‘Era of Cheap Oil is Over’

Hope of rescuing Africa from poverty may vanish like “snow in sunshine” if high oil prices continue, the 53-nation African Union (AU) said on Sunday.

Alpha Oumar Konare, chairperson of the AU Commission, told an African oil and gas conference the continent’s new dreams of development, inspired by a recent rise in aid, greater foreign investment and fewer wars, were at risk from $60 a barrel oil.
News24.com