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Monday, 07/30/2007 2:13:47 PM

Monday, July 30, 2007 2:13:47 PM

Post# of 45174

HOW TO KEEP OIL PRICE UP
Ecuador Asking for $350 Million Not To Drill Oil
The President of Ecuador has come up with an unusual solution to preserve the environment.

He wants wealthy nations to pay Ecuador $350 million a year to leave an estimated 1 billion barrels of oil underground in the Yasuni rainforest.

Under pressure to preserve the environment while at the same time easing the poverty of his people, Ecuadorean President Rafael Correa has come up with this unusual solution. He says, "oil has brought us more bad than good, and we need to do something about it."

The proposal has environmentalists around the globe celebrating this first of its kind idea, but critics say the country relies on oil for half of its export revenues,








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