Oil and energy in Africa news

1. Oil and energy in Africa news For more information: Mail id- pav@panafricanvisions.com, Contact Number- 2404292177, https://www.panafricanvisions.com/, Address- 7614 Green Willow Court, Hyattsville, MD, USA. Over the past few decades, Africa has emerged as one of the key political leaders in the world. Despite a long history of under-performance, driven primarily by leadership and visioning problems, it remains a key global strategic energy partner. It has crude oil and thus the capacity to influence the dynamics of global commerce and industry. But when our oil and energy reserve gets exhausted, we will witness dramatic national transformations with enormous consequences. Oil and energy has been the driving force of Africa's economic wellbeing. Oil and energy in Africa news tells that oil and energy dominates our foreign earnings.

2. The progress we made in agriculture before the dawn of petroleum has been left behind. The challenge for Africa is not necessarily what happens now, but what happens when the oil wells dry up. In others words, what would be the position of Africa, politically and economically, when the country can no longer generate foreign exchange from the sale of oil. Our nation stays regularized in a political system of utmost stagnancy and snow slide partisanship. A system that breeds venoms with capability to spiflicate the heartbeat that sustains the nation moving forward. It has created a syndrome that continues to prevent the nation from utilizing the gains of oil sales to advance the citizens, the infrastructure and give Africa a needed clout in the global arena. The nation has failed in many areas because our leaders are entangled in managing government processes and political pandering instead of being servant leaders, by serving the interests of the masses. Under this scenario, a look into the country's future without oil will be challenging. At least, the nation will come to reality after many years of poor judgments and mismanagements which have caused deep pains on the citizens.

3. The first challenge will be cleaning the empty oil wells. It is unfortunate that the oil companies, who despite knowing the public health and the environmental impacts of gas flaring, continue to flare gas recklessly in Africa. We hope they will have the morality to clean those wells and restore them to pre-drilling ecological landscapes before they depart. South Africa could become like a hegemonic empire in Africa with extreme power. That nation continues to invest massively in education, giving Africa its best universities, and attracting the best African brains. From banking to technology, South Africa will be unrivalled and could rule Africa. As the economies and political power of other African nations such as Ghana, Libya and Egypt grow; the capacity of Nigeria to define and influence in the African Union will shrink despite enormous opportunities for new Africa leadership to position the continent competitively.

4. When South Africa takes the central role in Africa, there will be broad impacts across the west African states region. A post-petroleum era will produce massive complications and fundamental dislocations in the country's capacity to influence the region as South Africa becomes more prosperous owing to a highly diversifying economy. While the African union will be continuously morphed to remain strong, the country will be expected to go back to fundamentals to develop ways to function because central funding will diminish. Without crude and energy, assessing external (international) loan will be difficult and many states will be challenged to be accountable and innovative with their resources. They will establish structures and institutions to create wealth and inter-states competitions will emerge. This will be followed by effective tax and revenue collection techniques. From federal parliament to state assemblies, the political system will be revamped. The present system which is extremely expensive and supported by the largest of the crude oil will be replaced. Some states will become creative in representative system in order to save cost.

5. I see a scenario where some states will sponsor representatives on part-time with the number of positions reduced by half. Yes, new politics will evolve and the democratic system will be seriously tested. One cannot imagine what will happen to education in Africa if it cannot be funded properly with the enormous oil revenue. In the post-petroleum era, the present model of higher education in Africa will collapse and government will request schools to fund themselves with minimal central supports.  What can be done? The nation still has time to prepare for the post-petroleum era. It has to invest in education. This is important as education remains one of the best ways to sustain any economy. It is an organic engine for national political and economic succession, as well as a catalyst for national prosperity. So know more about Oil and Energy in Africa News at Panafricanvisions.com.