Valero Energy Corporation (VLO): Nigeria, An Unintended Casualty of the U.S. Shale Revolution

Final thoughts
Though the U.S. shale boom has clearly hurt Nigeria’s economy, the resource-rich West African nation’s woes are also the result of oil theft, vandalism, and some deeper, more entrenched issues.

Despite its sizable endowments of oil and gas, much of Nigeria’s population remains mired in poverty — a stark reminder of the so-called “resource curse” that afflicts many resource-rich nations, especially in Africa.

Let’s hope the parties involved can avoid this curse and reach a solution that won’t disproportionately enrich oil companies and a select few government officials at the expense of Nigeria’s citizens.

The article Nigeria: An Unintended Casualty of the U.S. Shale Revolution originally appeared on Fool.com.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Total.

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