Alec Hogg: “Permanently lower” oil price threatens Nigerian growth – and SA’s Shale Gale
In this morning’s Rational Perspective, Alec Hogg considers the impact of the lower crude price on economic growth in oil-export dependent Africa and South Africa’s promised Shale Gale in the Karoo, already under threat through heavy handed intervention by politicians and the alternative of cheap gas from neighbouring Mozambique. Overnight news from China, which has the biggest shale gas reserves on earth, add to the sombre mood.