Outside the Box

Ecuador:  Correa’s Play for Greater Influence in the Oil Sector

John Mauldin

April 22, 2010

Today I'm sending you a piece on Ecuador's recent move to change the terms of its contracts with oil investors to keep more of the returns in the state. As we watch the world's energy market, political details like this are essential to know. The article explores the geopolitical implications of the move and the how key investors are likely to react.

This is nothing short of the real world with real consequences on the amount the meter reads to fill up your gasoline tank, your investments abroad and the overall worth of those dollar bills in your wallet right now. You don't get this kind of information on your typical media news networks. The truth is, this event is one you may not have heard about - not only do you have to keep your ears to the ground, you've got to know where to look.

For all things under the radar and overly important, my source is STRATFOR. They provide in-depth intelligence for those that need to know. Read their article, and join their email list to get weekly reports and special discounts on memberships.

John Mauldin, Editor
Outside the Box

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Ecuador: Correa's Play for Greater Influence in the Oil Sector

By George Friedman

jmotb042210image001

RODRIGO BUENDIA/AFP/Getty Images
Ecuadorean President Rafael Correa (R) and Venezuelan counterpart Hugo Chavez
at a press conference in Quito, Equador, on March 26

Summary

Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from…

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