing the dirty work for the USA while they clean up their dirty oil mess at home? Have we [...]
on July 12th, 2009 at 4:21 pm