East African oil safe from price drop - policies are the problem

[Olekoima]

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In Summary

    EAC states risk deterring newcomers by policy initiatives such as moves to impose a potentially hefty capital gains tax in Kenya or tougher terms on production sharing deals in Tanzania, where the prize is gas.
    The dilemma for governments facing public pressure to deliver swift results is to also keep terms sweet enough to draw in new explorers.
    Exports depend on building a 1,200-km pipeline worth $4.5 billion to connect Ugandan and Kenyan fields to the coast.

http://www.theeastafrican.co.ke/business/East-African-oil-safe-from-price-drop---policies-are-the-problem/-/2560/2511818/-/3oi2vbz/-/index.html

[Georgesoros]

If the market is saturated, nobody is going to put money into exploration. They are talking about slowing down on fracking because its too expensive.