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Yet another addled leftist trying to appease the masses at home.
No good will come of this ...
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Yet another addled leftist trying to appease the masses at home.
No good will come of this ... -
Good luck to Morales in bringing Bolivia into line with the rest of the oil-producing world.
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And in related news, Zimbabwe now has the world's worst inflation, now up to quadruple digits and it's expected to go up.He's got the Midas touch.
But he touched it too much!
Hey Goldmember, Hey Goldmember!Comment
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Excellent news. Maybe the condition of the average Bolivian will finally improve. It's about time
"I have been reading up on the universe and have come to the conclusion that the universe is a good thing." -- Dissident
"I never had the need to have a boner." -- Dissident
"I have never cut off my penis when I was upset over a girl." -- DisComment
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Ugh.
Morales has repeatedly said the country's natural resources have been "looted" by foreign companies and must be nationalized so that Bolivians could benefit from the profits that were being sent overseas.
But he has also said that nationalization will not mean a complete state takeover, because Bolivia lacks the ability to tap all its natural gas on its own.
Tax them and give the money to the poor. Change the rules for any future exploration and development. But this ****? I do not see how this advances the ball (of course, I'm not a communist, so this "control of the means of production" crap doesn't give me the warm fuzzies).Morales on Monday sent soldiers and engineers with Bolivia's state-owned oil company to installations and fields tapped by foreign companies -- including Britain's BG Group PLC and BP PLC, Brazil's Petroleo Brasileiro SA, Spanish-Argentine Repsol YPF SA, France's Total SA and Texas-based Exxon Mobil Corp.
The companies had six months to agree to new contracts or leave Bolivia, he said.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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This seems to be an idiotic move given Bolivia's inability to exploit the resources without foreign investment. Why bite the hand that feeds you when there are far easier ways to get what you want without making your country less hospitable to such investment?I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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some of the investments are Brazilian. Interesting to see how Lula reacts."A person cannot approach the divine by reaching beyond the human. To become human, is what this individual person, has been created for.” Martin BuberComment
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In that article, the Brazilians didn't sound happy.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Yeah but we're fast coming to a point where the world will do anything it takes to get its hydrocarbon fix - even buying from some dirty unwashed indigenous indian commies. I mean the US has just recently invaded a country that was posing it no threat in an effort to secure its oil supplies...Originally posted by DinoDoc
This seems to be an idiotic move given Bolivia's inability to exploit the resources without foreign investment. Why bite the hand that feeds you when there are far easier ways to get what you want without making your country less hospitable to such investment?
I seriously doubt Bolivia will be losing any customers over this, and it will certainly be reaping a whole lot more revenues for its people.
Seems to me that there's an anti-globalisation revolution sweeping the whole of Latin America, and not before time after decades of US meddling...Comment
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Its not about customers-- its about whether the people that have the skill sets to extract petroleum efficiently (ie the big oil companies) will be assed to invest there. The big oil companies don't "need" oil, they need to make money and places where they invite you in to invest and then send soldiers to take over, are not exactly hospitable places to invest.Originally posted by MOBIUS
I seriously doubt Bolivia will be losing any customers over this, and it will certainly be reaping a whole lot more revenues for its people.
So yes, Bolivia or anyone else will be able to SELL their hydrocarbons . . . Its just that they will be a whole lot worse at finding and producing them.You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto LuongoComment
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Oh yes, little Bolivia strikes back at teh evil US, hurray, hurray!
Notice, however, that the main (foreign) players in this are not USian. Brazil, Spain, UK, France...
As for the impact on the average Bolivian, we'll see. We can all theorize, but only time will tell. My gut tells me this won't do much, if any, good, but I could certainly be wrong.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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FYI, in the last 10 years, foreigners have invested about $3.5 billion in Bolivia's natural resources. That's the scale of the theft.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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It's also them who did the exploring. Without Big Bad Business, Bolivia wouldn't be having any reserves in the first place.
I recall that they were rather pissed about a scheme that would export the gas via Chile. Firstly, because it was Chile, and secondly because it would export their gas. How this helps the common man I do not understand.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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They would have them!... they just couldn't use them.Bolivia wouldn't be having any reserves in the first place.
In order to nationalize (which, as has been correctly pointed out, is a fancy word for "stealing"), your nation would better be self-sufficient, since foreign investments tend to freeze. E.g. the Chinese government would be smart if it'd nationalise everything in China right now. From Bolivian government OTOH, this seems to be a stupid move which only hurts it own population in the long-term.
If by "the world", you mean "I", then I agree.Yeah but we're fast coming to a point where the world will do anything it takes to get its hydrocarbon fix - even buying from some dirty unwashed indigenous indian commies.Comment
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Originally posted by DinoDoc
This seems to be an idiotic move given Bolivia's inability to exploit the resources without foreign investment. Why bite the hand that feeds you when there are far easier ways to get what you want without making your country less hospitable to such investment?Attached FilesTry http://wordforge.net/index.php for discussion and debate.Comment
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