@article{1355618,
      recid = {1355618},
      author = {Jene, Lluis. and Miro, Enric.},
      title = {Equatorial Guinea drowning in oil? / [electronic resource]  :},
      publisher = {Filmakers Library,},
      address = {New York :},
      pages = {1 online resource (32 min.).},
      year = {2004},
      note = {Title from resource description page (viewed May 24,  2011).},
      abstract = {In 1995 U.S. oil companies arrived in Equitorial Guinea in  West Africa and found petroleum. Guinea has now become the  third biggest oil producing nation in sub-Saharan Africa,  with production at 300,000 barrels a day. Because of its  location, away from the Arabian peninsula, Guinea is  important to the U.S. since it helps the U.S. in its goal  to diversify its sources of oil. Throughout its Spanish  colonial past and until the discovery of oil, the raising  of cocoa crops was the only economic activity. Sarah Wykes,  Global Witness NGO says that " ... although the country  will have about $700 million in oil revenues per year there  has been no improvement in the development of the country.  It isn't benefiting the people of Guinea." Where is the  money going? John Bennett, the ex-US Ambassador to  Equatorial Guinea says that President Obiang, considered a  dictator by many, is stealing much of the oil money  (estimated at $1.5 to 2 billion over the past nine years)  and depositing it offshore. Besides financial corruption,  the government suppresses and even imprisons the leaders of  the political opposition. The human rights violations and  the lack of democracy are tolerated by the governments of  the West in order to support U.S. oil interests.},
      url = {http://library.usi.edu/record/1355618},
}