Understanding oil on the international stage!


The True Cost of Oil
. by Dr. Leslie Jermyn - Global Aware Member - May 2002

Oil is the burning issue of our time. Plan Colombia, Alaska nature reserves, Kyoto protocol, Arizona forest fires and invasions of Iraq are all best understood as pieces in the petroleum puzzle.......................Click here to read on!


Ecuadorian Oil, Debt and Poverty.
by Dr. Leslie Jermyn - Global Aware Member - August 2002

It may seem absurd that a country with oil is also debt-ridden and poorer now than before the first barrel was shipped, but that is the reality in Ecuador.    Read here!

Enron Pipeline Leaves Scar on South America
Lobbying, U.S. Loans Put Project on Damaging Path.

By James V. Grimaldi Washington Post Staff Writer Monday, May 6, 2002; Page A01
Staff researcher Lucy Shackelford contributed to this report.

"Now Enron is down even the Washington post is prepared to kick them. And now the truth comes out about the Bolivian pipeline. Perhaps one day the Washington Post will write something as damning on the OCP pipeline in Ecuador - Once the damage is done, of course!" GA Comment

Read the revealing Washington Post article: HERE

Nigeria: Oil firm angry at Nigerian protest by Dan Isaacs, BBC. Read here
Nigeria's economy dominated by oil by BBC New Online's Briony Hale Read here

The parallels between Nigeria and Ecuador are difficult to miss. The statistics in the articles speak for themselves. The question is "Why does foreign debt increase with every barrel of exported oil. Is that despite or because of World Bank/IMF advice?"
GA Comment

 

 
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