Watching the World: Bolivia now, who's next?

Bolivia now; who’s next?Amid the heady talk coming out of South America over efforts by Bolivia’s president to nationalize the country’s oil and gas industry, there are at least some voices of sobriety-or so it seems.Evo Morales announced his decree, which requires foreign investors to grant the state controlling interest in oil and gas assets within 180 days and up to 82% of all revenue, in a speech at a gas field in Tarija operated by Brazil’s Petrobras. Earlier, during an Apr. 29 meeting in Havana with Cuba’s Fidel Castro and Venezuela’s Hugo Chavez, Morales described nationalizing natural resources as a “tool of liberation.” That caused ...

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