Ecuadorean threat to oil giants

Ecuadorean threat to oil giants

news.bbc.co.uk

The Ecuadorian government has threatened to take over foreign oil concessions if the companies resist growing state control of the industry.
President Rafael Correa said every day millions of dollars were going to oil companies that should go to the state.

(visit the link for the full news article)

Well well well , could Ecuador be the new boogie man in the works ?? If they dare try to mess with big oil then they just might be the new bad guy on the block . Lets remember Iran had a democracy up until there government tried to mess around with big oil , and look what happened to them .

This will be one to keep an eye on

news.bbc.co.uk
(visit the link for the full news article)

Ecuador is Latin America's fifth-biggest oil producer but World Bank estimates show that some 56% of the country's 13.4 million people live in poverty.

That figure rises to more than 80% for indigenous Ecuadoreans, who are mainly small farmers in mountainous highlands.

Surely this is a crime for oil companies to have millions in profits with poverty levels this high. The govt. should impose an oil tax immediately to help feed the poor.

This has happened before and it's how leaders are killed. Watch this space.

Look up "confessions of an economic hitman"



[edit on 17-4-2010 by grantbeed]

reply to post by grantbeed


Read it and agree

Don't mess with big money corporations and world banks or you will wind up dead .

Did you know that the only 2 countries who did not agree to be part of OPEC were IRAN and IRAQ ?

Chavez in Argentina has been on the list of countries the U.S. wants an excuse to invade for some time. Seems like Ecuador may be added to that list.


"Control oil and you control nations; control food and you control people" Henry Kissinger 1970

Originally posted by Max_TO
Don't mess with big money corporations and world banks or you will wind up dead .

isn't this the same thing that US Patriots
are trying to get away from also??

Kill ALL the populations and you won't have
a market for oil anymore.

Originally posted by zzombie

Chavez in Argentina has been on the list of countries the U.S. wants an excuse to invade for some time. Seems like Ecuador may be added to that list.

Just thought I'd point out that Chavez is the President of Venezuela, not Argentina.

Originally posted by zzombie
Chavez in Argentina has been on the list of countries the U.S. wants an excuse to invade for some time. Seems like Ecuador may be added to that list.

-------------------------------------------------------
The U S has (had) a military presence in Ecuador since 1999 and up until 2009 when the 10 year shared base contract ended; not renewed by Correa; he indicated that he would renew the base contract if the U S would allow them to place a base in Miami.

Source: en.wikipedia.org...

Conflicts with the oil companies (Chevron-Texaco) has been going on for many years.

Source: www.forbes.com...




[edit on 18-4-2010 by manta78]

Originally posted by john124
Surely this is a crime for oil companies to have millions in profits with poverty levels this high. The govt. should impose an oil tax immediately to help feed the poor.

Their puppet government has realized how small and petty scum they really are, small time lowlife crooks compared to oil giants. They "threaten" oil companies in pathetic attempt to squeeze some more petty change from them to buy up more US-trained military and police. Hopefully their people won't take the punishment for this behaviour yet again.

reply to post by SassyCat


What a load of bollock you talk..Ecuador has nothing to do with the US other than the accept the dollar.
Correas starting to improve the country after a long line of corrupt presidents, improving health and sanitary situations.

The multinationals now have their dfays counted in Latin America as now they they have nothing but money to offer.
When they entered South America many years ago, they offered work, money and aid to improve social conditions, now that they done all that they got nothing left to bargin with. Its time to let the country have whats theirs.

What an ignorant, ill informed person you really are..

reply to post by grantbeed


Yeah like when JFK was going to get rid of the oil depletion allowance in the U.S.

video.google.com...#

The democratic president of Ecuador was already assassinated by the CIA as John Perkins details.

naturalresonancerevolution.blogspot.com...

Chevron just caught "cooking the books" in the lawsuit against them for the largest environmental disaster in the Western Hemisphere -- Ecuadorian Amazon oil pollution.

[edit on 19-4-2010 by drew hempel]

[edit on 19-4-2010 by drew hempel]

[edit on 19-4-2010 by drew hempel]

I support them in their moves.

I'm not some crazy commie type in general, I support companies mostly, but once they abuse their positions like oil companies and medical companies to name a couple, and the service/product they supply is extremely important to the people, I think we sometimes need to take radical steps.

The people are more important than the corporations, always. If a corporation acts like this is not true, they deserve to be smashed.

All countries should nationalise their resources.

In Australia for example, we make billions on royalties from mining companies - who then in turn make 10's of billions more... Its not right.

Chavez has been setting a good example to what can be accomplished.

18 Gains of the Venezuelan Revolution

1. Written a new constitution. Fifty percent of it was written directly by the population. It was put to a referendum and it won the support of 70% of voters. This constitution extended the democratic, social and human rights of the population far beyond the boundaries of a simple parliamentary democracy. The constitution calls for participatory democratic bodies of people to organise and implement new initiatives, such as the ones mentioned here.
   
2. Eradicated illiteracy according to United Nations standards.
   
3. Lowered the infant mortality rate.
   
4. Created 3000 new Bolivarian schools.
   
5. Brought in more than 1.5 million people into the education system free of charge.
   
6. Established a free university system aimed at the poor majority traditionally excluded from tertiary education (the poor receive free textbooks, free transport to university, free meals at university). Students and staff also work together democratically to create the curriculum.
   
7. Built more houses for the poor in two years than in the previous 20 years under the old governments.
   
8. Created access to fresh, clean and safe water for millions of people for the first time in their lives.
   
9. Re-distributed millions of hectares of unused, idle yet arable (agriculturally usable) land to landless poor people.
   
10. Renamed Columbus Day (Christopher Columbus the ‘explorer’) Invasion Day and are rebuilding the nations’ knowledge of real indigenous history and indigenous resistance.
    
11. Opened popular food markets which buy food from food cooperatives, it then gets sold in the popular food markets at 30% below the price of food in the big supermarket chain stores.
    
12. Opened 1000 free kitchens have been opened to provide free meals for people without homes.
    
13. Constructed a massive free healthcare system which now provides free healthcare for the first time in history to poor workers and unemployed people.
    
14. Struggled for and won back control of the gigantic oil industry (off corrupt executives and top management) which is now managed jointly by the government and the oil workers.
    
15. Increased taxes on corporations, and forced them to actually pay their taxes (McDonalds and Coca Cola were shutdown for three days as punishment for avoiding payment of their full tax bill).
    
16. Increased the minimum wage by 30% in 2004 (this was not the first increase since 1998). Government revenue from corporate taxes and oil sales have been used for many social programs and minimum wage increases.
    
17. Banned employers sacking workers (which was declared by the government in early 2003). This has been extended and continues, allowing the rapid growth of a strongly rank-and-file-active democratic trade union movement that is washing away the pro-boss unions.
    
18. Recognition of domestic work, extending permanent social security payments to people who do domestic labour (mainly women), none of this payment is taken away if their companion is in work.
    

So we'll see what happens...

Originally posted by zzombie
Did you know that the only 2 countries who did not agree to be part of OPEC were IRAN and IRAQ ?

Chavez in Argentina has been on the list of countries the U.S. wants an excuse to invade for some time. Seems like Ecuador may be added to that list.


"Control oil and you control nations; control food and you control people" Henry Kissinger 1970

What about Canada and Mexico which are the U.S.'s BIGGEST oil suppliers....oh, yeah that doesn't fit everyone's opinion that oil companies are evil. I'll shut up now, wouldn't want to ruin this circle jerk.

[edit on 19-4-2010 by yellowcard]