To get out of this with the Ecuadorian public all they have to do is set the windfall at $5000/oz US adjusted for inflation and they are off the hook. If we ever hit $5000/oz inflation adjusted they can have 100% in my books. Such a windfall tax would make me very happy:) The devil will be in the details if its real.
Does anyone know what the 'windfall' amount that used for oil? When did it kick in? Was it inflation adjusted?
I read that prior to his October announcement that the amount was 50% of the windall and that after they are talking 99% that is still subject to negotiaition.
If anyone has some info that might help us to think about this please share.