May 01, 2006

Buh bye, Bolivia! (Updated)

And the Cubanization of yet another country has begun.

First came Venezuela and now Bolivia. Nationalization begins:

LA PAZ, Bolivia - President Evo Morales ordered soldiers to immediately occupy Bolivia's natural gas fields Monday and threatened to evict foreign companies unless they sign new contracts within six months giving Bolivia majority control over the entire chain of production. Morales said soldiers and engineers with Bolivia's state-owned oil company would be sent to installations operated by foreign petroleum companies.

Take that, you evil Yanqui imperialist capitalist dogs!!!

Oh, wait. Well Ill be darned. Looks like it aint those evil Gringos after all:

"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.

And ten years from now, just like in Cuba, half of the fields wont be in operation and then let the foreign subsidies begin!

Update: An eerily reminiscent picture is worth a thousand words, via Ace:

nacinalizado.jpg

Posted by Val Prieto at May 1, 2006 07:01 PM

Comments

Ah! The glories of socialism and nationalization! Thank Marx that with the redistribution of wealth everything will be made as right as rain...

Posted by: George L. Moneo [TypeKey Profile Page] at May 1, 2006 08:27 PM

Val -
Like we say in our family about these types:

Que se jodan todos!

They elected this jerkoff - now they must live with him - same for the people who love Chavez.

They will be sorry.

Posted by: mandingo [TypeKey Profile Page] at May 1, 2006 09:23 PM

A phrase from the cold war days, when people were smart enough to fear communism comes to mind, the domino effect.

Posted by: Ziva [TypeKey Profile Page] at May 2, 2006 12:33 AM

It will be interesting to see Lula's reaction to this. After all, isn't a fellow socialist doing it? The domino effect may take place when these failed states start going at each other. When that happens, let Uncle Sam stand aside and allow the Darwin Principle of Natural Selection to work its magic.

Posted by: Alberto-Q [TypeKey Profile Page] at May 2, 2006 07:34 AM

Ten years? Half? You're being optimistic. I'd bet that in five years better than half of their production will be gone.

Posted by: aelfheld [TypeKey Profile Page] at May 2, 2006 08:52 AM


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