This policy has now failed. US-Russia relations are in a downward spiral and the new Russian leader Vladimir Putin has made it clear he will not tolerate American expansion into former Soviet territory. So America and the developed capitalist countries are back to square one. Suppose flood ravaged Mozambique recovers sooner than expected. Recovery will come with a big leap forward in oil demand.
Oil is a highly important commodity.
So is water. That drought also afflicts Jordan and Israel. The Yarmuk river that flows into the Sea of Galilee is at its lowest level since 1908. And if the Golan Heights are returned to Syria many springs that flow into the Sea of Galilee will revert to Syrian control. Israel has been talking with Egypt to get a share of Nile River water but no agreement can be reached until an overall peace agreement is reached between Israel and its two northern neighbors, Syria and Lebanon.