Colombia chased and strayed into Ecuador's border to kill FARC rebels. Ecuador, so shocked with that intrusion, decided to cut off all diplomatic ties with Colombia.
Venezuela in supporting Ecuador joined in the fray by strengthening its armed forces fronting the Venezuela-Colombia border.
Even though the Revolutionary Armed Forces of Colombia–People's Army (in Spanish Fuerzas Armadas Revolucionarias de Colombia–Ejército del Pueblo) or FARC rebels, in short, may be real but all this hoo haas were just a cover up. By stirring up this whole confrontations amongst this three countries who so happened to be oil producers were actually good news. Good news for this three countries actually as their national income would continue to rise.
Looking at the map on the left, Venezuela has no reason to be apprehensive about the situation as Colombian armed forces went into Ecuador, faraway from Venezuela.Tensions created there would cause concerns throughout the world on the fear of shortage of oil production in this three countries. Aren't they clever?
Oil price is hovering around US$103 and Malaysian motor vehicle owners better be prepared for a historic increase in the petrol price, rumoured to happen in April 2008.
Reading: Venezuela, Ecuador break Colombia ties over raid - Reuters
Reading: Ecuador cuts ties with Colombia - BBC News/Americas
Reading: Venezuela Orders Troops to Colombian Border - News VOA
Tags: Economics, Oil Price, Petrol Price, Ecuador, Colombia, Venezuela, FARC Rebel
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