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The United States now imports more of its oil from Africa than it does from Saudi Arabia. How is oil and the money it brings to the continent’s treasuries transforming Africa? For his new book, Untapped: The Scramble for Africa’s Oil, John Ghazvinian traveled from the parched dust bowls of Chad and Sudan to the swamps and jungles of Nigeria and the Congo, and from the corridors of Washington to the gleaming offices of “Big Oil.” Does oil-producing Africa live up to the hype? Why is it impossible to buy bananas in Gabon, when they grow in profusion in the nation’s virgin rainforest? Can an underdeveloped country like São Tomé and Príncipe learn from other nations’ mistakes and avoid the “curse of oil”? What effect does the establishment of an oil-company compound in the middle of Chad have on the neighboring land and people? This week, we are publishing four excerpts from Untapped that answer these questions.

Although Africa has long been known to be rich in oil, extracting it hadn’t seemed worth the effort and risk until recently. But with the price of Middle Eastern crude skyrocketing, and advancing technology making reserves easier to tap, the region has become the scene of a competition between major powers that recalls the 19th-century scramble for colonization. Already, the United States imports more of its oil from Africa than from Saudi Arabia, and China, too, looks to the continent for its energy security.

Does Africa measure up to the hype? After all, the entire continent is believed to contain, at best, 10 percent of the world’s proven oil reserves, making it a minnow swimming in an ocean of seasoned sharks. Africa is unlikely ever to “replace” the Middle East or any other major oil-producing region. So why the song and dance? Why all the goose bumps? Why do so many influential people in Washington let themselves get so carried away when they talk about African oil?


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There's no business that's not show business, marketing in an experience culture

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