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Old 05-02-2008, 03:09 PM
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Default Bolivia Taking Back its Resources

Well done Evo Morales. The resources of the land should belong to the people of the land, as it was before.
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The Bolivian government has continued its nationalisation of key industries by taking controlling stakes in oil, gas and telecoms companies.

It took back control of telephone company Entel from its foreign owners along with a gas and oil exploration firm and an oil pipeline company.

A deal was done with one company, and decrees imposed in other cases.

President Evo Morales wants to increase the revenue his country receives from its industries.

Parts of Bolivia's energy industry was privatised in the 1990s, with foreign companies taking 50% stakes.

In an announcement on the 1 May workers' holiday, President Morales said:

"Basic services - call them energy, water or communications - cannot be in the hands of private business," he said. "They are public services."

Bolivia's state energy company paid $6.3m for a majority stake in Spanish-owned Andina, one of the country's biggest energy companies which exploits oil and gas fields and owns a 50% stake in two giant gas fields.

It has also taken over, by state decree, the control of Chaco from BP and Pan American Energy and the Transredes pipeline company from Ashmore Energy International.

Mr Morales is an ally of Venezuelan President Hugo Chavez, who has also taken back control of a number of industries from foreign control, including oil, electricity and cement.
BBC NEWS | Business | Bolivia nationalises energy firms
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If there ever was in the history of humanity an enemy who was truly universal, an enemy whose acts and moves trouble the entire world, threaten the entire world, attack the entire world in any way or another, that real and really universal enemy is precisely Yankee imperialism

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?
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Old 05-02-2008, 03:42 PM
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Good for them!

Russia did the same thing in the early 2000s.
In 1991 right after the break up of the USSR many Western companies took advantage of disorder which existed in the former Soviet republics and bought up the Soviet gas and oil companies.

But when the situation stabilized Russian government took control over country's strategic resources.


OJSC Gazprom, (Russian: Газпром; long version: Открытое Aкционерное Oбщество Газпром; sometimes transcribed as Gasprom) is the largest Russian company. Gazprom is publicly traded as RTS:GAZP MICEX:GAZP LSE: OGZD; Russian: ОАО Газпром. Gazprom is the biggest extractor of natural gas in the world. With sales of US$31 billion in 2004, it accounts for about 93 percent of Russian natural gas production; with reserves of 28,800 km³, it controls 16 percent of the world's gas reserves (as of 2004[2], including the Shtokman field.) After acquisition of the oil company Sibneft, Gazprom, with 119 billion barrels (18,900,000,000 m³) of reserves, ranks behind only Saudi Arabia, with 263 billion barrels (41,800,000,000 m³), and Iran, with 133 billion barrels (21,100,000,000 m³), as the world's biggest owner of oil and oil equivalent in natural gas.

Russian Government control

In June 2005, Gazprombank, Gazpromivest Holding, Gazfond and Gazprom Finance B. V., subisidiaries of Gazprom, agreed to sell a 10.7399% share to the state-owned company Rosneftegaz for $7 bn, which was considered by some western analysts as an understated price.[24] The sale was to be completed by December 25, which combined with the 38% share of the State Property Committee, gave the Russian Government control of the company.[25]

In September 2005, Gazprom bought 72.633% of the oil company Sibneft (now Gazprom Neft) for $13.01 billion, aided by a $12 billion loan, which consolidated Gazprom's position as a global energy giant and Russia's biggest company. On the day of the deal the company was worth £69.7 billion/US$123.2 billion, equivalent at the time to the gross domestic product of Ireland.

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Old 05-02-2008, 03:55 PM
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I congradulate them. I'll have to get my uncle's e-mail and ask him a thing or two about it.
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Old 05-02-2008, 04:28 PM
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Originally Posted by Oregon Elephant View Post
I congradulate them. I'll have to get my uncle's e-mail and ask him a thing or two about it.
Your uncle is Bolivian ? I'm guessing it will boil down to what region he lives in and social class. If he is one of the seperatists i'll guess he opposes practically everything the Morales government does. From all that i read Bolivia does seem a pretty divided state.
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If there ever was in the history of humanity an enemy who was truly universal, an enemy whose acts and moves trouble the entire world, threaten the entire world, attack the entire world in any way or another, that real and really universal enemy is precisely Yankee imperialism

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?
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Old 05-02-2008, 04:36 PM
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Originally Posted by Comrade Joe View Post
Your uncle is Bolivian ? I'm guessing it will boil down to what region he lives in and social class. If he is one of the seperatists i'll guess he opposes practically everything the Morales government does. From all that i read Bolivia does seem a pretty divided state.
Yes, he is/was a missionary to down there some 40 years ago (I don't consider him a missionary anymore because missionaries go somewhere than come back, he got married and has three kids down there). He is somewhat well off (managed to send his oldest son back to the states for college), but he lives in a very poor village. I'll see if I can send him an e-mail before the weekend (he goes to another larger town for internet access on weekends). I don't think that he's a 'seperatists' but then again, it is likely my mother never told me about that kind of stuff when I was younger (I was sheltered from politics and political conflict as a child).
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Old 05-02-2008, 04:37 PM
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Originally Posted by Oregon Elephant View Post
Yes, he is/was a missionary to down there some 40 years ago (I don't consider him a missionary anymore because missionaries go somewhere than come back, he got married and has three kids down there). He is somewhat well off (managed to send his oldest son back to the states for college), but he lives in a very poor village. I'll see if I can send him an e-mail before the weekend (he goes to another larger town for internet access on weekends). I don't think that he's a 'seperatists' but then again, it is likely my mother never told me about that kind of stuff when I was younger (I was sheltered from politics and political conflict as a child).

I'll look forward to hearing your/his thoughts then
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If there ever was in the history of humanity an enemy who was truly universal, an enemy whose acts and moves trouble the entire world, threaten the entire world, attack the entire world in any way or another, that real and really universal enemy is precisely Yankee imperialism

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?
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Old 05-02-2008, 04:55 PM
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From that BBC article:

Mr Morales is an ally of Venezuelan President Hugo Chavez, who has also taken back control of a number of industries from foreign control, including oil, electricity and cement.
BBC NEWS | Business | Bolivia nationalises energy firms



Well, it seems like the hot-tempered Latin revolutionaries besides making colorful speeches began to count money in their spare time.

Smart. Very smart.... Keep up the good work, guys!


Our Bolivian amigos nasatito mucho Bolivianos to beat the Wall Street bankers....

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Old 05-02-2008, 05:43 PM
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From what I here of Morales he is a faux socialist
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Old 05-02-2008, 06:35 PM
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Originally Posted by Bosco View Post
From what I here of Morales he is a faux socialist
Well, he is no Marxist, but he is infinately better than the neo liberal alternative.
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If there ever was in the history of humanity an enemy who was truly universal, an enemy whose acts and moves trouble the entire world, threaten the entire world, attack the entire world in any way or another, that real and really universal enemy is precisely Yankee imperialism

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?
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Old 05-02-2008, 08:14 PM
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Quote:
Originally Posted by Bosco View Post
From what I here of Morales he is a faux socialist
Why is that? Is he masquerading or is he a pragmatist?
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