Energy: Black Gold

The U.S. is becoming less reliant on Middle Eastern oil, thanks to West Africa

The sleepy tropical island city of Malabo had hardly changed in years. The capital of Equatorial Guinea, a tiny West African nation of fewer than 500,000 people, consisted of little more than some moldering Spanish colonial buildings, a few palm-lined plazas and the tightly packed shantytowns that en circle most African settlements. Its one claim to fame was that Frederick Forsyth lived there while he wrote his military thriller The Dogs of War. But in recent years, Malabo has been transformed. Office buildings have shot up, hotels and banks have opened, and foreigners, once a novelty, now cram the town's fancy...

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