Monday, July 30, 2007 2:13:47 PM
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,
The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM