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WATCHING THE WORLD: A victory for Colombia
07/14/2008
Colombia’s oil and gas industry doubtlessly got a shot in the arm last week when the Colombian military completed a daring raid to release some 15 hostages held by rebels of the Fuerzas Armadas Revolucionarias de Colombia (FARC).FARC rebels have flexed their muscles a lot lately. Indeed, Colombia’s 780-km Cano Limon-Covenas oil pipeline was shut down late last month after FARC guerrillas dynamited it and stopped the transport of some 100,000 b/d of oil.But one wonders if such an attack was a sign of strength or one of weakness—like the death throes of a wild beast. Just a few months ago, Colombian authorities struck hard at FARC when they conducted a surprise raid into ne...
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