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To drill or not to drill? That seems to be the question that Ecuador's President Rafael Correa is asking himself. Or better yet, that is the question that Correa is asking the international community about the possibility of opening up the Yasuni National Park for oil exploration.I ran across this interesting situation on The Motley Fool. Should the Yasuni National Park be kept free from drilling? There is definitely an interesting scenario taking place down south in Ecuador as the country tries to determine the future of the park.
The park is home to one of the world's greatest biological treasures as well as an estimated oil reserves of up to 1 billion barrels. The country is fairly dependent on oil exports and the reserves that are located in the park represent around 25% of the country's total discovered reserves. So the question becomes, which is more important to Ecuador? Keeping the park and its biological treasures intact, or tapping into the lucrative reserves that the area has to offer?
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