ERHC Energy Inc (ERHE)

[Manti]

umbra: "It is clear that "the West" supports his re-election - not, however, without reciprocity."

If that is clear, I haven't seen it anywhere. The article that prompted that conclusion by some doesn't even address the 3rd term issue. It was simply a pat on the back, probably to try and smooth over some of the hard feelings being generated by the U.S. opposition to O's third term....

As far as China, the US, and Nigeria go, I think the only safe assumption is that China and the US will not be on the same side, unless the definition of "side" is going for the oil. Most likely they're both backing both sides of the 3rd term issue to some extent so they can call in the favors after elections. We do the same thing in the US. The really big players don't pick just one side to win and put all their eggs in the same basket. They usually buy support in both camps so they can't lose... although they may favor one over the other.

Specifically, if I had to guess in Nigeria, I'd say the Chinese are playing it both ways by investing in the infrastructure. This way they are neutral on which party is in power. A smart move, and the winner will still owe them. The US tends to try and put the people friendly to them in power. It may not work for them in Nigeria. It's getting harder and harder worldwide for the US to dictate policy as China and others provide an alternative choice. This did not exist several years ago, so the US didn't have to be really smart or competitve to gain advantage. The playing field is being leveled.

ERHE has positioned themselves with the full carries to profit from any deveopment. All they need is oil. Everything else can only get better from here. This is really all I need to know about the situation, as long as the JDZ is in no danger of not surviving as an entity. Have a good evening.