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Report Bolsters Support for Chevron in Ecuador
Bob McCarty Writes ^ | 1-26-10 | Bob McCarty

Posted on 01/26/2010 11:14:05 AM PST by BobMcCartyWrites

Some people wonder why I've shown so much interest -- almost 30 posts to date -- in the 16-year-old lawsuit Chevron Corporation has been battling in Ecuador. Aside from the fact that Chevron stands to lose as much as $27 billion if an Ecuadoran judge rules in favor of the plaintiff, part of my interest stems from the fact that a thick cloud of corruption surrounds Rafael Correa, a man who has been mentioned in a half-dozen posts (including the one you're reading). And so I bring more news about the president of the South American banana republic country that bolsters my support of the San Ramon, Calif.-based oil giant.


TOPICS: Business/Economy; Government; Miscellaneous; Politics
KEYWORDS: chevron; ecuador; energy; hugochavez; oil; rafaelcorrea
Rafael Correa

Some people wonder why I've shown so much interest -- almost 30 posts to date -- in the 16-year-old lawsuit Chevron Corporation has been battling in Ecuador. Aside from the fact that Chevron stands to lose as much as $27 billion if an Ecuadoran judge rules in favor of the plaintiff, part of my interest stems from the fact that a thick cloud of corruption surrounds Rafael Correa, a man who has been mentioned in a half-dozen posts (including the one you're reading). And so I bring more news about the president of the South American banana republic country that bolsters my support of the San Ramon, Calif.-based oil giant.

In Ecuador at Risk: Drugs, Thugs, Guerrillas and the Citizens Revolution, a 77-page report issued yesterday by the International Assessment and Strategy Center, Senior Fellows Douglas Farah and Glenn Simpson outline the problems evident in Ecuador. For instance, they highlight the pressing challenges facing the Correa administration:

Add the presence of Russian and Chinese organized crime groups, friendship with Iranian banking interests and chummy relationships with Venezuela's Hugo Chavez and Bolivia's Eve Morales, and you can see why Ecuador might best be described in less-than-flattering terms.

To learn more about it, I strongly recommend you read the report, Ecuador at Risk: Drugs, Thugs, Guerrillas and the Citizens Revolution, and share it.

1 posted on 01/26/2010 11:14:08 AM PST by BobMcCartyWrites
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To: BobMcCartyWrites

Correa is as corrupt as they come, and as socialist as they come. And unlike Morales and Chavez, in some ways charismatic. They could make a pretty good telenovela about the guy. I wonder if he is watching what is happening in Venezuela and beginning to have second thoughts. Probably not. Educador is another one of those places where the best and brightest leave as soon as they can get out.


2 posted on 01/26/2010 11:47:02 AM PST by La Lydia
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