Decolonising oil and gas could create an era of prosperity for SA (Moneyweb)

South Africa can join the natural resources supercycle and create millions of jobs within a decade, but it needs the right regulatory and fiscal regimes. As oil prices head towards $100 a barrel (bbl), this will be reflected in higher prices for refined petroleum products such as petrol, diesel, liquid petroleum gas (LPG) and paraffin. We are once again at the mercy of global forces that set prices for our energy. We can change that future. Many African oil- and gas-producing jurisdictions have known commercially exploitable oil and gas reserves of the type that are simply produced and exported to markets where these commodities could fetch the highest price. Click here to read full article