May 02, 2006

Morales' Bolivia: "Does not play well with others"

A day late, a peseta short, but postable nonetheless:

"The time has come, the awaited day, a historic day in which Bolivia retakes absolute control of our natural resources," Morales said in a speech from the San Alberto petroleum field in southern Bolivia to decree what he called a nationalization of the natural gas industry. The field is operated by Brazil's Petroleo Brasileiro SA in association with the Spanish-Argentine Repsol YPF SA and France's Total SA.
Val's insight on Bolivia's gas nationalization:
Val: And ten years from now, just like in Cuba, half of the fields wont be in operation and then let the foreign subsidies begin!
Val is a bit more generous than I; I'll give 'em 5.

Commenter Alberto-Q pondered, "It will be interesting to see Lula's reaction to this. After all, isn't a fellow socialist doing it?"

To which I ask, "Isn't that like, socialist on socialist violence?"

Posted by Kyer at May 2, 2006 11:58 AM | TrackBack