Might be of interest Article By ALEX PERRY
unlike some other oil-rich countries, African nations welcome foreign companies to their oil fields, as there are no indigenous African oil majors. In his 2007 book Untapped: The Scramble for Africa's Oil, John Ghazvinian, a visiting fellow at the University of Pennsylvania, explains the euphoria like this: "African oil is cheaper, safer and more accessible, and there seems to be more of it every day ... No one really knows just how much oil might be there, since no one's ever really bothered to check."
Full article:
http://www.time.com/time/magazine/article/0,9171,1626751,00.html
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