I'm not sure I understand where the flip flop is...
Ecuador doesn't get much in taxes under the current laws....
and gets screwed under current oil taxation laws
so Correa is pushing the assembly to accept the new drafted laws
I don't see how that would be bad for investors unless one is short sighted
ie it's better for us to screw the common ecuadorian as long as we can
that way we can take advantage of them, before they catch on?
I'm not sure I agree with that
something fair for mining companies AND the common ecuadorian would be best in the long run
maybe I missed something here
safeharbour