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US Shale Gale Forces African Petro Nations to Find New Markets for Their Oil


Read about Canary’s participation in a recent US trade mission to Africa. Shale energy production in the US has ushered in a new era of economic growth and, some say, has put this nation on the path to energy self-sufficiency. But the same shale activity that acts as a domestic boon has not necessarily been…

Africa-Oil

Read about Canary’s participation in a recent US trade mission to Africa.

Shale energy production in the US has ushered in a new era of economic growth and, some say, has put this nation on the path to energy self-sufficiency.

But the same shale activity that acts as a domestic boon has not necessarily been beneficial for other nations, where our lessening dependence on their product is costing them much-needed oil revenue.  This dynamic is especially worrisome in countries where oil and gas sales are their primary source of income.  Nigeria and Angola – the No. 1 and No. 2 oil-producing nations in sub-Saharan Africa – have been especially hard hit.


Dan Eberhart Avatar