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Obama’s Visit White House Strategy To Capture Ghanaian Oil
17 July 2009
United States President Barack Obama's trip to Ghana on July 10th-11th, has been linked to a subtle White House oil strategy to secure another source of energy on the continent of Africa . Official sources say 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, while the U.S. National Intelligence Council is projecting that 25 per cent of U.S. oil imports will come from West Africa by 2015 compared to the current 15 per cent. A Ghanian oil magnate, Patrick Morris, Chief Executive Officer of Gold Star Resources Corporation yesterday in a press statement said "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," " 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 White House." Morris stated in a press release by 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 per cent of the hydrocarbon rights to the Tampoum mining concession, approximately 1,000 square km, in Cote d'Ivoire . Morris also pointed out that he's confident that President Obama "will work with the Ghana Government and people to help them realise their own potentials 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."
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