Short Takes: News From All Over
March 15, 2007
March 2007
Staff Utne.com
CambodiaWelcomes its Oil Wealth, But Will it Do More Harm than Good?
By Ian MacKinnon, the Guardian
A 'black gold' rush has begun in Cambodia, where Chevron has discovered what could amount to an estimated 400-500 million barrels of oil off the country's coast. Diplomats worry, however, that this newfound oil wealth could push the corruption-plagued government into what the Guardian calls 'a full-blown kleptocracy.' Chinese oil firms, for example, already have begun vying for a stake in the oil by giving $600 million in 'no strings' gifts to the country last year. -- Natalie Hudson
http://www.guardian.co.uk/oil/story/0,,2026497,00.html
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