‘São Tomé and the Curse of Oil’

“At a meeting with African heads of state in the autumn of 2002, President George W Bush pounced when he suddenly heard President Fradique de Menezes announce that São Tomé “is strategically situated on the most important petroleum area in the world”. For Bush, São Tomé seemed a good way to decouple American oil demand from troublesome Middle Eastern politics. A few weeks after the meeting, the New Yorker heralded São Tomé as “Our New Best Friend”.”

read it here:

http://www.isn.ethz.ch/isn/Current-Affairs/ISN-Insights/Detail?lng=en&ots627=fce62fe0-528d-4884-9cdf-283c282cf0b2&id=127367&contextid734=127367&contextid735=127364&tabid=127364

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