Wednesday, January 2, 2013

Africa's Energy Demands Are Starting To Skyrocket

Africa's Energy Consumption Growing Fastest In World -- Christian Science Monitor

Africa's energy demands are skyrocketing, but with 64 recent major discoveries of fuel deposits, it is in a good position to meet its needs.

As the sun sets over Africa each day, instead of flicking a light switch or heating up the oven, most people put a match to a kerosene lantern or a burning ember to a charcoal stove.

Africa, home to 15 percent of the world’s population, consumes just 3 percent of the world's energy output, and 587 million people, including close to three-quarters of those living in Sub-Saharan Africa, still have no access to electricity via national grids.

But the situation is changing, and swiftly. At 4.1 percent growth, Africa’s per capita energy consumption is growing faster than anywhere else, driven by improved infrastructure, inward investment, and efforts to tackle corruption.

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My Comment: These energy trends are going to guarantee a few things .... (1) global oil and energy prices will remain high, (2) global warming advocates will be alarmed, and (3) tensions and conflicts will start to develop between different African countries over energy supplies (i.e. South Sudan - Sudan oil deposits, Ethiopia wanting to dam the Nile river, Nigeria delta oil reserves, etc.).

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