Mayo 01, 2006
Bolivia Nationalizes Hydrocarbons
Coinciding with the May Day holiday, President Evo Morales signed a supreme decree for the nationalization of the country's hydrocarbons. He ordered the Bolivian military to take control of all of the petroleum fields.
Bolivia toma control de hidrocarburos - BBC Mundo
Evo nacionaliza los Hidrocabruros - Erbol
Bolivia orders military to control gas fields- Financial Times
Bolivia nationalizes natural gas industry - USA Today
Posted by eduardo at Mayo 1, 2006 03:16 PM
Comments
Wow. Of all the ways to do it, that is the WORST way to go about it. I hope he's ready for the economic sanctions. And to see what the "media luna" does in response ...
Wow. I'm in shock.
Posted by: mcentellas at Mayo 1, 2006 06:14 PM
Economic sanctions will only push Bolivia closer to Venezuela than it already is..although Santa Cruz stands to gain more royalties under this new plan.
Posted by: eduardo at Mayo 1, 2006 09:05 PM
Bolivia can get pushed closer to Venezuela or Cuba. But neither can really help Bolivia much (esp since Venezuela is a gas competitor!). W/o a sea coast, Bolivia should rather chummy up w/ the ABC's (Argentina, Brazil, Chile).
Posted by: miguel (ciao!) at Mayo 1, 2006 11:17 PM
It all depends on the enterprises' responses to the decrete. It's interesting to see they are very carefull, I think they will adequate to new contracts.
Posted by: Boby at Mayo 2, 2006 04:20 AM
Your whining and crying because foriegn capitalists will stand to lose with this nationalization?
This shows why the Latin American rightwing will continue to be seen as vendepatrias.
Don't worry about sanctions--we might let select corporations do business in South America (if it benefits the people lol)
Posted by: Slave Revolt at Mayo 2, 2006 09:54 AM
Maybe. But Venezuela can't afford to subsidize both Bolivia & Cuba. The whole thing's going to come tumbling down, and Bolivia, sadly, will bear the brunt of it.
Posted by: miguel (ciao!) at Mayo 2, 2006 12:48 PM