EIN News says, "In Colombia, Violent Protests Threaten an Oil Boom At first, Pacific Rubiales Energy had the magic touch in Colombia. Forty-two of its first 48 exploratory wells struck oil รข€” an almost unheard of success rate. The Toronto-based firm, whose Colombian operations are run by exiled Venezuelan oilmen, now pumps nearly one-quarter of the country's present crude production of 953,000 barrels per day, and it's the main driver behind a boom that may well see the country reach 1 million barrels per day by the end of the year. (time.com)".
Good news for the world oil supply. It's especially important, because it reduces the economic power of the Middle East.
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