Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts

Texaco's Devastating Search for Amazon Crude

http://www.albionmonitor.com/11-14-95/texacoamazon.html

by Chris Jochnick

Only recently have oil companies come under scrutiny as possible human rights violators


(AR) QUITO, Ecuador -- An Organization of American States delegation to Ecuador's eastern Amazon rainforest sent to investigate human rights violations has turned up widespread concern about two U.S. oil companies -- Texaco and Maxus.
Environmentalist and indigenous groups have protested unregulated development of oil resources, but it is only recently that oil companies have come under scrutiny as possible human rights violators.
The eastern "Oriente" of Ecuador is a 32-million acre natural reserve of tropical rainforest situated at the headwaters of the Amazon river network. The region contains one of the most diverse collections of plant and animal life in the world and includes many endangered species.
It is also home to 95,000 indigenous people in eight different ethnic groups as well as 250,000 recent immigrants, who have followed the oil roads east in search of land and work.

The demise of the dollar

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html?printService=print

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.