[IP] Bush, the lover of democracy should love this...
Begin forwarded message:
From: Robert Lee <robertslee@xxxxxxxxxxx>
Date: May 1, 2006 4:47:06 PM EDT
To: dave@xxxxxxxxxx
Subject: Bush, the lover of democracy should love this...
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.
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Morales said soldiers and engineers with Bolivia's state-owned oil
company would be sent to installations operated by foreign petroleum
companies.
"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 southernBolivia 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.
Bolivia has South America's second largest natural gas reserves after
Venezuela, and all foreign companies must turn over most production
control to Bolivia's cash-strapped state-owned oil company,
Yacimientos Petroliferos Fiscales Bolivianos, Morales said.
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