RE: Weaponisation of Ebola by Muslim terrorists
October 28, 2014 at 6:47 am
(This post was last modified: October 28, 2014 at 7:14 am by Fidel_Castronaut.)
I already presented the figures of annual UK spend on aid as equating to 0.7% of its total budget. I don't think it's possible to say what & of that then goes into 'Africa' (defined?) but needless to say it's far from 100%.
Admittedly it's not easy to find individual revenue generated as a result of specific instances of involvement of a company in African markets, but consider the use of oil, for example. You think oil generated from oil fields in even one country (say, I don't know, Congo) is less than 0.7% of the UK's aid budget?
In fact, let's look at the DRC.
http://www.globalhumanitarianassistance....c-of-congo
There you have some basic figures of aid input into DRC. GNI was 15% generated from aid.
Now consider, say, one oil company operating there - Perenco (anglo french). average of 40,000 BOPD (http://www.perenco.com/operations/africa/congo.html ) as of December 2013
Brent Crude lists December 2013 gross oil ($/BOPD) = $110.76 (http://www.eia.gov/dnav/pet/hist/LeafHan...=RBRTE&f=M)
110.76 * $4,430,400 A day = $132,912,000 a month gross (*30). I can't be bothered to factor in a variance so naturally that figure will fluctuate month by month.
Just one company operating out of one state that gets 15% GNI from aid probably makes nearly that in one year. Multiply that out for the total number of oil companies operating out of Congo (I don't know how many there are,probably quite a few).
Do me the courtesy of not evading.
Admittedly it's not easy to find individual revenue generated as a result of specific instances of involvement of a company in African markets, but consider the use of oil, for example. You think oil generated from oil fields in even one country (say, I don't know, Congo) is less than 0.7% of the UK's aid budget?
In fact, let's look at the DRC.
http://www.globalhumanitarianassistance....c-of-congo
There you have some basic figures of aid input into DRC. GNI was 15% generated from aid.
Now consider, say, one oil company operating there - Perenco (anglo french). average of 40,000 BOPD (http://www.perenco.com/operations/africa/congo.html ) as of December 2013
Brent Crude lists December 2013 gross oil ($/BOPD) = $110.76 (http://www.eia.gov/dnav/pet/hist/LeafHan...=RBRTE&f=M)
110.76 * $4,430,400 A day = $132,912,000 a month gross (*30). I can't be bothered to factor in a variance so naturally that figure will fluctuate month by month.
Just one company operating out of one state that gets 15% GNI from aid probably makes nearly that in one year. Multiply that out for the total number of oil companies operating out of Congo (I don't know how many there are,probably quite a few).
(October 15, 2014 at 4:39 pm)ForumMember77 Wrote: The opposite is true, to the point were even the people living there can't tell the difference between their own economy and aid. If Africa ever stopped being in some need of aid entitlement, it would collapse economically.
Do me the courtesy of not evading.