Problem: For the past ten years, BSSL has wanted to develop lucrative South American oil reserves for its exploration, drilling, refining, and transport division; BSSL's Oil Division has been limited in prior years to Siberia and the South China Sea and was precluded from entry into the oil business in Iraq by United States law and U.N Sanctions.
Discuss whether the present political situations in South America will present new opportunities for BSSL to expand into the South American marketplace, address the legal and ethical risks and benefits, both short term and long term, of attempting to do so, and identify the government(s) and/or organization(s) with whom BSSL should deal should the company embark on a business venture in South America.