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By David A. Clarke Jr.
Blame Washington's intelligence failure, not lack of police
Topic - Ghana National Petroleum Corp.
A U.S.-based oil exploration firm has announced it has settled a dispute with Ghana's government over the discovery of an offshore oil field.
The Exxon Mobil Corp. said Wednesday it has pulled out of an agreement to purchase a Texas firm's multibillion-dollar share of the oil-rich Jubilee Field off the Ghana coast - a development that follows months of resistance from the government of the West African nation.
An ongoing dispute between the government of Ghana and representatives of Kosmos Energy over control of the oil-rich Jubilee field shows signs of coming to a head.
Can Africa's latest rising star - which won the blessing of both the Obama and Bush administrations - avoid the corruption, cronyism and bad governance that has entrapped its neighbors?