First, the news:
“Ecuador’s army has stepped up efforts to quell protests which have crippled production in the oil-rich Amazonian region of the country.
The army says it has regained control of a number of installations, and the state oil firm says it is slowly resuming production.
Earlier, the defence minister resigned. His replacement has authorised the army to use force to end the unrest.
Protesters want some of Ecuador’s oil money to be invested in the region.
…They want more of the country’s oil wealth to be spent on infrastructure and new jobs. Ecuador is the fifth biggest oil producer in South America. ” (more…)
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This actions of these oil companies in Ecuador are very similar to what has been going on in oil-rich African nations for years by European and Chinese-based oil companies (strange that we only hear of the “evils” of US oil companies).
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