Small news item, but potentially very important. San Tome is one of the few major, mostly untapped oil rich countries in the world. Potentially there is enough wealth in the oil around San Tome to cattapult the few citizens from their current dire poverty (<$250/year average earnings) into some of the richest people in the world. Billions of barrels of oil, about 150,000 citizens - do the math.
It is also a country which has been discussed as possible location for a US military base, it is off the coast of Africa, near to but not a part of Nigeria, and would be a possible logical base of operations for the US, as well as fairly important area likely to face increasing pressure from nearby countries (especially Nigeria).
7/16/2003 05:21:00 PM
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