Can Ecuador Save Its Ailing Oil Sector?

The tiny impoverished Latin American country of Ecuador continues to struggle with its legacy of resource nationalism. Even a push by the current administration of President Lenin Moreno to implement business and investor friendly policies to attract offshore investment is failing to gain the desired traction. While Ecuador’s mining industry is bounding ahead, because of Moreno’s policies aimed at boosting international investment in the country’s vast resources, the same cannot be said of the petroleum industry. The previous…