The EU Naval Force made headlines this week by blasting a pirate base on Somali shores and pirate ships out of Somali waters. The well-publicized and logical rationale for the navy’s aggressive new stance: Somali piracy costs the world economy an estimated US$7-billion a year. An unpublicized and equally logical reason for this action: On Somali land and under the waters now frequented by Somali pirates lies oil wealth that could rival Kuwait’s.
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