by Peter Zeihan on October 17, 2024

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President Biden is making a trip out to Africa (since recording, this trip has been postponed due to national weather issues). No, he’s not going on safari; he’s looking to shake some babies and kiss some hands over in Angola.

During the Cold War, Angola buddied up with the Soviets. Despite the conflict of interest, American oil companies still helped Angola make oil for Europe. Play that forward to the present, and Angola is producing around 2 million barrels of crude per day. And while that’s something, the US has its oil needs covered, but the Angolans still have something the Americans need.

Angola provides a gateway to the mines in Africa rich with minerals and natural resources, and the US would love to get a key to that “gate”. So, the US is investing in things like railway infrastructure, in order to help these resources funnel directly to the US or Europe.

The US isn’t the only interested party though. Angola is encouraging foreign investment and benefiting from the competition. Biden’s visit highlights how committed the US is in developing these ties with Angola and securing a supply chain for these resources.

Please click below to watch today’s video

YouTube Video Link: https://youtu.be/a0KsAX3L1rk

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