A couple of years ago, Kenyans were very optimistic: they had found oil in the Northern part of the country! Last year, it looked like the country could become an exporter of oil. Right now, Kenya is benefiting from being a net energy importer. Is oil a blessing or a curse for a country’s economy? […]
Oil scarcity in an oil-rich country
Look at the pictures below. In one you’ll see the line for a gas station: it’s about two or so miles long, and as it gets closer to the station the line doubles. In the other picture, people wait at the station to fill plastic containers. The average waiting time is 3 to 4 hours […]